K2fly Ltd has announced that Alcoa USA Corp has signed a five-year SaaS contract, for its RCubed Resource Inventory solution, to roll out to six sites globally. Alcoa is one of the world’s largest bauxite miners with high quality reserves, including mines in Australia, Brazil, Guinea and Saudi Arabia. Alcoa owns and operate two mines in Western Australia and two in Brazil.

Alcoa has earned global recognition for its comprehensive approach to sustainability and responsible mining practices. Nic Pollock, K2fly’s Chief Commercial Officer, said: “We are delighted to be working with Alcoa as another NYSE listed user of our governance and reporting software and also an important operator in Western Australia.”

While K2fly said the per annum contract value is not material in this instance, the total contract value is for A$573,600, and it demonstrates continued demand for K2F’s own software solutions even during challenging macro-economic conditions. “The signing by Alcoa also further validates our position as a leader in the mining technical assurance space. This demand trend is expected to continue with further multi-year contractual negotiations in the pipeline. Although these potential contracts are still in negotiations and until complete there are no guarantees. K2F will update the market in due course.”

RCubed a resource and reserve reporting solution that supports reporting codes such as JORC, NI43101 and SAMREC across the major stock exchanges –including NYSE, LSE, TSX, ASX and JSE. “RCubed is a secure, cloud-based platform which enables Mineral Resource & Reserve Governance, Compliance and Reporting. It dramatically reduces overhead and improves efficiencies and accountability for the teams involved in mineral resource inventory and provides systemised back-up and robustness to reporting processes.”