IBP: Transforming mining with digital technology
KPMG in Canada, software vendor Board International and global gold mining firm Dundee Precious Metal Inc. (DPM) will take a deep-dive into how mining companies are using digital technologies to transform their businesses, in a broad-ranging, one-hour webinar on Thursday April 8 at 5pm GMT/12pm EST.
Integrated Business Planning
Centred on DPM’s adoption of best-practices and advanced Integrated Business Planning (IBP) software, the panel will discuss how business planning and analysis across an enterprise can be achieved, to unite disparate data in a user-friendly presentation that delivers better planning and better decision-making.
Senior industry executives, mining stakeholders, analysts and press can to attend this informative, thought-provoking webinar, which will benefit from DPM’s on-the-ground experience, and seasoned counsel from KPMG’s specialists.
“The digital revolution and increasingly rapid technological innovations are creating opportunities to transform the way we do things, offering safer, cost effective and sustainable solutions to how we approach our business. Being a leader in innovation is one our strategic objectives and we see a lot of potential for technology to provide significant insights into our business and to help the successful execution of DPM’s strategy,” noted Hume Kyle, Executive Vice President and CFO at Dundee Precious Metals Inc.
“The mining industry’s adoption of different emerging technologies from robotics to cloud computing has been mixed so far. While we’ve seen companies embrace small projects, such as back-office automation or improved safety measures, large-scale digital transformation is needed to achieve operational efficiency, drive productivity and adapt quickly to changes in market factors,” said Erik Woods, National Lead Partner, Enterprise Performance Management, KPMG.
Lending their considerable hands-on experience alongside Mr. Kyle and Mr. Woods, will be KPMG’s Heather Cheeseman, a Partner and Toronto Mining Leader, and Anna Ivanova, Director, Business Systems at Dundee Precious Metals, who is currently leading the redesign and roll-out of DPM’s business-planning system.
“The industry has had to deal with volatile commodity prices, sustainability pressures, and now the pandemic. But, miners need to make the connection between near-term technology investments and the longer-term sustainability of their operations. At both the mine site and back office, companies should be capitalizing on the benefits of technologies to reduce downtime and costs, improve operational efficiencies and provide greater visibility into production, while reducing health and safety risks,” said Heather Cheeseman, Toronto Mining Industry Leader, KPMG.
Anna Ivanova, Director, Business Systems, Dundee Precious Metals Inc., said “At DPM, we have taken a holistic approach to transforming our business planning and analysis that will help translate our business strategy into execution and support the achievement of our overall business objectives.”
Taj Mian, Managing Director for Canada-Board International is pleased to host customer Dundee Precious Metals and consultants from KPMG in Canada, to share how forward-looking mining operators can significantly improve their Business Planning and Analysis functions across their diversified operations.
“With today’s supply-chain challenged environment, having an Integrated Business Planning platform to integrate planning across multiple time horizons, connecting mining field operations with Finance and corporate functions is essential,” said Mian.
“I’m looking forward to this quality webinar that will help mining staff learn how to spend less time on data collection and more time for sensitivity analysis, scenario planning and improved resource allocation and prioritization, courtesy of our panellists. For Board’s part, we’re leaders in breaking down the barriers for reporting and analysis hamstringed by siloed software and solutions, to integrate data and standardize ‘one version of the truth’ across a mining firm, to improve decision-making and governance,” added Mian.
To find out more, join KPMG in Canada, Dundee Precious Metals, and Board International to discover how mining companies are using digital technologies - sign up for this forthcoming webinar on Thursday April 8 / 5pm GMT/12pm EST:
“Integrated Business Planning for Mining: Data, Analytics & Digital Planning Trends in Mining Companies”
About Dundee Precious Metals Inc.
Dundee Precious Metals Inc. is a Canadian-based international gold mining company with operations and projects located in Bulgaria, Namibia and Serbia. The Company’s purpose is to unlock resources and generate value to thrive and growth together. This purpose is supported by a foundation of core values, which guides how the Company conducts its business and informs a set of complementary strategic pillars and objectives related to ESG, innovation, optimizing our existing portfolio, and growth. The Company’s resources are allocated in-line with its strategy to ensure that DPM delivers value for all of its stakeholders. Shares of DPM are traded on the Toronto Stock Exchange (symbol: DPM).
