idoba buys two companies, cuts alliance with Sumitomo

Top image :
idoba CEO Sarah Coleman.
Perenti Global business acquires Orelogy, Atomorphis

Perenti Global unit idoba has added two businesses associated with mining engineers Steve Craig and Ross Cheyne to the core technology base it started with last July.

Contract mining and drilling services company Perenti said mining consultancy Orelogy and mining data science firm Atomorphis were now part of idoba, formed after Perenti bought Sandpit Innovation and Improvement Resources and Optika Solutions for about A$13 million. The “modest consideration” for the latest acquisitions was said be immaterial to the A$560 million ASX-listed company.

Craig and Cheyne started Orelogy in 2005. Advanced mine scheduling technology developed by Christie Myburgh, an architect of Atomorphis with Craig, was sold to Australian mining software leader Maptek in 2014. After three years with Maptek as part of that deal, Craig returned to Orelogy. A company social media page says it has grown to 17 full-time professionals.

Atomorphis, established in 2018, uses “agent-based software modelling … the next iteration in discrete event simulation” to help mining companies model their operations and “see the true impact of fleet interactions, increasing productivity and reducing costs”.

Perenti says Orelogy and Atomorphis add to its “digital, innovation and technology driven” product and services push, under the idoba banner.

Meanwhile, the contractor says idoba has signed a memorandum of understanding (MOU) with Japanese investment and trading group Sumitomo Corporation to “collaborate and jointly develop” digital mining process optimisation and carbon footprint management services.

Sarah Coleman, CEO of idoba, said the acquisitions and the MOU with Sumitomo would help the business “expand our suite of technology driven products and services to meet the mining industry’s demand for sustainability”.


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