IMDEX Ltd, a global leader in mining technology solutions, has recently announced a joint development agreement with Tribe Technology PLC. Tribe Tech is a technology-driven developer and manufacturer of autonomous mining equipment, focused on enhancing productivity, reducing costs, and improving safety in the global mining industry. Their proprietary technology has positioned them as a potential market leader in automated drilling.
The collaboration between Tribe Tech and IMDEX will focus on developing future technology by integrating both parties’ unique services and offerings. The partnership does not involve any minimum or guaranteed revenues for the Group but is expected to bring new features that will capitalize on existing market opportunities. The smart mining sector is projected to reach US$23.05 billion by 2028, positioning Tribe Tech as a potential leader in drilling automation in the mining industry.
Charlie King, CEO of Tribe Tech, sees this partnership as an important step towards becoming a leader in drilling automation in the mining industry. He highlighted the opportunity to add new features that will streamline operations for drilling contractors and resource companies worldwide. Paul House, CEO of IMDEX, emphasized their history of transitioning technologies from specialist service provider operated systems to driller operated systems and now moving towards machine operated systems with Tribe Tech.
Overall, this collaboration between Tribe Tech and IMDEX holds immense potential to advance technological innovation in the mining industry and further streamline operations for drilling contractors and resource companies globally.