Molycop announced today that it has signed an agreement to acquire Process IQ (PIQ), a mining technology provider that provides proprietary data analysis and visualization solutions, instrumentation and advanced process control solutions.
This agreement represents an exciting and important step in Molycop’s digital transformation, as the acquisition of Process IQ complements Molycop’s MillSlicer technology platform and expands the capabilities of leaching, milling (crushing) and flotation products and services. Some of the solutions offered by PIQ include rolling mill vibration technology, cyanide measurement and advanced process control solutions.
Process IQ also provides circuit optimization consulting services through Orway IQ, a joint venture between Orway Mineral Consultants (OMC) and Process IQ. OMC is a subsidiary of Shisong.
Process IQ was founded in 2011 by Peter Strobos and Daniel van der Spuy and is based in Perth, Western Australia.
In signing the agreement, Strobes and van der Spuy stated: “The combination of Process IQ and Molycop will better serve the global mining industry. We can now offer our customers advanced digital solutions and process optimization experience to help them achieve sustainable operational efficiency.”
Molycop added: “Process IQ has proven to be a reliable technology partner for metallurgists and mineral processing engineers. Process IQ is specifically designed for mineral processing customers to exploit the full potential of the technology. Combining specialized tools with advanced process control, data analysis Combined with visualization, Process IQ creates solutions that deliver incremental improvements to customers Process IQ has established a strong market presence and reputation as a provider of differentiated technology products focused on improving customer throughput, recovery and efficiency.”
Molycop Digital President Darren O’Connell said the acquisition was the next step in the digital business and strengthened the company’s position in the mineral processing sector.
“We appreciate the wide range of talent and capabilities that the Process IQ team brings to Molycop, and we are excited to enter the next phase of Molycop’s digital business growth,” he said.
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