Mining company Newcrest has signed a three-year multimillion-dollar deal with Mincom to implement the software vendor's production accounting application.
The application will allow the company to collect production data from different sources, helping the mining company improve its metal extraction and gold recovery, according to Mincom.
The implementation is part of Newcrest's Mining Systems program, which intends to simplify the company's mining information and processes by standardising and consolidating systems.
"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," John Jessop, Mincom's vice president of global mining solutions said in a statement.
Newcrest has already implemented Mincom's CCLAS laboratory-management system, which together with the production application will allow the company's metal accounting to be integrated with its lab management. Both the laboratory-management system and production accounting application are part of Mincom's Intelligent Mining Solution suite.