Locally owned and operated Melbourne-based technology company Southern Innovation has announced that it has entered into a multi-year collaboration agreement with global mining giant BHP.
Under the agreement, Southern Innovation will provide BHP with technical expertise to uncover solutions to specific challenges BHP faces in mineral exploration and extraction.
A strong advocate for Australian technology, BHP has long been committed to supporting the broader mining ecosystem and building capability in the Mining Equipment, Technology and Services (METS) sector.
BHP Vice President of Technology Global Transformation Rag Udd said technology will inevitably continue to change how Australians live and work, and it’s no different in the resources sector.
“Our continuing engagement with the METS sector ensures that our industry successfully adapts to technological change while creating and sustaining global technological and skills leadership in key areas of mining and our supply chain,” Udd said.
“An internationally competitive, appropriately skilled and innovative METS sector is critical to help maintain Australia’s leading position in the global resources sector.”
Southern Innovation and BHP have worked closely together since late 2015 to develop and commercialise technology that dramatically improves the performance of radiation-based analysis in mining applications, using a complex signal-processing algorithm developed by Southern Innovation Founder Paul Scoullar at The University of Melbourne.
Southern Innovation’s CEO and Managing Director David Scoullar said: “We are delighted to formalise our ongoing relationship with BHP to further research applications of our radiation-based minerals analysis technology to meet challenges across BHP’s domestic and international commodity portfolio.
“Our engagement with BHP over the last three years has successfully developed new-to-world METS technology and products in Australia and enabled us to double our workforce. With this new research and ongoing product development work, we will be adding even more employees dedicated to this task with a view to redoubling our workforce over two years.”
Industry body for the METS sector, Austmine, has been supporting Southern Innovation since 2015 through the Australian Technologies Competition and the Accelerating Commercialisation Program with the Department of Industry, Innovation and Science, and more recently with grant funding via the Entrepreneurs’ Programme.
Austmine CEO Christine Gibbs Stewart said: “It’s critically important that emerging METS companies can access customers, funding, expertise and networks to enable the development and commercialisation of disruptive technologies in the METS sector."
“Southern Innovation is a great example of how small, agile innovators can help big businesses such as BHP solve previously intractable challenges.”
Read the article online at: https://www.globalminingreview.com/exploration-development/12062019/southern-innovation-signs-multi-year-collaboration-agreement-with-bhp/
You might also like
Madison Metals Inc. has announced the exercise of all remaining warrants with an expiration of 26 January 2023, for a total exercise of over 3 million warrants.