Vancouver, Canada – MineSense™ Technologies Ltd, a sensor-enabled IT company that upgrades ores for the metal mining industry, announced today that Jeff More has joined the organization as President and Chief Executive Officer. Jeff is a seasoned company builder with a track record of delivering outstanding results.
“I am delighted to join MineSense at such an exciting time, when field pilots have been successfully demonstrated and we are ready to accelerate into commercialization,” said Jeff More. “What attracted me to MineSense is the way we play at the intersection of the industrial internet, data analytics and machine learning to create and apply valuable information that the mining industry has never had access to before. The degree that MineSense technology enhances the customers’ productivity, financials and sustainability is unmatched.”
Ian Pearce, MineSense Chairman and former Xstrata Nickel Chief Executive, adds: “The mining industry frequently cites long-term declining ore grades as its critical challenge and MineSense is ready to provide the smart solution. Jeff’s arrival brings the commercial experience and the execution track record to accelerate this exciting technology’s path to the mainstream market.”
In an industry with typically low margins, MineSense creates transformational value by turning rocks into real-time data to stream metal ores according to grade and eliminate the costly processing of waste. This information enables upgrading of ore and enhanced metal recovery, improving mining customers’ bottom line by the $10’s to $100’s of millions per year in a single mine. MineSense has demonstrated the potential to reduce mining costs and recover valuable ore from what was previously designated as waste to enhance revenues and on-site customer pilots.
As President and CEO of MineSense, Jeff More will be responsible for the overall strategy and leadership of the company. MineSense founder and former CEO Andrew Bamber transitions to Chief Technology Officer and will focus on next-generation product and technology development.
MineSense is a pioneer in real-time, sensor-based bulk ore sorting solutions for large-scale, base and precious metal mines. The company’s fast, scalable and robust mineral sensing platform integrates with shovel and belt-based material handling equipment to provide precise, accurate, real-time grade control and ore routing decisions at the point of extraction for maximum resource conversion and metal recovery. By optimizing current practices, MineSense can make the mining of low-grade ores economically viable while improving a mining company’s bottom line and overall sustainability.