CuDECO selects IFS Applications™ for visibility and control of mining operations as it moves into production
MELBOURNE, DECEMBER 7, 2012 – IFS, the global enterprise applications company, today announced that listed mineral exploration company, CuDECO Ltd (ASX: CDU), will implement IFS Applications, the project-based ERP suite, for full visibility and control of its mining operations as it gears up for planned concentrate production at the Rocklands Group Copper Project near Cloncurry, Queensland by the end of 2013.
Targeting the mining industry, CuDECO is IFS Australia’s first local mining client after successfully penetrating the fast-growing area of engineering, procurement and construction (EPC) services to the resources sector. CuDECO will implement the newly released IFS Applications 8, with powerful new and enhanced features for project management, project financials and execution control, to create new efficiencies and improve its reporting and forecasting capabilities as it scales up its operations.
CuDECO made the decision to purchase IFS Applications over competing local and international solutions because it met all its requirements, was the easiest to use, and allowed it to cost-effectively purchase additional functional modules to meet future requirements as the company grows with additional modes of operation.
According to Kamlesh Ramdeo, Commercial Manager for CuDECO, “We are actively recruiting in all areas and increasing the workforce to support our business growth. IFS Applications will be the single information source about every aspect of operations that will allow CuDECO to become the size of company it needs to be.”
Delivery of equipment for CuDECO’s Rocklands Mineral Processing Plant commenced in November 2012 and will continue through to mid 2013. IFS Applications is planned to go live in the first half of 2013, supporting the physical delivery of plant equipment, construction and commissioning by contractors.
The implementation of IFS Human Resources and IFS Health, Safety & Environment on the same database will provide transparency of all necessary qualifications and competencies that will enable CuDECO to manage and optimise its business arrangement and project schedule.
The extensive functionality offered by IFS Enterprise Asset Management – which delivers maximum operational availability with safe but optimal levels of maintenance – was another key factor in the decision to purchase IFS Applications. CuDECO, which has extensive experience in maintaining drilling equipment and dump trucks, needed a system that could capture all relevant equipment history and generate work orders based on operational conditions. IFS Asset Management provides all the required maintenance functions as standard, whereas competing solutions required customising at additional cost.
“We found that IFS Applications is better equipped for expansion and growth,” said Ms Ramdeo. “We plan to migrate the history of existing equipment to IFS Applications and the new fixed processing plant will be migrated in as it is being constructed. We will then have a complete history of all equipment in an easy-to-use system which will make our maintenance planners much more productive.”
The company will also implement IFS Business Analytics and IFS Risk Management to improve its forecasting and decision-making capabilities and mitigate any potential negative business outcomes. Other key modules include IFS Financials, IFS Supply Chain and IFS Document Management.
The complete solution will facilitate the easy and rapid creation of both internal reports and those required for external stakeholders and government agencies. “As we move into production, there are a number of new reporting requirements,” said Ms Ramdeo. “With the speed and urgency that we need to provide that information, we just couldn’t rely on our existing systems.”
“Unlike many mining companies that have purchased various enterprise applications to handle different requirements, CuDECO can leverage a single source of information about all its operations to drive efficiencies that wouldn’t be possible using multiple solutions,” said Rob Stummer, Managing Director at IFS Australia and New Zealand. “We welcome CuDECO as our first mining customer in Australia as we continue to proactively target mining companies moving from exploration into production.”
CuDECO Ltd is an ASX 200 listed company that specialises in mineral exploration. In late 2005 the company purchased the mining tenement EPM 13049 collectively known as the Rocklands Group Copper Project. The EPM encompasses numerous old historical copper mines which have over the past 100 years produced exceptionally high grade copper ore and the company has been focusing on proving up this world class copper / cobalt and gold resource property which is now widely known around the globe as Rocklands and now has all government approvals in place, including the mining leases and has commenced development and construction.
IFS is a public company (OMX STO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a component-based extended ERP suite built on SOA technology. IFS focuses on industries where any of four core processes are strategic: Service & asset management, manufacturing, supply chain and projects. The company has 2,000 customers and is present in approximately 60 countries with 2,800 employees in total. Net revenue in 2011 was SKr 2.6 billion.