What MineSense Technologies does

MineSense Technologies Ltd. is a Vancouver, British Columbia-based digital mining solutions company founded in 2008 that develops sensor-based ore sorting and real-time grade estimation technology for large-scale mining operations. The company primarily serves Tier-1 open-pit and underground copper mining operators, with publicly named deployments at Teck Resources' Highland Valley Copper, Newmont's Red Chris, Capstone Copper's Mantos Blancos, New Gold's New Afton, Hudbay Minerals' Constancia, and the Antamina joint venture, and operates 32 systems across 16 mines globally.

MineSense's core offerings are ShovelSense and BeltSense. ShovelSense is a bucket-mounted X-ray fluorescence (XRF) sensor system that scans the mineral content of each shovel or loader bucket in real time during the dig cycle, delivering per-bucket ore grade and material classification data that integrates with Fleet Management Systems to enable automated truck routing without operator intervention. BeltSense is a conveyor-mounted XRF system that provides downstream mine-to-mill grade data via DCS API integration. Both systems feed a cloud-based Data Portal and Client Portal providing 3D ore body visualizations, spatial grade tracking, and system availability dashboards. Machine learning algorithms are developed specifically for each ore body and continuously monitored by data scientists in a 24/7 Data Support Center.

MineSense operates an enterprise B2B field sales model, selling combined hardware and software systems with associated support, monitoring, and data analytics services. Revenue is generated through system deployment plus recurring support and analytics engagements, although specific contract structures are not publicly disclosed. The company runs direct enterprise sales globally with regional offices in Santiago, Chile and Lima, Peru, complemented by technology partnerships (notably with Komatsu's Modular Mining Systems for Fleet Management System integration) and marketing via industry events, webinars, and customer case studies. The company is venture-backed, having closed a $42 million Series E in December 2022 led by J.P. Morgan Asset Management and Evok Innovations.

Name

MineSense Technologies

Legal name

MineSense Technologies Ltd.

Website

https://minesense.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

101–250 employees

Short description

MineSense Technologies develops XRF sensor-based ore sorting systems (ShovelSense and BeltSense) that deliver real-time bucket-level ore grade classification and automated truck routing for large-scale copper mining operations, supported by cloud analytics and machine learning.

Ownership category

akta.pro rank

Product category

Mining Sensor Technology

NAICS

Mining Machinery and Equipment Manufacturing (333131), Support Activities for Mining (213)

SIC

Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), X-Ray Apparatus & Tubes & Related Irradiation Apparatus (3844), Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Mining Automation, Telematics & Fleet Management Systems (IMAKANAK)

akta.pro secondary industries

Mine Surveying & Geospatial Services (Survey, Drone/LiDAR, GIS, Grade Control) (IMAKAKAK), Surface Mining Equipment (Excavators, Shovels, Draglines, Dozers) (IMAKANAA)

Keywords

• Sensor-based ore sorting
• Real-time grade estimation
• XRF mineral sensing
• Mine-to-mill optimization
• Mining data analytics

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales, Supply Chain

Revenue model

1. Hardware and Software Systems: MineSense generates revenue through the sale and deployment of its proprietary ShovelSense and BeltSense hardware systems, along with associated software licenses, data analytics services, and ongoing technical support. The company provides complete solutions including installation, commissioning, and 24/7 monitoring services to mining operations globally.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

MineSense Technologies develops and deploys proprietary X-ray fluorescence (XRF) sensor hardware systems (ShovelSense on shovels/loaders and BeltSense on conveyors) combined with machine learning algorithms and a cloud-based data analytics platform to deliver real-time, bucket-level ore grade and material classification at the mine face. The company sells complete hardware/software solutions including installation, commissioning, and 24/7 remote monitoring services to large-scale mining operators, with outputs feeding Fleet Management Systems for automated truck routing decisions.

Product overview

MineSense Technologies is a digital mining solutions provider offering a two-product sensor-based ore sorting and data analytics platform. Its flagship product, ShovelSense, is an XRF-based at-the-face sensing system mounted on mining equipment (shovels, excavators, loaders) that delivers real-time bucket-level ore grade and material classification for automated truck routing. BeltSense is a companion conveyor-belt sensor that extends the same XRF technology to downstream conveyors, feeding real-time grade data to plant DCS for mine-to-mill process control. Both products feed into the MineSense Data Portal and Client Portal, which provide interactive reporting, 3D ore body visualizations, and system monitoring. The platform is grounded in machine learning algorithms optimized per ore body and supports Fleet Management System (FMS) integration. MineSense was founded in 2008, is headquartered in Vancouver, BC, Canada, and operates 32 systems at 16 mines globally.

