Glencore Canada signs with K2Fly to use its RCubed reserve & resource governance software

Perth-based mining consultancy K2Fly has signed a major international client for its resource governance software in a A$250,000 deal. Top five global miner Glencore Canada has signed with K2Fly to use its RCubed reserve and resource governance software in a rolling annual contract that will start immediately. Glencore will use the software in its zinc operations across 56 sites in seven countries.

K2Fly’s Chief Commercial Officer Nic Pollock said: “Being able to implement a software-as-a-service contract with Glencore Canada is a testament to the suitability of the RCubed software solution for Resources and Reserve reporting at an enterprise scale.” The Glencore deal comes just two months after K2Fly acquired RCubed and signed Imerys SA, the French multinational company listed on the Paris Stock Exchange.

“The RCubed solution now supports global customers with over 200 operations in over 35 countries,” Pollock said. K2Fly expects increased interest in its governance software after the New York Stock Exchange tightened rules around reserve and resource reporting.