Blast Movement Technologies’ core business is to provide the mining industry with a unique and world-first solution for reducing ore loss and dilution. Our easy to use and innovative BMM System allows accurate 3-dimensional measurement of muckpile movement that occurs during the blasting process.
Blast movement and its effect on ore loss and dilution – and ultimately the economic consequences – are generally poorly understood within the mining industry and can be difficult to accurately quantify. The use of our technology enables a more accurate determination of ore boundaries after blasting, and has the potential to increase an operation’s revenue by millions of dollars per year. Mine-based case studies indicate that potentially tens or hundreds of thousands of dollars per blast can be lost if blast movement is not accounted for. The cost of monitoring a blast using this technology is relatively inconsequential in comparison, so the return on the investment is quick and substantial.
Blast Movement Technologies sold a majority stake to private equity in August 2015. The following is from an article in the Courier Mail on August 16, 2015.
QUEENSLAND entrepreneurs Darren and Diane Thornton have sold a majority stake in their award winning Blast Movement Technologies to private equity firms.
The new owners are Jolimont Global Mining Systems and its US joint venture partner Resource Capital Funds.
Mr Thornton said the deal would not change the identity, operations or plans of BMT which last year was named Premier of Queensland’s Exporter of the Year.
“The move will enable further growth of the business and confirm BMT’s technology as world’s
best practice for blast movement monitoring,” he said.