K2fly wins software contract with Rio Tinto
An iron ore monolith, Rio Tinto has signed a 3-year software as a service contract with K2fly, an ASX listed technology player. Rio will use K2fly’s Infoscope software platform to manage highly sensitive heritage information across its iron ore mining operations in the Pilbara region of Western Australia. K2fly said the total contract value for the Rio deal was set at A $ 719,000.
Rio’s public image suffered greatly after the Juukan Gorge debacle which destroyed a revered Aboriginal heritage site.
However, Rio’s newly appointed Australian executive team, led by local CEO Kellie Parker and Australian iron ore boss Simon Trott, moved quickly to ensure better corporate governance around its heritage obligations in the red dust. from the Mid West of Washington State – hence the link with K2fly.
With 16 integrated mines and associated infrastructure to maintain, Rio’s Australia-based operations will store and manage its heritage database and indigenous information collected from many Indigenous sites over more than 30 years using Infoscope.
Nic Pollock, Commercial Director of K2fly, said: “We are delighted to be working with Rio Tinto on this important solution in the management of cultural heritage. K2fly brings unique experience in this field to offer our customers a repeatable software solution and to work independently with other local companies.
K2fly’s Infoscope provides a research solution and research capability for cultural heritage management and it can be used in future surveys in partnership with traditional owners.
Interestingly, the timing may be more than a coincidence for K2fly after the mining governance software disruptor recently took over the software business from SATEVA, which also caters to iron ore producers, especially Rio and its neighbors, Fortescue Metals Group and Roy Hill.
SATEVA specializes in building IT applications in areas such as exploration, grade control, planning, ore tracking, inventory management, reconciliation and data management.
K2fly is also developing a new solution for block modeling that the company says will significantly improve and simplify model management for miners performing multiple operations. It will also provide direct line of sight and governance of the block model to the annual mineral inventory reports.
Ore block models are aggregated to produce annual mineral resource and reserve reports, integrating directly with K2fly’s existing RCubed resource inventory reporting solution.
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