The long, dark road to supply Nirvana

This week I attended Aspermont’s Future of Mining Conference in Sydney. Smartly, the conveners of this event held a stream for a whole day on mining equipment, technology and services investment and the start-up tech developers in this area.

The long, dark road to supply Nirvana The long, dark road to supply Nirvana The long, dark road to supply Nirvana The long, dark road to supply Nirvana The long, dark road to supply Nirvana

The reason why not a lot of new technology is applied in mining is that mining companies make it generally very difficult for anyone to do exactly that says Maptek MD Peter Jonnston

I spent most of Tuesday in this stream - listening.

A group of very talented, very experienced and very determined people in the room, from Australia and elsewhere, were solving some very valuable problems in the mining industry.

Sadly, I was not surprised to hear almost all of them cite one of the major difficulties in succeeding as a mining tech start-up was the need to deal with major mining companies as customers.

Maptek is a significantly larger company than most in the room there, and we have some very productive working relationships with big mining companies. However, we work in the same space, and so I get their point.

Large mining companies can be very difficult to do business with.

Unreasonably long payment terms being dictated by th...