Tribe Technology PLC, a leading technology developer and manufacturer specializing in autonomous mining equipment, has recently announced a joint development agreement with IMDEX Ltd. IMDEX, a global mining technology company, focuses on providing drilling contractors and resource companies with the tools they need to safely and efficiently locate and extract mineral resources. Their range of products includes drilling optimization technology, cloud-connected rock knowledge sensors, and data analytics to streamline the mining process for their clients worldwide.
The partnership between Tribe Tech and IMDEX seeks to drive future technological advancements by integrating their respective services, offerings, and expertise. While the agreement does not guarantee specific revenues for Tribe Tech, both companies are committed to collaborating on innovative solutions to enhance productivity, reduce costs, and enhance safety in the mining industry. The automation of drilling processes is a significant area of growth, with the smart mining sector projected to expand to US$23.05 billion by 2028.
Charlie King, CEO of Tribe Tech, emphasized the importance of the partnership with IMDEX in positioning the company as a leader in automated drilling within the mining sector. He expressed his excitement about the opportunity to leverage IMDEX’s capabilities to further enhance Tribe Tech’s offerings and capitalize on market opportunities. Paul House, CEO of IMDEX, highlighted the ongoing evolution of their technologies towards machine-operated systems in partnership with Tribe Tech, marking a significant step in advancing the automation of drilling processes.