November 2015
MINEMAN Hedging Goes Live 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 gone live for MCT, after three months of parallel running and data verification. The project was a massive business transformation exercise which involved reengineering and streamlining the old and inefficient business processes. The new solution is a sophisticated real-time, automated system, integrating all of FQMs operations in Africa, Europe, Australia and elsewhere, processing a large volume of trading transactions every day in a smooth and reliable manner. MINEMAN Hedging will make MCT much more effecient and effective, and give the company full control and transparency of its metal trading activities.
The project was implemented by MINEMAN's expert staff located in India, Indonesia, Philippines, Peru and Australia and will be supported by MINEMAN's support offices in India, the Philippines and Peru.
For further enquiries, please contact Enquiries@mineman.com
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