Boart Longyear Group Ltd., a West Valley City-based mining service company, has announced that its Geological Data Services division will now operate as a separate company called Veracio, also to be based in Utah. The company said Veracio will combine science and digital technologies in a single, integrated platform and help mining companies get more value from their orebody data faster, while mitigating the environmental impact of their decisions.
Veracio will be led by newly appointed CEO JT (John) Clark, a long-time growth leader in mining technology. Clark was most recently a managing director and partner at Boston Consulting Group (BCG), where he led the Global Mining Practice and built Phosa, BCG’s AI solution for mineral processing.
The Veracio leadership team also includes Mike Ravella, the founder of Boart Longyear’s Geological Data Services division, who assumes the role of chief innovation officer. Jeff Olsen, Boart Longyear’s CEO, will be Veracio’s chairman.
“Veracio’s technologies and platform, the result of a decade of testing and development in sensing, automation, and artificial intelligence (AI) technologies, empowers miners to dig deeper into data, accelerating exploration and making better decisions that result in economically efficient operations and reduced waste,” Boart Longyear said. Veracio will be powered by Boart Longyear’s Geological Data Services integrated technology platform, providing speed and sustainability to orebody science.
“We utilize our mine-ready tools to capture differentiated data about the Earth and its minerals and leverage cutting-edge AI to enable our clients to make their most critical decisions faster, with better information,” said Clark. “Our mission is to help miners set a new bar for productivity and efficiency while improving their environmental stewardship.”
“The mining industry must rapidly redefine how it finds and processes orebodies,” said Ravella. “From our hands-on experience in mineral exploration and mining, we know solving this problem requires investing in geological science and creating practical tools powered by AI to empower a deeper understanding of the orebody which will drive mining efficiency. Veracio combines a century of expertise with cutting-edge innovation to deliver on this vision.”
Founded in 1890, Boart Longyear now employs over 5,300 worldwide.