Hexagon Mining has announced the acquisition of Blast Movement Technologies (BMT) from RCF Jolimont Mining Innovation (Jersey).
BMT supplies blast movement measurement technology to the global mining industry. Its technology enables delineation of ore boundaries after blasting in opencast mining.
“This is great news for Hexagon customers,” said Nick Hare, Hexagon’s Mining division Chief Operations Officer. “The Blast Movement Technologies system is the only one of its type and generates significant profits for customers in every blast at over 120 opencast mines globally.”
The ability to accurately track blast movement is a huge benefit for mines striving to be smarter and more sustainable. Blasting is a highly variable process and movement of the ore during blasting can cost mines millions of dollars in lost revenue per year from ore loss. BMT’s solution provides customers with accurate blast information that is used to recover all of a mine’s resources, allowing the valuable ore to be sent to the mill, avoiding dilution and misclassification.
Lyle Bruce, Chairman of Blast Movement Technologies since 2015 when it was acquired by RCF Jolimont where he is a partner, said: “We are delighted the business is joining the Hexagon family. We ran a process to find the best fit and the best price and Hexagon came out on top on both fronts.”
Nick Hare said: “The acquisition aligns perfectly with our vision of driving sustainability through efficiency gains, increased safety, improved productivity and less waste.”
The business will continue to be run by Jacques Janse, CEO of Blast Movement Technologies.
Read the article online at: https://www.globalminingreview.com/finance-business/08012020/hexagon-acquires-blast-movement-technologies/