LMING

What LMING does

LMING is a Chilean engineering consultancy founded in 2000 by Luis Magne that specializes in optimization of SAG (Semi-Autogenous Grinding) mill operations for large-scale mining companies in Chile and Peru. The company's core service portfolio covers process evaluation and optimization, simulation and design of grinding plants, engineering studies, and commissioning advisory, delivered through six practice areas: DEM, SPH, FEM simulations, JKSimMet-based circuit modeling, and proprietary FlowMill software for pulp flow simulation. It holds two granted patents — the Ball Scrap Analyzer (2017-0574) and the Scrap Separation System (2018-0467) — that extend its offering beyond advisory into hardware IP for SAG mill pebbles circuits.

LMING's go-to-market is enterprise field sales targeted at the operations and metallurgical teams of major mining operators, supplemented by event-driven demand generation including the Workshop de Molienda de Minerales and participation in EXPOMINA Peru and Revemol. The company serves an enterprise-only customer base spanning 48+ named logos across CODELCO's four major divisions, BHP's Escondida, Glencore's Collahuasi, Anglo American's El Soldado, Antofagasta Minerals, Hudbay's Constancia, Teck, and others. Revenue is generated via quote-based professional-services engagements — consulting studies, simulations, startup advisory, and training — with no disclosed pricing, retainers, or ARR. Geographic footprint is two countries: Chile (Santiago headquarters in Las Condes) and Peru (Lima commercial office in San Isidro, opened 2018 with dedicated representation).

Strategically, LMING has pursued incremental expansion through institutional partnerships (Minnovex AG membership in 2018, ProChile support in 2019) and the GMI4 joint venture with Smartdici and Infotic in April 2019, which targets medium-sized mining operators with integrated digital information and sensing systems — a new customer segment adjacent to its core large-mining practice. The operating model is founder-led, boutique, and IP-augmented: a small specialized team with deep metallurgical credentials delivers high-value, project-based advisory supplemented by patented hardware and proprietary simulation tooling.

Name

LMING

Legal name

LMING

Website

https://lming.pe

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

1–10 employees

Short description

LMING is a Chilean engineering consultancy founded in 2000 that delivers SAG mill optimization, simulation (DEM/SPH/FEM), and process advisory services to large-scale copper miners in Chile and Peru. It serves 48+ enterprise clients including CODELCO divisions, BHP, Glencore, and Anglo American via its Santiago HQ and 2018 Lima office.

Ownership category

akta.pro rank

Headquarters

HQ city

Santiago

HQ country

Chile

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Engineering Consulting Services: Specialized advisory services for plant concentrator processes including process evaluation, optimization, SAG mill simulation and design, engineering studies, component design supported by simulations, and start-up advisory for mining operations.
2. Training Services: Specialized training programs for mining company personnel covering SAG milling, operational practices, maintenance, and processing concepts.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

LMING is an engineering consultancy providing specialized advisory services for mining companies, focused on SAG grinding plant optimization and concentrator plant processes. The company delivers process evaluation and optimization, simulation and design of grinding plants using proprietary FlowMill software (SPH-based) and JKSimMet, engineering studies, DEM/FEM/SPH simulation services, and startup advisory. Two patented technologies (Ball Scrap Analyzer and Scrap Separation System) complement the service portfolio.

Product overview

LMING is an engineering consulting company offering specialized services for the mining industry, particularly focused on SAG grinding plant optimization. The company provides a unified portfolio of services including process evaluation and optimization, SAG mill simulation and design, engineering studies, and component design supported by DEM, SPH, and FEM simulations. The core offerings include proprietary methodologies like FlowMill for SPH-based simulations and JKSimMet for circuit modeling, complemented by two patented technology products: the Ball Scrap Analyzer and the Scrap Separation System for electromagnet-based ball and magnetite recovery from pebbles.

Differentiator

Problem solved

Functional benefit

Products and services

• Evaluación y Optimización de Procesos (Process Evaluation and Optimization) Consulting service for evaluating and optimizing mining processing operations, including SAG grinding, conventional grinding, flotation, and tailings processes. Uses data analysis methodologies to identify bottlenecks and improve efficiency.
• Simulación y Diseño de Plantas de Molienda SAG (SAG Grinding Plant Simulation and Design)
• Estudios de Ingeniería (Engineering Studies)
• Estudios DEM (Discrete Element Method Studies)
• Estudios SPH (Smoothed Particle Hydrodynamics Studies)
• Estudios FEM (Finite Element Method Studies)
• Ball Scrap Analyzer (Patent N° 2017-0574) Patent-protected technology product (Patente N° 2017-0574) for characterizing scrap balls exiting SAG mills, determining flow, sizes, and shapes.
• Scrap Separation System (Patent N° 2018-0467) Patent-protected technology product (Patente N° 2018-0467) for separating scrap balls and magnetite from SAG mill pebbles captured by electromagnet.
• Asesoría en Puesta en Marcha (Startup Advisory)
• Capacitaciones y Asesorías (Training and Advisory Services)

