MINE AUTOMATION
Epiroc completes ASI Mining acquisition
Epiroc has recently completed the acquisition of the remaining share of ASI Mining , the US-based autonomous mining solutions company . Epiroc already owned 34 % of ASI Mining , which it acquired in 2018 . The acquisition regards the remaining 66 % of the company .
ASI Mining is based in Mendon , Utah , United States . The company , which was a subsidiary of Autonomous Solutions , Inc ., is a leading provider of mining automation systems , such as remote control , teleoperation , and fully autonomous solutions . Its solutions are OEM agnostic , meaning they work regardless of machine brand and fit well for mixed fleets . The solutions strengthen mine safety and productivity while lowering emissions and total cost of operation . ASI Mining had revenues of about MSEK 300 in 2023 .
Epiroc announced on May 29 , 2024 , that it had agreed to acquire the remaining shares of ASI Mining . It said the transaction will lead to a positive revaluation effect of the ownership held prior to the acquisition in the segment Equipment & Service . The gain will be reported as an item affecting comparability in the third quarter 2024 .
“ Epiroc and the innovative team at ASI Mining are already collaborating closely to bring the most advanced automation solutions to mining customers ,” says Helena Hedblom , Epiroc ’ s President and CEO . “ We look forward to complementing their solutions fully with our offering and together continue supporting customers on their automation journey .”
Last year , ASI Mining received an order from Roy Hill Iron Ore to automate 18 Hitachi EH4000 haul trucks to be integrated with its current autonomous haulage fleet in Western Australia . The additional trucks will increase Roy Hill ’ s fleet to a total of 96 haul trucks which , once converted to autonomous operation , will make Roy Hill one of the largest single
Epiroc has recently completed the acquisition of the remaining autonomous haulage system share of ASI Mining , the US-based autonomous mining solutions
( AHS ) sites in the world . company
overburden mining and coal extraction . All trucks were mobilised by EACON from other projects . Both models were equipped with EACON driveby-wire systems and autonomous driving system , at the LGMG and Tonly plants . As of March 9 ,
EACON had deployed the entire autonomous fleet at Shitoumei coal mine within 17 days , from initial setup to full operation , without safety drivers .
Elaine Jin , COO of EACON Mining Australia , said : “ In the coal mine overburden removal sector , EACON ’ s AHS solution has matured significantly , enabling rapid deployment in similar scenarios and significantly reducing the time and cost of implementing an autonomous haulage solution . Building on the foundation laid in coal mines , EACON will extend its AHS solution to metal mines , including gold and iron mines , in 2024 .”
Founded in May 2018 , EACON calls itself a leading autonomous haulage solution company that empowers the mining industry with the most advanced technology . By combining cutting-edge autonomous driving technology with strong onsite operational capabilities , EACON provides an OEM-agnostic , field-proven solution for autonomous haulage and zero-emission truck engineering , it says . Currently , EACON has deployed autonomous truck fleets in four of China ’ s top 10 open-pit coal mines .
EACON recently received another $ 44.5 million in Series C ++ financing , led by Zijin Mining and Minxi Xinghang , enabling it to scale up its technology , product R & D and mining area operation management as part of its autonomous haulage developments . Including series C and series C + financing , EACON has now completed equity financing of $ 97.3 million .
Zijin Mining , meanwhile , is a leading global multinational mining group mainly engaged in mining copper , gold , zinc , silver and lithium . Chen Jinghe , Chairman of Zijin Mining Group , said the advancement of ‘ carbon peak and carbon neutrality ’ objectives have sparked significant transformation within the global mining sector , where autonomous driving technology , coupled with new energy trucks , are playing a pivotal role . Zijin Mining will leverage its industry resources alongside EACON ’ s solution for its domestic and overseas mine sites , according to EACON .
Minxi Xinghang ’ s business scope spans
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32 International Mining | SEPTEMBER 2024