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MINEMAN MEDIA RELEASES

December 2015
MINEMAN goes live at MMG's Las Bambas mine

Las Bambas is a large, long-life copper mine, located in Cotabambas, Apuriamac region of Peru. Las Bambas has significant reserves of copper, gold, silver and molybdenum and has an estimated mine life of over 20 years. In its first full year of operation it will be one of the top three copper producing mines in the world. Las Bambas is a joint venture project between the operator MMG (62.5%), a wholly owned subsidiary of Guoxin International Investment Co. Ltd (22.5%) and CITIC Metal Co. Ltd (15.0%).

MINEMAN is the leading software and services solution for logistics, marketing and financials, for concentrates and metals. MINEMAN R7 integrates metal sales, trading, financials and logistics activities into a single, cloud-based system, allowing real time transactions and reporting from anywhere in the world.

MMG have been using MINEMAN for their metal sales since July 2009. The mine sites managed at that time were Century, Golden Grove, Jaguar, Rosebery and Sepon. Subsequently in August 2014, MMG upgraded MINEMAN to Release 7 (R7). MMG’s Kinsevere mine located in Democratic Republic of Congo was added in April 2015.

Las Bambas went live on MINEMAN in December 2015 for export sales of copper concentrates.

The software solution handles complex joint venture accounting, regulatory SUNAT invoice numbering, and interfaces to provide external systems such as SAP with financial data. MINEMAN R7 also carries out MTM financials and cashflow forecasting for Las Bambas and all of MMG's other mining operations.

For further enquiries, please contact Enquiries@mineman.com

 

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