CiDRA

CiDRA is a provider of innovative mineral processing technologies, known for its proprietary P29 technology that enhances mineral recovery while addressing environmental and operational challenges in the mining industry. Founded in 1996 in Wallingford, US, CiDRA Minerals Processing Inc. specializes in mineral processing solutions. The company was acquired by IDEX Corporation in July 2016, with financial terms undisclosed.

Kevin Didden serves as both the founder and CEO. CiDRA has successfully completed six deals, with its latest round being a Trade Sale amounting to USD 19. 50 mn, bringing the total raised to USD 19. 50 mn.

CiDRA Minerals Processing Inc. specializes in innovative mineral processing technologies, prominently featuring their proprietary P29 technology and engineered media mineral recovery solutions. The P29 technology introduces a novel approach to mineral separation, enabling the development of advanced flowsheet designs that address critical industry challenges, including reduced head grades, water restrictions, and carbon emissions. Their engineered media recovery technology leverages a century of flotation and reagent expertise while overcoming the limitations inherent in traditional flotation processes.

CiDRA serves a diverse clientele within the global mining industry, including major mining companies actively seeking efficient and sustainable mineral recovery solutions. The company’s offerings are marketed across various international regions, particularly focusing on North America, Latin America, and Australia, where mining operations face stringent operational and environmental demands. CiDRA Minerals Processing Inc. generates revenue primarily through direct business-to-business transactions with mining companies, offering both technology solutions and service contracts.

Clients engage in partnerships that may involve the licensing of CiDRA's technologies, along with ongoing support and maintenance services. The transaction structure typically encompasses long-term contracts and project-based agreements, where customers leverage CiDRA’s flagship P29 technology and engineered recovery systems to enhance their processing capabilities. Pricing models are structured around project scope and specific technological applications, reflecting the bespoke nature of the services provided. For instance, the firm may enter into a contract for a front-end engineering and design study for full-scale implementation of their separation technology at a client's mine site, ensuring tailored solutions that meet client specifications and operational requirements.

As of now, CiDRA Minerals Processing Inc. is focusing on the development of new products based on its P29 technology and engineered recovery systems. The company aims to expand its market presence in North America, Latin America, and Australia by enhancing its product portfolio and service offerings. The recent acquisition by IDEX Corporation is expected to provide the necessary resources to support these initiatives, enabling CiDRA to strengthen its operational capabilities and explore further market opportunities.