Perenti’s idoba bolsters tech offering

Perenti business idoba is partnering with Japan’s Sumitomo Corporation to create sustainable mining services products while completing two local acquisitions.

Under a memorandum of understanding, idoba and Sumitomo will co-develop at least two digital mining services products to enable sustainable practices in the sector, including mining process optimisation and carbon footprint management.

Perenti said the Tokyo-headquartered investment and trading group, whose network includes 900 companies across 12 countries, will bring a unique perspective to idoba and complement the subsidiary’s mining services and technology expertise.

“The combination of Sumitomo, idoba and our contract mining expertise will support our new business evolving to meet the needs of the ever-changing mining industry and global expectations,” Mark Norwell, the managing director of Perenti, said.

Separately, idoba is acquiring West Perth mining services businesses Orelogy and Atomorphis.

Orology offers consulting services across the entire mining spectrum, including project development and management, mine planning, cost modelling, and feasibility studies.

Meanwhile, Atomorphis is a data science business that specialises in 3D modelling software, allowing clients to monitor their mine fleets and equipment.

idoba chief executive Sarah Coleman, a Business News 40under40 award winner, said the mining industry recognised the benefits of advanced digital technologies.

“These acquisitions and the MoU with Sumitomo will help us expand our suite of technology driven products and services to meet the mining industry’s demand for sustainability, by integrating our digital and deep mining domain with a human-centered approach,” she said.

A cost for the acquisitions was not disclosed, though Perenti noted it was for a “modest consideration” not material to the company.

Its shares were up 1.6 per cent at 2:50pm AEDT to trade at 79 cents.