Novamine
Novamine designs, manufactures, and services the KIMBO line of mechanical and hydraulic mining-maintenance equipment that replaces crane-based methods for dump body and shovel maintenance, serving large-scale open-pit copper miners in Chile and expanding into Peru, Australia, DRC, and other markets.
- Company typePrivate
- Founded2018
- HeadquartersAntofagasta, Chile
- Headcount—
- GTM typeB2B
- OfferingHardware or Manufacturing
What Novamine does
Novamine is a privately held Chilean engineering company headquartered in Antofagasta that designs, manufactures, and services the KIMBO line of mechanical and hydraulic mining-maintenance equipment. Its core offering replaces traditional crane-based, suspended-load methods with a 'supported load' architecture, headlined by the KIMBO Dump Body Exchange System — a 6-column adjustable structure that mounts and dismounts haul-truck dump bodies in 1.5-3 hours versus 20-33 hours conventionally — and complemented by the KIMBO Mobile System, the 20-ton-capacity Mobile Mechanical Stand, and the ELP1200 (1,200-ton hydraulic) and ELP2000 (2,000-ton electric) shovel lifting systems used for ring-gear and component replacement on electric and hydraulic mining shovels.
The KIMBO portfolio is protected under Chilean intellectual property law (Law 17336) and utility-model registrations (Law 19039), and the company operates under ISO 9001, ISO 14001, and ISO 45001 certifications. Equipment is custom-engineered to specific OEM platforms (Komatsu, Caterpillar, Hitachi, Terex, Liebherr, P&H, Bucyrus) and is delivered alongside Novamine-provided operator and maintenance training.
NOVAMINE generates revenue through one-time equipment sales (Dump Body Exchange System, Mobile System, Mobile Mechanical Stands, shovel lifting equipment) and recurring professional services (shovel lifting services — over 60 completed across brands — plus customized training). Pricing is quote-based and not publicly disclosed. The customer base is concentrated among Tier-1 Chilean copper miners (BHP's Minera Escondida, Codelco divisions, Antofagasta Minerals' Los Pelambres and Centinela, Lundin Mining's Candelaria, Freeport's El Abra), with active international expansion into Peru, Mexico, USA, Australia, South Africa, and the Democratic Republic of Congo via regional representatives and channel partners (Extreme Excavators, Morco Services).
Novamine firmographics
Firmographics- Name
- Novamine
- Legal name
- Novamine
- Website
- https://novamine.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Short description
- Novamine designs, manufactures, and services the KIMBO line of mechanical and hydraulic mining-maintenance equipment that replaces crane-based methods for dump body and shovel maintenance, serving large-scale open-pit copper miners in Chile and expanding into Peru, Australia, DRC, and other markets.
- Ownership category
- akta.pro rank
Novamine industry classification
Industry- Product category
- Mining Maintenance Equipment
- NAICS
- Mining Machinery and Equipment Manufacturing (333131), Support Activities for Mining (2131)
- SIC
- Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532)
- akta.pro primary industry
- Surface Mining Equipment (Excavators, Shovels, Draglines, Dozers) (IMAKANAA)
- akta.pro secondary industries
- Mine Operations Contracting (Open-Pit & Underground Development, Production, Load/Haul) (IMAKAKAD), Mining & Quarry Haulage Vehicle Manufacturing (Dump Trucks/Haulers) (IMACAFAC)
Keywords
Where Novamine is headquartered
LocationHeadquarters
- HQ city
- Antofagasta
- HQ country
- Chile
- HQ region
- Latin America
Offices4 records
Markets served
Novamine business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Supply Chain, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Equipment Sales: Sale of KIMBO product line including Dump Body Exchange System, Mobile Systems, Mobile Mechanical Stands, and Shovel Lifting Equipment. Equipment is custom-engineered for specific mining equipment brands and models.
- Equipment Maintenance Services: Specialized training courses for operators and supervisors covering KIMBO equipment operation, maintenance, and troubleshooting. Customized on-site training at client facilities.
