ARANZ Geo has acquired Bloy Mineral Resource Evaluation (Bloy), a specialist software and services business based in George, South Africa.
ARANZ Geo is well-known around the world as the developer of 3D geological modelling software Leapfrog®. ARANZ Geo solutions turn complex data into geological understanding, provide timely insight and give decision makers confidence. Solutions allow customers to harness information to extract value, bring meaning and reduce risk.
Bloy offers solutions for mine operations, specialising in grade control software and process design. Bloy is one of the world’s only product specialists in the grade control field, and their customers include some of Africa’s largest mining operations.
ARANZ Geo managing director, Shaun Maloney says, "The purchase will add important mine operations capability to ARANZ Geo and enable both companies to further develop grade control solutions for mining operations, extending each company’s capabilities and market potential.
"ARANZ Geo will further invest in Bloy’s current team in South Africa and its products to support grade control and associated processes, as we work to develop the business both in Africa and globally."
The Bloy team will remain a specialist function within ARANZ Geo and founder Peter Bloy will continue in a senior leadership position.
"Bloy will benefit from ARANZ Geo’s wider corporate capabilities, investment and global network to accelerate product development and expand the market," says Bloy. "Grade control is a greatly under-valued process in the mining industry, with small errors incrementally destroying value through dilution and ore loss. We help our clients capture this value, improving their bottom line."
Bloy’s flagship product Blockbuster® is a full-featured, off-the-shelf grade control solution which manages daily updates to resource models and mine plans to provide rapid, expert evaluation of data generated from drilling, logging and geological mapping.
Maloney adds, "ARANZ Geo is rapidly opening up new markets and expanding its global footprint around the world. This investment in new mine operations expertise, combined with our very active product development programme, shows our continued commitment to strengthening our offering to customers."