Differentiator

Problem solved

Functional benefit

Brands

• ShovelSense: Real-time, sensor-based ore sorting technology using X-ray fluorescence (XRF) sensors installed on mining equipment to measure and classify ore grade at the bucket level.
• BeltSense

Products and services

• ShovelSense X-ray fluorescence (XRF) sensor system installed on mining equipment (cable shovels, hydraulic excavators, front-end loaders) that scans and measures mineral content of each bucket in real time during the dig cycle. Provides ore grade and material classification for automated truck routing decisions at the extraction face, targeted at large-scale copper and polymetallic mining operators.
• BeltSense XRF-based conveyor-belt sensor system that scans mineral content on downstream conveyors to assess grade and ore characteristics independent of belt speed or throughput. Pairs with ShovelSense to provide mine-to-mill data continuity and feeds real-time grade data to the plant Distributed Control System (DCS) via API for downstream process control of reagents, water, and energy, targeted at mining operators seeking mine-to-mill optimization.
• Client Portal Secure cloud-based interactive reporting tool providing full access to operational and material classification data produced by ShovelSense and BeltSense. Includes real-time and historical spatial grade data, bucket fill profiles, system availability status, and spare parts inventory with replacement alerts, used by mining operations and maintenance teams to monitor ShovelSense/BeltSense systems.
• MineSense Data Portal Cloud-based digital platform that unlocks real-time insights from ShovelSense and BeltSense for mine-to-mill material tracking. Features real-time grade tracking from digger buckets, trucks, and conveyor belts; summaries of truck redirections; 3D visualizations of bucket and truck grades; and an ore tracking dashboard for mill process optimization, targeted at mining operations, planning, and processing teams.

Quantifiable outcome

• 18.1% increase in ore produced at Newmont Red Chris mine, converting 1.6MT of waste-classified material to ore
• +4 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability5 records

Feature6 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Komatsu's Modular Mining SystemscoreTechnology or IntegrationCollaboration agreement to integrate ShovelSense data with Modular's DISPATCH Fleet Management and ProVision Machine Guidance systems. Enables automated real-time truck re-routing notifications when ShovelSense identifies material mismatches. Part of Modular Ecosystem partnership program.
• International MiningminorGTM or Marketing PartnerMedia partnership for webinar series focused on unlocking new orebody knowledge at the mine face. Jointly present educational content featuring MineSense technology and customer case studies.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• STEINERT: STEINERT is a global leader in sensor-based ore sorting using X-ray, infrared, and other sensing technologies. It is the closest direct competitor to MineSense, both companies deploy XRF/XRT-based sorting systems into mining operations to upgrade ore pre-processing and reduce waste dilution.
• TOMRA: TOMRA's mining division provides sensor-based ore sorting systems (XRT, XRF, laser) for mineral processing. While TOMRA is best known for recycling sorting, its mining segment directly competes with MineSense's bulk sensor-based sorting offering for hard-rock mining applications.

Broad incumbents

• Metso: Metso (formerly Metso Outotec) is a broad incumbent in mining and minerals processing equipment, including crushing, screening, and sensor-based ore sorting through its portfolio. Comparable because Metso offers overlapping bulk-material handling and mineral processing capabilities that compete with MineSense's mine-to-mill value proposition.
• Komatsu (Modular Mining Systems): Komatsu owns Modular Mining Systems, the fleet management platform MineSense integrates with for automated truck routing. It is both a partner and a potential competitor given Komatsu's broader autonomous mining equipment and FrontRunner autonomous haulage programs.
• Caterpillar (Cat MineStar / Cat Ventures): Caterpillar is a major mining equipment OEM and an investor in MineSense. Its Cat MineStar Command for hauling and emerging autonomy capabilities create a competing route to mine automation and real-time operational intelligence comparable to MineSense's offering.
• Sandvik Mining and Rock Solutions: Sandvik provides mining equipment, drilling solutions, and digital mining tools (e.g., OptiMine, AutoMine). It is comparable as a broad mining-tech incumbent with overlapping automation, sensing, and digital offerings targeting large-scale mining customers similar to MineSense's.
• Hexagon Mining: Hexagon's mining division provides fleet management, mine planning, and autonomous solutions (HxGN MineOperate, MinePlan). It competes in the same enterprise mining software/automation market where MineSense is establishing position with its data platform and FMS integrations.
• ABB Mining: ABB provides mining automation, electrification, and digital solutions including gearless mill drives and plant control systems. ABB Ventures is also a MineSense investor. ABB is comparable as an incumbent automation supplier to large mines that competes for the same digital-mining budget as MineSense.

Emerging players

• Redwave (BT-Wolfgang Binder): Redwave provides sensor-based sorting solutions for mining and recycling applications, including XRF-based ore sorting. It is a smaller, more focused competitor than STEINERT or TOMRA but directly comparable in sensor-sorting technology and target mining customers.
• Maptek: Maptek provides 3D ore body modeling, mine planning, and geological visualization software used by major miners. It is comparable to MineSense as a digital mining-tech vendor selling into the same enterprise mining customers, though Maptek's focus is upstream planning versus MineSense's at-the-face sensing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/minesensetech
• YouTubeyoutube.com/@minesensetechnologiesltd.2496
• LinkedInlinkedin.com/company/minesense-technologies-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds14 records

Investors14 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MineSense Technologies