- Shovel Lifting Services: Electric and hydraulic shovel lifting services performed by Novamine technicians. Over 60 electric shovel lifting services completed across different brands and models in Chile and abroad.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Novamine product offering
Product offeringCore offering
Novamine designs, manufactures, and sells engineered lifting and maintenance equipment for large-scale open-pit mining operations. Its KIMBO product line replaces traditional crane-based suspended load methods for dump body replacement and shovel maintenance, using a supported-load working method that reduces replacement time from 20-33 hours to 1.5-3 hours. The company also offers specialized training services for operators and maintenance technicians at client mining sites.
Product overview
Novamine offers the KIMBO line of innovative mining maintenance solutions, comprising four core mechanical/hydraulic products: the KIMBO Dump Body Exchange System (6-column adjustable structure for dump body replacement), the KIMBO Mobile System (hydraulic stands for loading/unloading dump bodies from trucks), the KIMBO Mobile Mechanical Stand (support stands with 20-ton capacity), and shovel lifting equipment (ELP1200 for hydraulic shovels and ELP2000 for electric shovels). These products share a common 'Supported Load Working Method' philosophy that eliminates the traditional suspended-load crane method, improving safety and efficiency. The portfolio is complemented by specialized training services for operators and maintenance technicians.
Differentiator
Problem solved
Functional benefit
Brands
- KIMBO: Product line specializing in dump body maintenance and servicing solutions, including the Dump Body Exchange System, Mobile System, and Mobile Mechanical Stands for mining operations.
Quantifiable outcome
- Reduces dump body replacement time from 20-33 hours to 1.5-3 hours
- +5 more outcomes
Companies that use Novamine
Customer profileNamed customers14 records
Segments1 record
Ideal customer profiles1 record
Novamine technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Novamine partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core, major and minor.
- Extreme ExcavatorscoreLocal partner in Australia for QME 2026 exhibition. Extreme Excavators represents Novamine locally for showcasing the KIMBO Dump Body Exchange System in the Australian mining market.
- Minnovex AGmajorOrganized MINING TECH 2026 Trade Mission in Peru, connecting technology suppliers and mining companies. Initiative to strengthen ties between Chilean technology providers and Peruvian mining operations.
- ProChile PerúmajorGovernment trade promotion organization that organized MINING TECH 2026 Trade Mission in Peru alongside Minnovex AG. Fostering dialogue spaces for progress toward safe and efficient mining operations.
- Morco ServicescoreStrategic alliance for introducing KIMBO hydraulic lifting solutions in the Democratic Republic of Congo. This collaboration arose from an initial meeting at IMARC 2024 and was led by Operations Manager Manuel Schmitt. The agreement represents a significant milestone in Novamine's international expansion process in Africa.
- Asociación de Industriales de AntofagastamajorFormalized agreement at Exponor 2026 Australia Chile Networking Night. Partnership to strengthen local industry connections and support Novamine's market presence in Antofagasta region.
- AusCham (Australian Chilean Chamber of Commerce)majorAusCham helps connect the industry with cutting-edge solutions that drive operational efficiency, sustainability, and safer mining practices. Provided networking opportunity at Australia Chile Networking Night at Exponor 2026.
- AndesMETSmajorStrategic partner helping connect the industry with cutting-edge mining solutions that drive operational efficiency, sustainability, and safer mining practices.
- Fundación Minera Escondida | BHPmajorNovamine participates in the Nuevos Tesoros program for 3 years, connecting development of local talent with real needs of the mining value chain. Administration and Finance Deputy Manager Nicolás Valencia Veas participated in supplier meeting panel on workforce development.
- Talento LocalminorPartner in collaborative initiatives creating training and employment opportunities in the Antofagasta Region, strengthening local talent.
- Dos BarbasminorPartner in collaborative initiatives creating training and employment opportunities in the Antofagasta Region.
- GOLD FIELDSmajorCorporate Breakfast organized by Chilean South African Chamber of Industry, Commerce and Tourism (CCHISA) with GOLD FIELDS to discuss challenges and projections of the Salares Norte operation and opening new collaboration opportunities.
- CCHISA (Chilean South African Chamber of Industry, Commerce and Tourism)minorBilateral chamber organizing corporate breakfasts connecting mining companies with suppliers and technology providers.
Scale indicators5 records
Recent moves7 records
Expansion highlights5 records
Novamine competitors and assessment
Company assessmentBroad incumbents
- Komatsu: Major OEM of ultra-class mining trucks (930E series) and hydraulic shovels (PC5500, PC8000) — explicitly listed as compatible equipment for Novamine's ELP1200. Same dual dynamic as Caterpillar: indirect enabler and potential bundled-solution competitor.
