K2fly has announced that Freeport-McMoRan (FCX) has signed a three year contract for its Mineral Resource Governance solution to cover reporting for all 12 of FCX’s global operations across North America, South America and Indonesia. FCX is a leading international mining company and one of the world’s largest publicly traded copper producers. Sitting within K2fly’s Mineral and Resource Governance area, RCubed is a cloud–based platform which enables Mineral Resource & Reserve Governance, Compliance, Reporting and Disclosure.
The company states: “It dramatically reduces overhead and improves efficiencies and provides systemised back–up and robustness to reporting processes. RCubed provides full audit trails and all the information which auditors may require and adheres to reporting requirements of all stock exchanges including JSE, ASX, TSX, LSE & NYSE. Read more about RCubed here and the Resource Inventory & Reconciliation solution here. RCubed supports the new US Securities and Exchange Commission (SEC) disclosure requirements (S–K 1300) for listed companies with mining activities, which came into effect in January 2021.”
Nic Pollock CEO of K2fly said: “We are delighted to welcome Freeport–McMoRan to the growing list of major mining organisations using our market leading RCubed solution. K2fly is the uncontested leader in the Resource Governance market as the only provider of a COTS Mineral Resource Governance solution. As regulations continue to change, particularly as pertains to Environmental, Social and Governance (ESG) reporting and disclosures, K2fly continues to see significant opportunity across the mining industry that sees us delivering this and other solutions, to many Tier 1 and Tier 2 clients across all mineral types and supporting multiple exchanges and reporting codes.“
K2fly describes itself as “the leading provider of Resource Governance solutions for ‘net positive impact’ in Environmental, Social and Governance (ESG) compliance, disclosure and technical assurance. We focus on the operations of mining and asset intensive industries through our platform–based SaaS cloud solutions.”
