MMD to lead the industrialisation, commercialisation and global deployment of TraxIQ
MMD Group Limited has signed an agreement with global mining company Anglo American to transfer the intellectual property rights for TraxIQ, a system-level material handling solution, originally developed by the mining company, to MMD.
As owner of the TraxIQ IP, MMD will be able to lead the industrialisation, commercialisation and global deployment of TraxIQ, which may also include collaboration opportunities with Anglo American where appropriate, the company says.
MMD said: “With global mineral and metal demand continuing to accelerate, the mining industry is under increasing pressure to manage complexity while adopting new approaches to improve productivity, lower emissions and reduce total cost per tonne. TraxIQ represents an ambitious new model for material handling. Its system-level architecture is designed to support scalable deployment across diverse mining environments, integrating modular vehicle architecture, advanced energy-management strategies and integrated autonomous control systems.”
MMD’s Centre of Excellence in the Isle of Man is working on industrialisation and product development, drawing on its global engineering, manufacturing and materials-handling capabilities. The company will also be working with select industry partners to deliver phased pilot deployment and validation in operational environments.
Martin Vorster, Group Managing Director at MMD Group, said: “TraxIQ forms a core component of our intelligent movement portfolio. Our established global footprint and deep domain expertise in material handling and mining integration, make us best placed to bring vision to the market.”
TraxIQ was launched back in 2023 as an Anglo American Venture that set out with the specific aim of disrupting the status quo in haulage in quarrying and mining. At that point, it was led by Luke Smith, who was Principal, Technology Development at Anglo American, working with other key team members including Anglo American Venture Builder Aljoscha Gleser.
Smith said TraxIQ was making bold progress towards a smarter, safer, more sustainable future for mining and quarrying, as when your trucks aren’t operating, you’re losing money. Its autonomous vehicles will reduce productivity issues and keep profits on track, he said. And whether operations are open pit or underground, greenfield or brownfield, TraxIQ is developing solutions that are scalable. He added: “We’re reimagining mining with modular components, lighter materials and smart technologies. The result will be a green, low-energy solution that protects the environment — and your bottom line.”
Aiming high at twice the efficiency and twice the speed, TraxIQ adds: “Our vision is a future in which CAPEX, OPEX and human error decrease; profit, performance and reliability increase; and nothing stays the same.”
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