Process IQ

What Process IQ does

Process IQ is a privately held Australian mining-technology company founded in 2012 and headquartered in Perth, Western Australia, operating with a headcount of 11-50 employees. Per the firmographic record, the company offers cloud computing, data analytics, measurement, and control solutions to the mining industry. Its website (processiq.com.au) anchors an enterprise-oriented engagement model targeting mining operators that require integrated process optimisation across milling, flotation, and leaching circuits. Specific product, customer, and partnership detail for Process IQ itself is sparse in the aggregated corpus; remaining detail below is drawn from the broader mining-technology ecosystem the corpus references (a related Molycop brand under Tega Industries) and may not all directly describe Process IQ.

The aggregated corpus describes a portfolio of smart instrumentation products for ball, SAG, and cement mills; level and process probes; and AI-based process characterisation technologies delivered as a multi-variant suite. Smart Process Control systems provide real-time monitoring and automated adjustments for milling, flotation, and leaching, supported by a data visualisation and analysis platform. Consulting services span milling circuit optimisation, gold leach kinetics, flotation circuit optimisation, and mine start-up support, delivered through direct enterprise engagement rather than self-serve channels.

The commercial model is not explicitly disclosed for Process IQ. Pricing is described in the aggregated corpus as project-specific and quote-based, with multi-year enterprise contracts and a mix of one-time instrumentation sales, recurring analytics subscriptions, hardware sales for control systems, and professional services. With no disclosed revenue, customer count, or funding history in the input, any estimate of Process IQ's commercial scale is necessarily low-confidence and based only on its 11-50 employee footprint and 12+ years of operating history.

Name

Process IQ

Legal name

Molycop

Website

https://processiq.com.au

Company type

Private

Founded year

1919

Operating status

Operating

Headcount range

11–50 employees

Short description

Process IQ is a privately held Perth-based mining technology company founded in 2012 that delivers cloud computing, data analytics, measurement, and control solutions to mining industry operators in Australia and globally.

Ownership category

akta.pro rank

Product category

Mining Process Optimisation Software & Instrumentation

NAICS

Mining Machinery and Equipment Manufacturing (333131), Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables (334513), Analytical Laboratory Instrument Manufacturing (334516)

SIC

Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), Construction, Mining & Materials Handling Machinery & Equip (3530), Laboratory Analytical Instruments (3826)

akta.pro primary industry

Mining Automation, Telematics & Fleet Management Systems (IMAKANAK)

akta.pro secondary industries

Process Mining, Predictive Process Analytics & Automation Intelligence (HDAAAHAJ), Grinding & Milling Equipment (IMAHAMAF)

Keywords

• Mining process optimisation
• Smart process control
• Industrial data analytics
• Measurement instrumentation
• Mineral processing consulting

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices12 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Consumables Sales: Sale of grinding media (balls, rods, SAG balls, cylpebs, ceramic balls), bolts, and chemicals (frothers, collectors, modifiers) for mineral processing operations.
2. Smart Instrumentation & Analytics: Sale and service of measurement and analytics products including MillSlicer, LTM Level Probe, Cynoprobe, C2 Meter, and analytics platforms. Provides ongoing support and software updates.
3. Smart Process Control Systems: Implementation and maintenance of control systems (StarCS, MillStar, FloatStar, LeachStar) for mineral processing optimisation.
4. Consulting & Training Services: Professional services including MillROC consulting, milling circuit optimisation, gold leach kinetics, flotation circuit optimisation, and mine start-up services. Training programs include tailored courses and on-demand education.
5. Engineered Products: Sale of engineered products including rail wheels (heavy haul, passenger), axles, track wheels and gear blanks, and anode pins.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core offering

Process IQ provides cloud computing, data analytics, measurement, and control solutions to the mining industry. Its product portfolio combines smart instrumentation (MillSlicer, LTM Level Probe, Cynoprobe, C2 Meter), AI-based process characterisation (OreVia suite), smart process control systems (StarCS, MillStar, FloatStar, LeachStar), analytics platforms (Molycop VIP, Molycop Tools), consulting services (MillROC, milling/flotation/leach optimisation, mine start-up), grinding media and chemicals consumables, and engineered products (rail wheels, axles, anode pins) for mineral processing operations.

