Australian firm Mincom has inked a multi-million dollar global enterprise software agreement with a division of Xstrata, the fifth largest mining company in the world.
The deal is with Xstrata Copper which is a commodity business unit within the global diversified mining group Xstrata plc.
Under the agreement, Mincom will provide Xstrata Copper with an end-to-end integrated mining solution to increase production and reduce operating costs by providing tools to better plan and control all areas of the organisation.
The use of open platform technologies and industry standard tools will enable Xstrata Copper to lower lifecycle costs, provide a clear upgrade path, and flexibility to migrate to emerging technologies.
By standardising on Mincom's Enterprise Asset Management (EAM) and Intelligent Mining Solutions platform, Xstrata Copper has solutions for key processes in the mining value chain, from mine planning, quality management and the associated laboratory processes through to outbound logistics and the sales processes involved in the final saleable product.
The Mincom solutions provided include Mincom Ellipse, Mincom MineMarket, Mincom Axis, Mincom CCLAS and Mincom LinkOne.
The company's CEO, Richard Mathews, said the deal deepens Mincom's presence in the global mining industry.
"As Xstrata Copper continues to expand its global operations, it is critical for them to partner with an organisation that understands technology as it relates to the mining industry and has a thorough understanding of a mining company's global business model," Matthews said.
He said the solution will increase asset utilisation, reduce operating costs, help meet regulatory standards for audit compliance, ensure supply chain availability and visibility, allocate skilled resources appropriately, and mitigate risk.
John Coldham, general manager of business integration for Xstrata Copper, said as the company continues to grow increasing efficiencies becomes more of a key focus.
Coldham said this includes better management of assets and integrating business processes across different divisions.
"With Mincom, we also have the opportunity to actively engage in product roadmap, product design and release schedules which can be deployed globally," he added.
Xstrata Copper is headquartered in Brisbane, Australia, and employs more than 15,000 staff with annual managed production of over one million tonnes of copper.
Mincom Limited provides business solutions to customers in more than 40 countries and has more than 1,250 staff.