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EnviroSuite Ltd

Envirosuite’s revenues rise as major mining JV operation Cerrejon becomes largest mining client by ARR

Cerrejon is a joint venture owned by BHP Billition (ASX:BHP), Glencore (LSE:GEN) and Anglo American (LSE:AAL) and is the tenth biggest coal mine in the world.

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Enviorsuite chief executive officer Peter White visiting the operations room at Cerrejon

Envirosuite Limited’s (ASX:EVS) largest mining client Carbones del Cerrejon has become its largest client by annualised recurring revenue (ARR) after a recent order worth $84,000 in ARR, bringing the total subscription revenue from Cerrejon to about $500,000.

Cerrejon became Envirosuite’s largest mining client in October last year and the new order for continuous remote monitoring of groundwater pressure, which included $240,000 of hardware, will add to existing Envirosuite solutions used by Cerrejon..

“Cerrejon is a pivotal client for the company”

Envirosuite chief executive officer Peter White said Cerrejon was a pivotal client for the company, showcasing its full functionality for the mining vertical at one of the world’s largest mines.

He said: “Our relationship with Cerrejon has evolved over the past three years as they have implemented different Envirosuite solutions that have subsequently proved their value.

“I have recently been onsite at the Cerrejon mine and seen firsthand the integration of the platform into the Cerrejon operational systems.

“Our team has done an excellent job in delivering solutions for Cerrejon and that is evident from the feedback I received from multiple Cerrejon team members in a variety of roles.”

Envirosuite aims to secure multi-site licence deals with major miners

Cerrejon is setting the standard for environmental leadership and the improved community and productivity outcomes, which the Enviorsuite platform is designed to enable.

Enviosuite has several site-based operations with major miners including BHP, Glencore, and Anglo American and over the coming year the group will be aiming to secure corporate multi-licence deals with these major miners by using the Cerrejon case study.

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Price: $0.29

Market: ASX
Market Cap: $112.63 m
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