Gold and platinum miner digs EAM, ERP

DENVER: Mincom, a provider of software and services for asset-intensive industries, announced a new agreement with Colossus Minerals Inc., a development-stage mining company with an exploratory gold and platinum project in Brazil.

Under the agreement, Colossus has licensed the Mincom Ellipse solution for Enterprise Asset Management (EAM) and Enterprise Resource Planning (ERP) to maximize operational efficiency during the exploratory stage of its flagship Serra Pelada mining project.

In addition to Mincom Ellipse, Colossus has licensed Mincom LinkOne, a graphical content-delivery solution providing maintenance workers with timely and accurate parts information to help reduce equipment downtime and improve maintenance efficiency.

To quickly achieve return on investment, the company will implement Mincom Ellipse leveraging the on-demand delivery model and other support services provided by Mincom. Mincom’s managed-services offering can help companies decrease total cost of ownership by speeding time to deployment and reducing IT overhead, and achieve faster time-to-results while minimizing risk. Mincom offers customers a fully managed solution over their entire project lifecycle, implemented either on-premise or fully hosted from Mincom’s data center to support the unique requirements of remote mining operations.

“To support the development and growth of the Serra Pelada mining project in Brazil, a robust and auditable enterprise solution — with a strong maintenance-planning module developed for the mining industry — was required. Colossus believes that Mincom Ellipse is the solution,” said Steve Poad, chief financial officer, Colossus Minerals Inc.

Taking a phased approach to implementation, Colossus will initially deploy Mincom applications for finance, as well as maintenance and materials management. With Mincom Ellipse, mining companies such as Colossus can manage the complete asset lifecycle of their capital equipment, maximizing productivity and minimizing downtime. They can also significantly reduce working capital by optimizing inventory levels, thereby improving supplier management and streamlining procurement processes.