RPMGlobal has acquired Canada-headquartered mine scheduling optimization company, Revolution Mining Software. Privately owned Revolution Mining Software develops and sells its flagship Schedule Optimization Tool (SOT) TM, which is a cutting-edge financial mine scheduling optimization solution.
SOT is a strategic financial optimization tool for underground mines that enables mine planners to improve productivity and profitability by optimizing the net present value (NPV) of the mine schedule, according to Revolution Mining Software.
SOT emerged out of research undertaken by Mining Innovation, Rehabilitation and Applied Research Corp. (MIRARCO), a not-for-profit corporation of Laurentian University in Canada.
This scheduling generates life-of-mine schedules that adhere to all specified precedence and operational constraints, optimizing NPV based on the user’s financial model.
“We are really looking forward to welcoming the Revolution team into the RPMGlobal family,” RPMGlobal CEO and Managing Director Richard Mathews said. “We will invest in their industry-leading scheduling optimization tools to deliver even more innovative solutions that add real value to our customers.”
“RPMGlobal was born from the belief that mine planning needs to be built on sound economics and the Revolution Mining products strategy is completely aligned with that core value,”
Revolution Mining President Lorrie Fava said, “The entire Revolution Mining team is so passionate about the solutions we are delivering to the industry, so it was important to us that RPMGlobal also shared our vision and passion, which they clearly do.”
As part of the acquisition, RPMGlobal has also acquired Revolution Mining Software’s Attain TM and SurfaceSOT TM software solutions.
Attain TM is a software solution that ensures operational mine planning is systematically aligned with the long-range plan. This approach ensures the company has optimized short-range schedules that are feasible and aligned with the long-range schedule.
SurfaceSOT TM is a solution that will work for all types of mining operations to maximize their NPV by optimizing their long-range schedules, including management of stockpiles and product blending while minimizing the rehandling of materials.
Following completion of the transaction, all of Revolution Mining Software’s employees and management will move across into the RPMGlobal business where they will continue to be focused on transforming mining operations through innovative software solutions.