About Board International
Board is the #1 decision-making platform. Founded in 1994, Board enables people to have a transformative impact on their business, helping them to intuitively explore and leverage their data in a flexible, all-in-one decision-making platform. By unifying Business Intelligence, planning, and predictive analytics, the Board platform allows companies to produce a single, accurate, and complete view of business information, gain actionable insights, and achieve full control of performance across the entire organization. Thanks to Board, more than 3,000 organizations worldwide, including Coca-Cola, Ricoh, KPMG, Puma, Siemens, and ZF Group, have deployed end-to end decision-making applications at a fraction of the time and cost associated with traditional solutions.
About KPMG in Canada
KPMG ‘s Advisory professionals work with mining companies globally to to improve and enhance finance processes with technology, including EPM software implementation services. We develop practical recommendations designed to help finance teams work smarter, shifting from the traditional compliance function with automation, streamlining processes, and improving performance reporting to provide more business insight.
KPMG has more than 7,000 professionals/employees in over 40 locations across Canada serving private- and public-sector clients. We are trusted advisors to Canada’s leading organizations. They choose us because we are known for our talented people, deep technical experience, industry insights and our ability to get the job done.
Rio Tinto and Alcoa begin construction with ELYSIS tech
Eliminating all direct greenhouse gases from aluminium smelting has taken a major step forward with the start of construction on the first commercial-scale prototype cells of ELYSIS’ inert anode technology, at Rio Tinto’s Alma smelter in Saguenay-Lac-Saint-Jean, Quebec.
ELYSIS has the potential to reduce the carbon footprint of aluminium production
ELYSIS is a joint venture company led by Rio Tinto and Alcoa that is developing a new breakthrough technology, known as inert anode, that eliminates all direct greenhouse gases (GHGs) from the traditional smelting process and instead produces oxygen.
The technology has the potential to transform the aluminium industry, with a significant reduction in its carbon footprint.
The inert anode prototype cells will operate on a commercial scale typical for large modern aluminium smelters, using an electrical current of 450 kiloamperes (kA).
The Honourable Francois-Philippe Champagne, Minister of Innovation, Science and Industry joined representatives from ELYSIS, Rio Tinto and Alcoa to mark the start of construction and announce a further CAD $20mn financial contribution from the Government of Canada to support the project.
The federal government's financial support will enable the creation of a unique commercial size inert anode technology showroom for future customers and will help develop the supply chain by involving local and regional equipment manufacturers and suppliers in the project.
ELYSIS is working to complete the technology demonstration by 2024 followed by the commercialization activities.
ELYSIS technology at a glance:
- The ELYSIS technology addresses the global trend towards producing low carbon footprint products, from mobile phones to cars, planes and building materials.
- The new process will reduce operating costs ofaluminiumsmelters while increasing production capacity. It could be used in both new and existing aluminium smelters.
- In Canada alone, the ELYSIS technology has the potential to reduce GHG emissions by 7 million tons, the equivalent of removing 1.8 million cars from the roads.
- ELYSIS will also sell next-generation anode and cathode materials, which will last more than 30 times longer than traditional components.
Alcoa and Rio Tinto will continue to support the ELYSIS development program alongside the Governments of Canada and Quebec.
ELYSIS is working closely with Alcoa's Technical Center, where the zero-carbon smelting technology was invented, and the Rio Tinto technology design team in France.
Alcoa's Technical Center supports ELYSIS in the manufacture of proprietary materials for the new anodes and cathodes that are essential to the ELYSIS process. The Rio Tinto technology team in France is creating commercial scale designs for the ELYSIS technology.
Vincent Christ, CEO, ELYSIS commented: “This is a great day for ELYSIS. It means that we are becoming the first technology company in the world to build commercial-size inert anode cells. While we refine the technology in our R&D Centre, we start the construction of our prototype cells. This shows our confidence in our process and in the know-how of our team. The combination of ELYSIS' zero CO2 technology and Quebec's renewable energy will be great competitive advantage for the future. I would like to thank the government for its support and all the partners for their commitment.”
Samir Cairae, Rio Tinto Aluminium managing director Atlantic Operations and ELYSIS board member added: “Today marks a real step towards the future of the aluminium industry, by progressing this breakthrough technology to cut carbon emissions. Rio Tinto is committed to supporting its ongoing development here in Quebec where we already use clean hydropower to deliver some of the world’s lowest carbon aluminium. Combining this technology with renewable hydropower holds the promise of zero carbon aluminium smelting.”