Australian mine-blast monitoring technology company Blast Movement Technologies (BMT) has been bought by Sweden’s Hexagon AB for an undisclosed sum.

BMT supplies blast movement measurement technology to the global mining industry. Its technology enables delineation of ore boundaries after blasting in opencast mining.

BMT Chairman Lyle Bruce said Jolimont ran a process to find the best fit and the best price and Hexagon came out on top on both fronts.

The business will continue to be run by BMT CEO Jacques Janse.

Hexagon Mining Division Chief Operations Officer Nick Hare said this was great news for Hexagonon customers.

“The Blast Movement Technologies system is the only one of its type and generates significant profits for customers in every blast at over 120 opencast mines globally,” he said.

“The company is rapidly growing and is becoming standard best practice for opencast mining operations. It will be a highly valuable and complementary addition to our suite of pit-to-plant digital solutions.”

Blasting is a highly variable process and movement of the ore during blasting can cost mines millions of dollars in lost revenue per year from ore loss.  BMT's solution gives users accurate blast information that is used to recover all of a mine's resources, allowing the valuable ore to be sent to the mill, avoiding dilution and misclassification.

Image: Getty Images.