BHP has extended its one-year contract with K2fly to a further three years following successful deployment of its ground disturbance solution at BHP’s Western Australian iron ore (WAIO) operations.
The three-year contract has a total contract value of $1.99 million and annual recurring revenue of $664,000.
BHP’s WAIO is an integrated system of four processing hubs and five mining hubs, connected by more than 1000 kilometres of rail infrastructure and port facilities located in the Pilbara region.
K2fly is a provider of resource governance solutions for net positive impact in environmental, social and governance (ESG) compliance, disclosure and technical assurance.
Its ground disturbance solution is a cloud-based software as a service (SaaS) platform used for applying, tracking, reporting and submitting closure of permits and rehabilitation commitments surrounding ground disturbance activities.
The solution has features such as real-time updates, centralises land operation data and allows third party integration.
K2fly chief executive officer Nic Pollock reacted to the news.
“Our ground disturbance solution is the only commercial off the shelf solution available in the market globally and speaks to how our customers are increasingly attributing value to the importance of proper resource governance on land and protecting their license to operate,” Pollock said.
“We are delighted to extend our contract into a three year term with another global tier 1 client.”