Mines & Metals
Data validation for metallurgical accounting
Sigmafine provides a comprehensive metallurgical system that delivers validated, secure, auditable, and accurate information to financial systems and operation managers, allowing both to optimize efficiencies.
A single metallurgical balance management tool accessible by financial accounting, mining, metallurgy, and operational departments
Metallurgical accounting requires tracking all valued materials as they travel through the process. Sigmafine accounts for and reconciles all metallurgical data at every stage in the process, empowering engineers and operators with the information they need to improve efficiencies, such as metal recovery and uptime. Empowering the mining and metallurgy industry with software to efficiently manage, validate, and reconcile information based on business rules and conservation principles set by accounting and international standards, such as the AMIRA standard.
Production Accounting
Perform mass, volume, and energy balance showing the entire site in a single view.
Yield Accounting
Sigmafine supports accountants by identifying inconsistencies, bad values, and gross errors which can be traced back to individual process units.
Near Real-Time Energy Management
Accurately monitoring energy-intensive equipment is critical to improving usage and decreasing emissions.
Compliance Reporting
A single source of truth, allowing users to automatically transfer data to business systems and databases.
Composition Tracking
Up-to-date estimates of materials stocked in inventories or fed to process units. Estimates can be calculated daily or even hourly, empowering operations teams to fix production deviations quickly.
Performance Monitoring
Early detection of process deviations and measurement errors allowing users to more accurately estimate, monitor, and control site losses.
Supported Applications
- Reduce KPI uncertainty
- Apply first principles and concentration laws to achieve data consistency
- Monitor and validate recoveries
- Track valuable materials across the process network
The Benefits of Improved Data Quality
Improved data quality in the metals and mining industry are primarily associated with:
- Automating and validating metallurgical accounting
- Estimating and tracking stockpiles and bulk storage composition
- Accurately monitoring implemented production and environmental strategies
The Business Impact of Implementing Sigmafine
Many Sigmafine customers implement a standard metallurgical accounting tool across all their sites to safeguard production figures and metallurgical analysis, as well as make material quantity and availability data accessible. Furthermore, customers found Sigmafine-generated data led to other unexpected benefits, including:
- Improved production planning based on environmental strategies
- Maximized and optimized production according to the company objectives
- Minimized environmental impact
On top of delivering these benefits that drive operational excellence, it’s been estimated that Sigmafine has a payback period of less than 6 months – a critical value proposition for customers who are tightening resources to stay competitive.
Sigmafine References in Mining & Metallurgy
ArcelorMittal: Digital Transformation of Excel spreadsheets to the #1 KPI in our plant, using Sigmafine
A digital transformation journey to achieve a high level of trust and confidence in the production data at an Iron ore pelletizing plant using Sigmafine.
Codelco’s journey to implement and consolidate a Corporate Metallurgical Balance System
This presentation shows Codelco’s journey in adopting Sigmafine as its corporate metallurgical balance system, the difficulties faced, the benefits obtained, the actual state of the overall implementation, as well as the challenges for the coming years.
Experience in the Implementation of Metallurgical Accounting Systems based on Sigmafine
Hear how Contac builds a formal metallurgical accounting system based on Sigmafine and further enhanced the system’s functionality, traceability, ease of use, and scalability for the mines and metals industry.
Other Resources
WEBINAR: Mass and Component Balance for Mines & Metals
Learn how Sigmafine provides accurate production accounting needed to support toll treatment/production contracts and compliance for Mines & Metals.
Sigmafine Solutions for Metals and Mining
This webinar discusses the Sigmafine reconciliation capabilities which minimize meter errors. The conditioned data set generated from Sigmafine is error-free, auditable, and fit for generating credible process equipment KPIs (recoveries, yields, inventories, etc) as well as for daily even annual corporate reporting.
Pimsoft – Sigmafine in Metals & Mining (SFUC 2011)
Explore how Sigmafine is applied in the Metals & Mining industry helping solve reconcilaition challenges. Look at multiple business cases scenarios which take you into mass balance of overall circuit for Cu and Au and tracking of stockpile storage compositions.
Mines & Metals
Data validation for metallurgical accounting
Sigmafine provides a comprehensive metallurgical system that delivers validated, secure, auditable, and accurate information to financial systems and operation managers, allowing both to optimize efficiencies.
Veletia Moodie
Industry Principal for Mining & Metallurgy
Pimsoft, S.p.A.
Milan
