Swedish software giant Hexagon has strengthened its position as a digital mining leader with the acquisition of Blast Movement Technologies (BMT).
BMT supplies unique blast movement measurement technology to the mining industry, enabling accurate delineation of ore after blasting.
The acquisition complements Hexagon’s existing drill and blast solutions, enabling clients to extract better profit from every blast with BMT’s accurate ore location information.
Hexagon president and chief executive Ola Rollén said the acquisition was a powerful addition to the company’s smart mining portfolio.
“Controlling ore loss and dilution is critical for mining operations, particularly when profit margins are tight during commodity down-cycles,” Rollén said.
“(The) acquisition further closes the drill and blast loop for our customers and ultimately, improves their ability to measure, manage and improve mining operations from pit to plant.”
Hexagon’s mining division provides technology for planning, operations and safety, combining surveying, design, fleet management, collision design and production optimisation for safer and more productive mines.
BMT’s monitoring will help Hexagon to save on millions in lost revenue annually by saving valuable ore form being sent to the waste pile and dilution, where waste is sent to the mill.
Lyle Bruce, who has been BMT chairman since it was acquired by RCF Jolimont Mining Innovation in 2015 said the company was excited to join forces with Hexagon.
“We are delighted the business is joining the Hexagon family,” Bruce said.
“We ran a process to find the best fit and best price and Hexagon came out on top on both fronts.”
BMT has served clients such as BHP, Rio Tinto, Fortescue Metals Group and Anglo American. It operates in 118 mines across 39 countries around the world.
The company is fully consolidated as of January 8, operating within the mining unit of Hexagon’s Geosystems division.