PRESS RELEASE: This transaction represents the seventh software acquisition RPM has undertaken in the past three and a half years. According to RPM, it’s part of its determination to deliver a complete commercial off-the-shelf enterprise platform for the mining industry, built on open industry standards, which delivers a step change in value chain optimisation through investments in software innovation.
MinVu is headquartered in Brisbane, Australia, and has been providing enterprise operational software to its global customers for over 18 years.
Development of the MinVu product has involved significant customer engagement, which has resulted in a comprehensive suite of integration adaptors and data validation functionality being built. The integration adaptors feed operational data into a structured Operational Data Store. which is used by more than 250 standard reports and real-time dashboards.
MinVu solutions are designed to connect and extract real-time data from operational systems and then turn this data into meaningful transaction based information. This includes, but is not limited to, fleet management systems (FMS); dragline monitoring systems; dozer, loader and drill positioning systems; and on-board machine health systems.
The mining companies that use MinVu in their mining operations include BHP, Glencore, Anglo American, South32 and Yancoal, among others.
RPM CEO and managing director Richard Mathews commented: “Since acquiring a copy of the Fewzion Short Interval Control (SIC) product twelve months ago, we have been building the underlying architecture to enable us to deliver a fully automated short interval control system.
“Having the ability to automatically take live data feeds off our customers’ operational systems will dramatically accelerate our move into the short interval control space where real-time plan verses actual performance is the goal.
“MinVu is the only company that we know of who have built a comprehensive suite of standard integration adaptors across all key operational systems that operate in a mine. As such we believe the integration, data validation, structured Operational Data Store (ODS) and associated reporting will give RPM a commanding head start over other software vendors who decide they want to provide a mining short interval control system in the future.
“While the major consideration for this acquisition was advancement of our short interval control system, many of our other products will benefit from access to operational data via our enterprise planning framework (EPF).”