Mincom has come to a three-year, multi-million dollar agreement with Newcrest, one of the world’s top 10 gold mining companies and Australia’s largest gold producer. Following a successful implementation of Mincom’s CCLAS laboratory-management system, Newcrest has licensed the Mincom Production Accounting (MPA) application to help identify new opportunities for improving metal extraction and gold recovery across its enterprise.

Leveraging Mincom’s powerful AMIRA P754-adherent accounting processes, Newcrest will implement Mincom Production Accounting as part of its Mining Systems program, which is a key initiative designed to simplify the company’s technical-mining information and processes by standardizing and consolidating its information systems.

The rollout of Mincom Production Accounting will see Newcrest gain a complete production-accounting solution, with the ability to take on production data from various sources. And through an earlier agreement this year with Mincom to streamline Newcrest’s metal processing by adopting Mincom CCLAS, the only Laboratory Information Management System (LIMS) designed to meet the needs of the mining and metal processing industry, Newcrest will now integrate its processes for metal accounting with assay and lab management.

“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,” said John Jessop, Vice President of Global Mining Solutions, Mincom. “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. We feel this uniquely positions Mincom to implement metal accounting best practices and standardised business processes. We look forward to extending this knowledge to Newcrest.”

Mincom Production Accounting and Mincom CCLAS form key components of the Mincom Intelligent Mining Solution (IMS) suite, which says it “provides the industry’s most comprehensive range of technical mining solutions, covering the entire spectrum of mining processes – from exploration to outbound logistics and sales. Designed to serve both large and small mining and mineral-processing operations worldwide, Mincom IMS helps reduce costs and increase profitability across all technical-mining processes.”