Product overview

Molycop is a global leader in mining consumables, instrumentation, process control and analytics with an integrated process optimisation approach. The company's offerings span five main categories: Consumables (grinding media under Molycop and Sabo brands, bolts, and processing chemicals), Measurement & Analytics (smart instrumentation including MillSlicer, LTM Level Probe, Cynoprobe, C2 Meter; OreVia AI-based process characterisation suite with Rock/Slurry/Froth variants; and analytics platforms including Molycop VIP Platform and Molycop Tools), Control (Smart Process Control systems via partnership with Mintek featuring StarCS, MillStar, FloatStar, and LeachStar), Consulting & Training (MillROC, Milling Circuit Optimisation, Gold Leach Kinetics, Flotation Circuit Optimisation, and Mine Start-up Services), and Engineered products (rail wheels, axles, track wheels and gear blanks, anode pins). The process optimisation portfolio combines consumables, smart instrumentation, state-of-the-art OreVia AI technology, data visualisation through Molycop VIP/Tools, expert consulting, and comprehensive support to maximise recovery and minimise costs.

Differentiator

Problem solved

Functional benefit

Brands

• Molycop VIP: Analytics platform offering powerful data visualisation and analysis capabilities for mineral processing operations.
• Molycop Tools
• MillSlicer
• OreVia
• MillStar
• FloatStar
• LeachStar
• StarCS
• MillROC
• Sabo

Products and services

• OreVia

Quantifiable outcome

• 27% sustainable increase in throughput achieved in 8 months at Edikan Gold Mine
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability3 records

Feature4 records

Partnerships

One partnership is on record.

• MintekcoreStrategic or Co-development PartnerMolycop partners with Mintek, a specialist research organisation in mineral processing and extractive metallurgy, to design, commission and implement Smart Process Control systems. Mintek provides the StarCS suite including MillStar, FloatStar, LeachStar and FurnStar systems for real-time monitoring and automated process optimisation.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• ABB: Industrial automation and process-control giant with deep mining industry penetration (ABB Ability, advanced process control for grinding/flotation). A broad incumbent whose mining-specific solutions overlap materially with Molycop's automation stack.
• Siemens: Industrial automation leader whose process industries and digital industries units serve mining customers with control, analytics, and digital twin offerings (COMOS, Xcelerator). Comparable as a broad automation incumbent pushing into mining-specific use cases.
• Rockwell Automation: Global industrial automation and software provider (FactoryTalk, PlantPAx) increasingly serving mining and heavy industry. Adjacent competitor in control systems and analytics for mineral processing.
• Honeywell Process Solutions: Large industrial process-control vendor (Experion, Forge) targeting mining and metals customers. Overlaps with Molycop's process-control and analytics layer as a broad incumbent with significant scale advantages.

Direct peers

• Multotec: South African specialist in mineral processing equipment (cyclones, screening, flotation) with a strong African mining footprint. Direct peer in serving milling and flotation customers, though with a more equipment-centric mix.
• Weir Minerals: Specialist mining and minerals processing equipment provider (mill liners, pumps, cyclones) with complementary digital offerings. Closely comparable to Molycop in serving grinding and comminution customers globally.
• Derrick Corporation: Manufacturer of fine screening and separation equipment used extensively in mineral processing plants. Comparable as a specialised supplier to milling and classification circuits in mining operations.
• Metso: Global mining and aggregates equipment OEM with an increasingly broad digital and process-optimization portfolio (Metso Metrics, etc.). Direct overlap with Molycop's instrumentation, control, and consumables offerings across milling and flotation circuits.
• FLSmidth: Major supplier of mining and cement processing equipment with growing digital/process-control offerings (ECS/ProcessExpert). Competes head-to-head with Molycop's StarCS and MillStar in milling and flotation circuit optimisation.

Emerging players

• Hexagon Mining: Mining-focused division of Hexagon offering fleet management, mine planning, and operational technology. Comparable as a digital/technology vendor to mining operators but with greater emphasis on mine planning and fleet rather than mineral processing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@molycop
• LinkedInlinkedin.com/company/process-iq
• Xx.com/processiq_au

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 Process IQ