RungePincockMinarco (RPM) at the World Mining Congress in Montreal, Canada, presented on its groundbreaking new Enterprise solutions for mine planning and financial modelling. In a presentation entitled, Making better economic mining decisions, RPM explains how an Enterprise Financial Modelling (EFM) solution can provide greater visibility, control and confidence on the future financial position of complex mining organisations. Glenn Kerkhoff, Executive General Manager for RPM in North America explains, “Many mining companies are going through very challenging times with increasing capital and operating costs and decreasing commodity prices. To survive, the industry must make a shift from production at all costs to production with a cost focus.”

According to Kerkhoff, to make this shift the mining industry requires a better understanding of the key cost drivers affecting their operations. “We need to be able to reconcile actual costs against planned costs to understand where we’re deviating from plan and reforecast in real time to maintain control and visibility on our costs. This is especially critical in the current budget cycle where profitability is in focus.”

In addition to its EFM presentation, RPM will also be speaking on another new Enterprise solution in a second presentation entitled, The mine as an open air factory.

“While the mine as an open air factory concept has been mooted for many years it is only now that this concept is very close to being a reality. The concept centres on integrating mine production and maintenance planning to formally plan and prescribe standard and consistent instructions to both the maintenance and production operations teams via an ERP.”

As someone who has seen the evolution of the mining industry and understands the challenges it is now facing, Kerkhoff will personally present on this topic at the World Mining Congress.

“RPM is making a concerted effort to elevate their products off the desktop and take advantage of new standards and capabilities in data interchange and process inter-operation to build Enterprise-wide solutions.”

“With our best in class mine scheduling and budgeting solutions at the heart of this, connected with ERP, fleet management, mine design, plant and mine survey systems this will deliver a fully integrated, streamlined planning and execution process.”