- Caterpillar: Largest OEM of ultra-class mining trucks (CAT 793 series) and electric rope shovels (via Bucyrus acquisition). Novamine's KIMBO system explicitly supports CAT equipment; Caterpillar is both an indirect enabler and a potential competitor if it bundles maintenance lifting solutions.
- Liebherr: OEM of large mining trucks and hydraulic mining shovels (Liebherr 996 is listed as compatible with KIMBO's ELP1200). Comparable as an incumbent mining equipment manufacturer with overlapping customer base but a much broader portfolio than Novamine.
- Hitachi Construction Machinery: OEM of large hydraulic mining excavators (EX5600 listed as compatible with Novamine's ELP1200). A broad incumbent serving the same large-scale mining fleet owners globally.
- Terex Corporation (Mining): Manufacturer of mining equipment including rigid haul trucks (Terex TR series) and previously hydraulic shovels (RH200 — explicitly listed as compatible with KIMBO's ELP1200). Broad incumbent with overlapping installed base.
Direct peers
- Philippi-Hagenbuch: Designs and manufactures custom bodies, lifting, and maintenance equipment for off-highway haul trucks used in mining and quarrying. Comparable in targeting the dump body and truck maintenance workflow that KIMBO serves.
- Dux Machinery: Manufactures truck lifting systems and specialized lifting equipment for heavy mining trucks. Direct competitor in the niche of crane-free, supported-load maintenance methods for ultra-class haul trucks — the exact category KIMBO competes in.
- P&H Mining Equipment: Manufacturer of electric mining shovels (P&H 4100A, 4100XPC) that the ELP2000 KIMBO system is purpose-built to service. Direct counterparty relationship — P&H shovels are explicitly listed as compatible equipment for Novamine's ELP2000.
Emerging players
- RDH Mining Equipment: Specialty manufacturer of mining equipment including scooptrams and underground support equipment, with growing presence in narrow-vein and niche surface mining applications. Comparable as an emerging specialty mining OEM targeting specific maintenance and operational use cases.
- MacLean Engineering: Specialty manufacturer of mining support and maintenance equipment (ground support, utility vehicles, shotcrete systems). Comparable as a focused, niche mining-equipment OEM serving underground and surface mining operators globally.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Novamine social profiles
Digital presenceNovamine compliance and trust
Trust signalCompliance3 records
Novamine financial estimates
Financial estimateRevenue estimate
Valuation estimate
Novamine leadership team
Management profileNumber of profiles
Profiles4 records
Novamine funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Novamine M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Novamine
What does Novamine do?
Novamine designs, manufactures, and sells engineered lifting and maintenance equipment for large-scale open-pit mining operations. Its KIMBO product line replaces traditional crane-based suspended load methods for dump body replacement and shovel maintenance, using a supported-load working method that reduces replacement time from 20-33 hours to 1.5-3 hours. The company also offers specialized training services for operators and maintenance technicians at client mining sites.
Is Novamine a public or private company?
Novamine is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Novamine founded?
Novamine was founded in 2018.
Where is Novamine based?
Novamine is headquartered in Antofagasta, Chile, in the Latin America region.
How does Novamine make money?
Three revenue lines are on record. Equipment Sales are the primary driver. The others are equipment Maintenance Services and shovel Lifting Services.
Who are Novamine's main competitors?
Broad incumbents on record are Komatsu, Caterpillar, Liebherr, Hitachi Construction Machinery and Terex Corporation (Mining). Direct peers are Philippi-Hagenbuch, Dux Machinery and P&H Mining Equipment. Emerging players are RDH Mining Equipment and MacLean Engineering.
Does Novamine have an API?
No public API is recorded for Novamine.
What industry is Novamine in?
Novamine's product category is Mining Maintenance Equipment. Its primary akta.pro industry code is IMAKANAA, Surface Mining Equipment (Excavators, Shovels, Draglines, Dozers), with a secondary code of IMAKAKAD, Mine Operations Contracting (Open-Pit & Underground Development, Production, Load/Haul). Its NAICS code is 333131 and its SIC code is 3532.