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MINEMAN MEDIA RELEASES

July 2015
Training in London for Metalcorp Trading

Metalcorp Trading (MCT) is part of the First Quantum Minerals (FQM), a mining and metals company producing copper, nickel, gold, zinc and platinum group elements. The Company’s assets are located in Zambia, Spain, Mauritania, Australia, Finland, Turkey, Panama, Peru and Argentina.

Metalcorp Trading buys and sells all of FQM's metals and, in the process, carries out sophisticated derivatives management to handle price risk.

MINEMAN is the leading software and services solution for logistics, marketing and revenue financials for concentrates and metals.

The MINEMAN Hedging solution has been set up to manage all of MCT's metal transactions and risk management. An important part of the implementation is to smoothly transition MCT from its old systems to the new system while at the same time making some significant improvements to the ways metals are hedged and the operation is controlled.

The project includes the setting up of interfaces from the various MINEMAN installations at FQMs operations in Africa, Europe, Australia and elsewhere, the processing and verification of a large volume of historical transactions, and the training of MCT's staff in all aspects of the new system.

The project was implemented by MINEMAN's expert staff located in India, Indonesia, Philippines, Peru and Australia.

The new MINEMAN Hedging solution is a real-time, automated system, integrating all of FQMs activities worldwide. The new system will make MCT much more effecient and effective, and give the company full control and transparency of its metal trading activities.

For further enquiries, please contact Enquiries@mineman.com

 

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