MineRP and Terrative Digital combined to create leading technology provider
Toronto, July 31, 2017 – Dundee Precious Metals Inc. (TSX: DPM) (“DPM”) announced that it has entered into a definitive agreement (the “Agreement”) with MineRP Holdings Proprietary Limited (“MineRP”), a provider of integrated mining technical solutions, whereby DPM will combine its proprietary wireless underground communications technology, managed within DPM’s Terrative Digital Solutions division (“Terrative”), with MineRP, and acquire a majority interest in MineRP. The combination will create a leading technology provider well positioned to further capture the rapidly growing demand in the mining industry for digital innovation.
MineRP, a private company founded in 1997 and headquartered in South Africa, is an independent software vendor (“ISV”) for the mining industry. Its unique platform improves productivity in planning and operations by integrating various technical and financial applications in the industry. Since 2011, DPM has also established itself as a leader in digital innovation across its asset base, particularly at Chelopech where it developed wireless underground communications technology which is held within Terrative.
Motivation for the Transaction
DPM is a globally recognised leader in mining innovation, and developed wireless underground communications technology held in Terrative. MineRP’s vision of unified mine planning and production suits DPM’s vision of the future, and the DPM board agreed to the value of investing in a combined MineRP / Terrative entity to provide transformative digital innovation to the mining industry at large.
With the August 2017 release of MineRP 4.0, MineRP is in a position to extend its data-integration capabilities to real-time operational monitoring and control. For this purpose, the cost effective, robust communication and data acquisition technologies developed by Terrative, combined with MineRP’s solutions will offer the mining industry a fully integrated communications platform and information management framework to practically enable millisecond mining.
“MineRP has always been at the forefront of innovation focused on the Enterprise Big Data in mining. Combined with the advanced digital communication technologies offered by Terrative, MineRP’s enterprise solutions provide a revolutionary platform for robust digital transformation for mining. The transaction provides MineRP with the means to aggressively implement our Spatial Enterprise Integration strategy across the globe.” Pieter Nel, CEO MineRP
Established in 1997 as a division of Anglo American Gold in South Africa, MineRP is a privately held ISV to the global mining industry that connects the science of mining with the business of mining. It improves productivity in planning and operations by amalgamating spatial mine technical information to support technical integration and cross-discipline collaboration. MineRP’s spatial big data platform provides seamless integration with commercial enterprise resource planning (“ERP”) solutions and provides the information base required for advanced analytics and optimization.
About Terrative Digital Solutions
Established in 2016, Terrative is a division of DPM which owns and sells proven, proprietary underground technology solutions to customers within the mining sector.
About Dundee Precious Metals
Dundee Precious Metals Inc. is a Canadian based, international gold mining company engaged in the acquisition of mineral properties, exploration, development, mining and processing of precious metals. The Company's operating assets include the Chelopech operation, which produces a copper concentrate containing gold and silver and a pyrite concentrate containing gold, located east of Sofia, Bulgaria; and the Tsumeb smelter, a complex copper concentrate processing facility located in Namibia. DPM also holds interests in a number of developing gold and exploration properties located in Bulgaria, Serbia, Armenia and Canada, including the Krumovgrad gold project, which started construction in the fourth quarter of 2016 and is expected to commence production in the fourth quarter of 2018, and its 10.5% interest in Sabina Gold & Silver Corp.