Consulting & Advisory
RPMGlobal has announced an increase in funding for their optimisation software development program after receiving industry funding to support the further ongoing development of their decision support software for underground mining.
The support has been given by the government of Ontario through the Ontario Centre of Innovation (OCI), an organisation that supports innovators to commercialise new Ontario based technologies. RPM acquired three optimisation software modules in December 2021 from Sudbury based MIRARCO as part of a three-year collaborative research partnership. MIRARCO is an innovative solution research provider for the mining industry and research arm of Laurentian University.
Commenting on the OCI support David Batkin, RPMGlobal’s Head of Product Strategy, said it was terrific to be working with forward thinking, like-minded organisations. “RPM and MIRARCO have had a great working relationship for the past few years, and it is fantastic to be enjoying this additional support from OCI, it will go a long way to further develop these important optimisation programs.”
MIRARCO President and CEO, Dr. Nadia Mykytczuk is thrilled to have secured the OCI funding to support this research. She stated “This collaboration with RPMGlobal will result in full commercialisation and deployment of tools that will benefit the mining industry. We are really excited to have our teams working together as well as bringing together new academic collaborators from Queen’s University.”
The software modules benefitting from the investment are part of RPM’s Design and Scheduling product portfolio. These modules consist of the Advanced Valuation Module and the Ventilation Constraint Module, both of which extend and complement the functionality of RPM’s mine optimisation software solutions.
The Advanced Valuation Module (AVM) facilitates the generation of optimised underground mine plans that are robust to uncertain product prices and ore grades. The Ventilation Constraint Module (VCM) generates optimised underground mine schedules based on ventilation constraints.
The support provided by OCI will be matched by RPMGlobal and will be used to support the multi-year collaboration arrangement between RPM and MIRARCO. OCI has a proven track record when it comes to supporting software development.
Batkin said, “We are very thankful to OCI for this support and for having the foresight and vision to recognise the value that this technology will bring to the underground mining industry.”
View the full PDF version of this announcement here.
RPMGlobal Holdings Limited (ASX:RUL) [RPM ®] has grown its sustainability suite of software with the strategic acquisition of private company Splash Back Solutions Pty Ltd (Splashback), the owners of a unique, SaaS (Software as a Service) based solution for the capture, storage, and management of environmental data.
Tasmanian based Splashback, has a loyal following of their environmental data management platform, also named Splashback. Splashback is an advanced platform for storing measurements that change with time making it ideal for capturing environmental data such as water samples.
In recent times the mining industry has seen a growing call for greater transparency between mining organisations and key stakeholder groups. Given Splashback was designed specifically as an environmental data collaboration platform, it makes it an ideal solution to facilitate this transparency to occur.
Richard Mathews, CEO (Chief Executive Officer) of RPMGlobal, said « We are very pleased to further extend the product offerings across our Sustainability portfolio and the transparency and auditability that Splashback provides will be a valuable outcome for our customers globally ».
Mining inherently involves constantly changing conditions and landscapes and while data capture and storage are key components, it is the integration and analysis tools within Splashback that provide the true advantage. Data can be imported from labs, sensors, and the field with a wide variety of easy-to-use tools allowing for rapid analysis of the data. Data can then be shared with stakeholders, regulators, and research organisations within the Cloud Splashback environment, reducing overhead and ensuring everyone has access to the latest information.
Splashback has a proven track record in mining, government, and associated industries required to manage and disclose large sets of environmental data. It was originally developed in 1996 for the significant data requirements of the Derwent Estuary Program. This program was a partnership between state and local government and industry with an aim to make the Derwent River a world class asset through the sharing of scientific information.
It has also been used extensively on the successful Savage River Rehabilitation Project. Both the Savage River Rehabilitation Project and the Derwent Estuary Program remain users of Splashback’s unique platform.
Splashback bolsters RPM’s environmental, social and governance (ESG) software portfolio offering a SaaS based solution for data storage, access, analysis, and integration through APIs for an operation’s environmental data. There is also a mobile application eliminating paper and allowing field technicians, scientists and other on the ground staff to securely collect data on-the-go. This is built using the same technology as RPMGlobal’s current platforms providing development synergies across the product suite.
Splashback’s CEO, Daniel Ray, stated, “the Splashback team is immensely proud of what we have built over the years, and we are looking forward to the exciting opportunity to continue to develop our solution and deliver Splashback to customers in the industry right across the world as part of a truly global RPM team. Splashback excels best with data integrated from multiple sources and accordingly is a perfect fit for RPM’s leading integrated enterprise software and advisory offerings.”
Mr Mathews concluded by saying, “Mining organisations have been asking for solutions that simultaneously manage environmental data while providing transparency and auditability for stakeholders and regulatory bodies. RPM’s sustainability portfolio ticks those boxes and provides peace of mind that the right information is being captured and stored.”
The acquisition will close on 30 November 2022 subject to customary completion events.