Peruvian mining contractor Stracon Gym’s newly formed technology arm has bought two-year-old local mining software company Deep Pit Technology for an undisclosed sum.
Stracon Tech was formed this year to build a digital capability and product portfolio around Stracon’s large surface and underground mining, and site infrastructure development, core business. Stracon gained UK investment fund Ashmore Group as its major shareholder in 2018.
Start-up Deep Pit Technology was formed at the start of 2020 by Melissa Amado Vidal, Jorge Lozano and Jean Pierre Mandujano Gutierrez, and later that year signed a maiden “partnership” agreement with Canadian-based Hudbay Minerals’ Peru subsidiary to “digitise their mine operations”.
The Lima-based firm has added more than a dozen staff and works with Hudbay, China’s Chinalco, Chile’s Compania Minera del Pacifico and other miners.
Amado said last year Deep Pit was conceived at a difficult time – “in March 2020 they closed everything” – with the “great dream of turning Peru into a hub of technological talent”. It had initially worked hard to build its credentials in a market where top-end mining software and technology was seen to be almost exclusively connected with “Canadian and Australian brands”.