UK-based MMD Group has signed an agreement to acquire the intellectual property (IP) rights for TraxIQ from Anglo American.
Initially developed by Anglo American, TraxIQ is a comprehensive material handling solution.
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With ownership of the TraxIQ IP rights, MMD plans to spearhead its industrialisation, commercialisation and worldwide deployment.
This initiative could also involve collaboration with Anglo American where applicable.
The rising demand for minerals and metals is pushing the mining industry to innovate in managing complexity, enhancing productivity, cutting emissions and lowering the cost per tonne.
TraxIQ offers a forward-thinking approach to material handling.
It features a system-level design for scalable use in varied mining settings, incorporating modular vehicle structures, advanced energy management and autonomous control systems.
MMD’s Centre of Excellence in the Isle of Man, UK, is focused on the industrialisation and development of this solution, leveraging its global expertise in engineering, manufacturing and materials handling.
The company plans to collaborate with select industry partners for phased pilot deployment and validation in real-world operations.
MMD group managing director Martin Vorster said: “TraxIQ forms a core component of our intelligent movement portfolio. Our established global footprint and deep domain expertise in material handling and mining integration make us best placed to bring vision to the market.”
In December last year, MMD Australia, a subsidiary of MMD Group, secured a contract to supply an MMD 625 Primary Sizer and MMD 500 Secondary Sizer to Element 25 for the Butcherbird Expansion Project in Western Australia’s (WA) Pilbara region.
This equipment aims to enhance manganese production at the Butcherbird Manganese Mine, a key source of manganese ore in Australia.
The contract reinforces MMD’s position as a provider of mineral sizing solutions for WA’s critical minerals industry.
