Mincom recently announced 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 implementation of Mincom’s CCLAS laboratory-management system, Newcrest has licensed Mincom’s Production Accounting (MPA) application to help identify new opportunities for improving metal extraction and gold recovery across its enterprise. Mincom explained that Newcrest plans to implement Production Accounting as part of its Mining Systems program, designed to simplify the company’s technical-mining information and processes by standardizing and consolidating its information systems.

“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 standardized business processes.”

Mincom said the rollout of Production Accounting will provide Newcrest with a complete production-accounting solution, with the ability to take on production data from various sources.

Also, after adopting Mincom’s CCLAS Laboratory Information Management System, Newcrest now can integrate its processes for metal accounting with assay and lab management.