Rinehart’s Hancock weighs $3.3 billion iron ore mine project
Hancock acquired a 51% interest in the Mt Bevan project from Legacy Iron Ore Ltd. and Hawthorn Resources.
Applicate’s RedEye™ is a Cloud-based drafting management solution designed to serve the needs of companies operating in the mining, energy and industrial arenas. This Australian developed technology quickly, securely and accurately increases productivity and efficiency across a wide range of industrial sites.
The Australian market for these services is estimated to be worth around $100m per annum. RedEye™ will save time, improve staff effectiveness and enhance plant capabilities. The managing director of Waterline Projects, the first company to acquire distribution rights for RedEye™, Randall Makin, says that when you consider the global size of the mining and energy sectors, RedEye™ presents an “exciting business opportunity and demonstrates Australian pre-eminence in mining technology”.
Launched in January 2012, Applicate has been created to develop cutting-edge Software as a Service (SaaS) solutions – often called ‘on-demand software’, or Cloud-based solutions – serving the mining and energy markets. Applicate’s vision, much like that of Google, is to enable mining and energy companies to migrate their data to the Cloud. RedEye™, Applicate’s first solution, provides a platform for clients to securely store, access and work with technical drawings by leveraging Cloud technology.
Current legislation requires mining and industrial sites to maintain accurate engineering drawings that directly reflect the physical environment on site. Accurate engineering information is the foundation for a safe and productive operation.
Keeping drawings up to date is a labour-intensive and therefore expensive task, leaving many sites with a large number of marked up drawings to be updated and made compliant. The managing director of Applicate, Mike Boyd, says, “RedEye™ was designed to address this challenge by removing drafting workload from sites and guaranteeing a fast turnaround of drawings.”
RedEye™ will be released for beta testing in early June with a number of tier-one mining companies already lining up to trial the solution.
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Simoncj
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