Quantifiable outcome

• Process efficiency increases of 1.5 to 5%
• +1 more outcomes

Named customers19 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

Feature4 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Minnovex AG - Participation in SummitminorStrategic or Co-development Partner · 25 September 2019LMING participated in the first 'Cumbre de Socios Minnovex' in September 2019, where 29 companies including startups and research centers (AMTC, Csiro Chile, IIT Universidad de Concepción) gathered to explore collaboration opportunities. LMING was represented by Operations Manager Gilda Titichoca.
• ProChilecoreGTM or Marketing Partner · 20 August 2019Chilean trade promotion agency supporting LMING's internationalization into Peru. ProChile provides promotional tools, international services, commercial missions, business matchmaking and support for market entry including legal and tax advisory through their Lima commercial office.
• SmartdicicoreStrategic or Co-development Partner · 23 April 2019Partner in joint venture GMI4 for 'Sistemas Integrados para Procesos Productivos de la Mediana Minería' (Integrated Systems for Medium Mining Productive Processes). Smartdici contributes geoespacial tools, artificial intelligence and automation expertise.
• InfoticcoreStrategic or Co-development Partner · 23 April 2019Partner in joint venture GMI4 for 'Sistemas Integrados para Procesos Productivos de la Mediana Minería'. Infotic contributes product development and software expertise in informatics, telecommunications and electronics.
• Minnovex AG (Asociación Gremial de empresas para la innovación y la exportación)coreStrategic or Co-development Partner · 27 September 2018LMING joined Minnovex in 2018, a gremial association of technology providers for mining that promotes collaborative work with mining companies to address complex challenges. The association includes approximately 30 companies focused on innovation and developing disruptive solutions for strategic challenges in the mining industry.
• GMI4 (Joint Venture with Smartdici and Infotic)coreStrategic or Co-development PartnerJoint venture formed to develop two projects for medium mining: 'Implementación de Sistemas de Información Digital para la Mediana Minería' and 'Implementación de Sistemas de Sensado y Electrónica Inteligente para la Mediana Minería', addressing technology gaps in medium-sized Chilean mining operations.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Ausenco: Global engineering firm with a dedicated minerals & metals practice serving copper and gold miners in the Americas. Comparable to LMING in the mining process engineering and studies segment, though at much larger scale and broader scope.
• Wood PLC: International engineering and consulting firm serving mining and metals clients with process, project, and consulting services. Comparable to LMING in mining process engineering advisory, particularly for studies and optimization engagements.
• Tetra Tech: Global consulting and engineering firm with a mining group serving base and precious metals clients. Comparable to LMING in providing technical advisory and engineering studies to mid- and large-scale miners, particularly in the Americas.
• FLSmidth: Global mining equipment OEM whose comminution portfolio includes SAG mills and adjacent process optimization services. Comparable to LMING because it overlaps on SAG mill design, simulation, and lifecycle service offerings, and increasingly bundles consulting-style optimization with equipment sales.
• Metso: Major mining equipment OEM with significant SAG/AG mill installed base and an expanding services and digital optimization portfolio. Comparable to LMING as a competitor and potential partner for grinding-circuit optimization work in Chile and Peru.
• Hatch: International engineering consultancy with deep mining and metals practice, including grinding, comminution, and concentrator plant work. Comparable to LMING in process engineering and optimization services, but operating globally across multiple commodities and disciplines.
• WSP (including Golder): Global engineering consultancy with a large mining practice covering geotechnical, environmental, and process work for major miners. Comparable to LMING in providing technical advisory to the same tier-1 Chilean and Peruvian mining customers, though with far broader scope.
• SRK Consulting: Global mining consultancy offering geological, geotechnical, and process engineering services to the same large mining operators as LMING. Comparable as a high-end independent advisory firm serving tier-1 miners, though much broader in scope than LMING's SAG mill focus.
• AMEC (Amec Foster Wheeler, now part of Wood): Legacy mining engineering consultancy (now integrated into Wood) historically competing in concentrator plant and comminution studies in Latin America. Comparable to LMING as a historical competitor in copper concentrator engineering studies for Chilean and Peruvian miners.

Regional players

• Anddes Asociados: Peruvian engineering consultancy providing multi-disciplinary services to the mining sector, with strong presence among mid- and large-scale Andean miners. Directly comparable to LMING in that it competes for the same Latin American mining engineering advisory work, particularly in Peru.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lming

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 LMING