Newcrest, one of the world's top 10 gold mining companies and Australia's largest gold producer, is aiming to improve its process for metal extraction and gold recovery across its key mine operations, licensing the Mincom Production Accounting (MPA) application.
The deal follows the implementation of Mincom’s CCLAS laboratory-management system.
Newcrest will procure Mincom Production Accounting as part of its Mining Systems program, an initiative designed to simplify the company’s technical-mining information and processes by standardising and consolidating information systems.
“Around the world, mining companies are under pressure to further improve corporate governance as it relates to metal accounting, and to improve the transparency, reliability and accuracy of the reporting process,” Mincom vice-president of global mining solutions, John Jessop, said in a statement.
“Mincom has a long and deep history with the AMIRA code of practice for metallurgical accounting (AMIRA P754), as Mincom consultants contributed significantly to both the development of the code and the implementation manual.”
The production-accounting solution takes production data from various sources. Earlier this year Newcrest streamlined its metal processing adopting Mincom CCLAS laboratory management system for the mining industry under an earlier agreement.
Newcrest will now integrate its processes for metal accounting with assay and lab management.