MMD Group Limited (“MMD”), a global manufacturer of material sizing and handling systems, has signed an agreement with global mining company Anglo American to transfer the intellectual property rights for TraxIQ to MMD. TraxIQ is a system-level material handling solution, originally developed by the mining company.
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.
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.
“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,” said Martin Vorster, Group Managing Director at MMD Group.