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.

Mines-and-metals

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

Production Accounting

Perform mass, volume, and energy balance showing the entire site in a single view.

crusher-icon

Yield Accounting

Sigmafine supports accountants by identifying inconsistencies, bad values, and gross errors which can be traced back to individual process units.

energy management

Near Real-Time Energy Management

Accurately monitoring energy-intensive equipment is critical to improving usage and decreasing emissions.

compliance

Compliance Reporting

A single source of truth, allowing users to automatically transfer data to business systems and databases.

composition-tracking

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

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

Customer: ArcelorMittal

Abstract: Improving the accuracy, consistency, transparency, timeliness and reliability of the transformation of measured data through sensors and analysers in the plant into “bankable” and actionable production data is mission critical. In this presentation you will hear about our digital transformation journey to achieve a high level of trust and confidence in the production data at our Iron ore pelletizing plant located in Port Cartier (QC), Canada.

Used for: Production accounting component balance, metallurgical and mass balance; Track operating time and performance; Track consumption of raw materials (bentonite, lime, dolomite, coke,...) and energy (bunker, electricity,...)

Benefit: More accurate reconciled data on a near real time basis allowing to react rapidly id imbalance and/or correction is high.

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Codelco

Customer: Codelco

Abstract: See how Codelco implemented a metallurgical production balance to report validated and accurate production and bulk inventories as well as to validate the correct implementation of planned production and environmental strategies using Sigmafine mass and component balance with Composition Tracking.

Used for: Metal accounting; validating production and environmental strategies; estimating inventory stockpiles and inventories composition

Benefit: Automatic metal accounting; automatic daily monitoring of composition and quantities of inventories; AMIRA reporting compliance; More than 1% improvement in declared plant recovery

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Yanacocha

Customer: Yanacocha

Abstract: : Learn how Yanacocha, Peru’s largest gold producer, uses Sigmafine with mass and component balance configuration to implement the AMIRA standard for monitoring, auditing, and corporate reporting.

Used for: Production accounting, monitoring, and auditing

Benefit: Automatic production accounting; gold and water balance; incorporation of planned/forecast production

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Resources

 Sigmafine capabilities for Mining and Mineral industries.

Pimsoft Report: Overview of the Sigmafine solution for the mining and metals industry.
Abstract: Metals and Mining operators generally have poor data quality yet must adhere to operating standards; pushing them to use digital solutions condition their process data to meet production and environmental reporting guidelines.
Used for: Performance monitoring, real-time validated KPIs, loss monitoring (mass and energy) and unmeasured flow estimation
Benefit: Metal accounting, component balances, water balances, composition and quantity estimate of stockpiles

 Mining & Metallurgy Solution Brief

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

Veletia Moodie
Industry Principal for Mining & Metallurgy
Pimsoft, S.p.A.
Milan

Americas & APAC

Pimsoft Inc.
757 N. Eldridge Parkway, Suite 725
Houston, TX, 77079,  USA

Phone: +1 (281) 920-9196
Fax: +1 (281) 754-4421

EMEA

Pimsoft S.p.A.
Corso Stati Uniti, 35
10129 Turin, ITALY

Phone: +39 011 5625213
Fax: +39 011 5637744

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