MineMarket
Complete Mine-To-Market Solution
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Track of ore, concentrate, and product inventory across the entire supply chain.
Insights into the impact of commercial transactions across the supply chain.
Material specifications of invoicing, stockpile inventory management and deviation management.
MineMarket helps producers save over $3M per year by reducing demurrage penalties.
MineMarket Functionalities
01Inventory Management & Tracking
MineMarket's supply chain model management enables users to track quality, quantity and contributors from 'in-situ' to shipment and beyond for both bulk and discrete units. It provides detailed 3D stockpile modelling and blend optimisation to support stockyard management and the production and demand planning capability links it all together.
02 Sales & Marketing
MineMarket connects the mine to the customer through comprehensive management of complex contracts, including freight and service contracts. Its robust sales and marketing capability also enables credit management, contract linking, settlement, tolling and invoicing - all in one platform.
03 Transportation & Logistics
A wide range of logistics capabilities includes the modelling and scheduling of trucks, ships, trains and barges, as well as a range of detailed features such as complex traffic handling, equipment and transport delay management, and ship line-up. MineMarket also enables the automatic recording of user-defined incidents to identify bottlenecks in production.
04Commodity Trading & Risk Management
MineMarket supports deal capture for physical contracts, commodity and FX derivatives, the logistics and the financial processes (including mark-to-market accounting). It enables robust risk management through the allocation of hedge positions to logistics, and provides tools to view and manage risk.
05Reporting
There are a wide range of reporting functions including standard KPI reports, audit reporting and configurable dashboards.
Industry Challenges
Islands of Information
Within many mining organisations, the use of spreadsheets and disparate systems has led to inconsistent processes and conflicting information. This can lead to time-wasting disputes, incorrect decisions, errors, and high IT overhead. Data from all points of the supply chain, through to details of contracts, invoices, and payments, tend to be owned by individuals within the organisation. In order to meet the demands of complex contracts and manage sophisticated logistics, it is crucial to consolidate and manage the relationships of operational data, as well as make it visible and accessible to all stakeholders within the organisation. Mining companies are also increasingly subject to both internal and external scrutiny, so it’s critical to be able to track and verify commercial data trails.
MineMarket Solution
From Mine-To-Market
MineMarket provides the broadest coverage for managing the mining value chain by combining comprehensive material tracking, logistics management, and complex sales and marketing capability into a single solution. Through connecting operational data and its relationships from mine-to-customer, MineMarket maximises commercial outcomes by optimising logistics, charting the impact of sales, and tracking and identifying operational bottlenecks. It minimises delays in data collection, ensuring the same data is visible across the organisation, which facilitates analysis, adjustment and reconciliation. MineMarket can be used in conjunction with other business systems, integrates seamlessly with other Datamine solutions, and provides sophisticated reporting and web service integration capabilities.
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