Iron ore mining company & Production Accounting

Client Case study Production Accounting

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OVERVIEW

The complexities of blending materials, sampling requirements, and the need for accurate and reliable data could have created inefficiencies in the mining company’s existing processes. The limitations of manual reporting and Excel dependency might have led to difficulties in managing and analysing data efficiently.

The company’s main goal is to continuously improve the way the data can be analysed and reported across all stakeholders within the organisation. That is why they turned to Datamine PA.

Datamine Production Accounting is used primarily to:

  • Calculate plant feed head grade (By calculating the combination of tails and products)
  • Monitor the performance of individual units within their process
  • Monitor individual unit operation performance.

THE CLIENT

This is a world-class business that incorporates integrated iron ore mining, rail and port operations, spanning. Their primary goal is to become a global leading mining company and a world-renowned high-performing iron ore business. Their vision outlines their aspirations and drives them towards success.

“The company is one of the Global Iron Ore leading mining company. Though, mines do spread over multiple kilometers, not all of the material is good enough to be shipped as it is dug out, so it is taken to a processing plant, and from there, it is railed to the port and shipped. So Datamine Production Accounting is the package we use to do the mass balancing over the processing plant.”
said Specialist Metallurgical Accountant

THE CHALLENGES

EXCEL DEPENDENCY

The business had a significant dependency on Excel but it had its limitations including manual data entry, version control issues, and potential errors associated with managing large datasets.

OPERATIONAL COMPLEXITY

Mines spread over multiple kilometers. They were facing complex logistics and communication due to the extensive operational zone.

DATA INTEGRITY

As plant sampling requirements are onerous due to the size of the operations, managing all data using traditional method, such as Excel for both calculation engine and central database increases the risk of the integrity due to human error associated with spreadsheets and more manual and less automated data integration.

THE SOLUTION

Production Accounting provides a complete metallurgical accounting solution designed for mining, mineral processing, smelting, and refining operations. It provides fully auditable data entry, calculations, and approvals. It offers full integration capability for production data from various sources. It also enables them to use a single solution across its operations.

Here are the main advantages according to the company:

  • Customization error messages

This customization helps users identify and address errors more efficiently, such as negative values indicating potential instrumentation issues.

  • Latest entry locking

Databases can be locked for past periods for historical purposes.

  • Fully auditable

The system ensures transparency and traceability in data sources, making the entire process auditable. Site metallurgists sign off on every shift, contributing to the accountability of the reported numbers and making it harder for unauthorized changes.

THE PROCESS

The company decided to use Datamine Production Accounting (PA) from the beginning of operations to address their needs in combating operational inefficiencies, manual reporting challenges, and to streamline mass balancing, enhance data accuracy, and optimise plant performance monitoring.

“I wasn’t part of the company when they first decided to implement Datamine Production Accounting (PA). But, at the moment we are doing a lot of work connecting it up to the Microsoft Power Business Intelligence (BI) platform. Datamine Metallurgical Principal and Product Manager, Mirelle Tjong, does everything for us. We can connect it up to anything. We don’t have to know how to code to install Datamine PA or run it on a daily basis,”
said the Specialist Metallurgical Accountant.
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THE RESULTS

Optimize plant performance monitoring

notify errors such as missing values and unexpected inputs/outputs (rogue value),
calculate directly minutes-by-minutes entries

Enhance data accuracy

efficiently handles large amounts of data,
data integration from multiple sources including instrumentation data from PI and assay data from LIMS,
all stored in a database for convenient access and analysis,
auditability of user-entered and modified data,
in-depth calculation tracking and approval tracing.

“With Datamine PA, data sources are transparent,
they are recorded, your process is ordered.
Stakeholders know were the data
come from and this makes sense
.”

RESUME

The iron ore mining company implemented Datamine Production Accounting (PA) to improve data analysis and reporting for their processing plant. This solution efficiently calculates feed head grades, monitors individual unit performance, and streamlines mass balancing while enhancing data accuracy and transparency. Datamine PA’s features include customizable error messages, locking off the database for accountability, and error notification for prompt investigation, making it effective in handling large datasets and providing comprehensive metallurgical accounting solutions.

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Client Case study Production Accounting
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Iron ore mining company & Production Accounting

OVERVIEW The complexities of blending materials, sampling requirements, and the need for accurate and reliable data could have created inefficiencies in the mining company’s existing processes. The limitations of manual reporting and Excel dependency might have led to difficulties in managing and analysing data efficiently. The company’s main goal is to continuously improve the way

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