MineMarket

Mine-to-market process

Mincom MineMarket provides real-time management of the entire mining logistics chain. It maximizes commercial outcomes by charting the impact of sales and provides a current view of available and upcoming production of saleable product.MineMarket traces product quantity and quality in each discrete part of the chain, from extraction to customer. The solution’s real-time data is visible across the organisation and facilitates analysis, adjustment and reconciliation. It provides easy access to comprehensive, accurate and up-to-date information.MineMarket is a key component of the Mincom Intelligent Mining Solution (IMS), the most comprehensive and effective suite of technical software for the mining industry. It can be used in conjunction with other business systems, integrates seamlessly with other IMS products and provides sophisticated reporting and web service integration capabilities.

MineMarket generates what-if scenarios for quick reaction to changing market conditions and optimizes sales position and revenues.

MineMarket provides comprehensive coverage of the logistics and sales processes for mining and mineral-related organizations. This coverage includes:

  • Inventory management and tracking – Product supply chain functionality lets users track quality and quantity from the ground to shipment and beyond; covers a variety of materials including minerals, concentrates, and semi-refined and refined products (discrete units); and tracks and optimizes blending.
  • Transportation – Modeling and scheduling of trucks, ships, trains, and barges – including a range of detailed features such as complex traffic handling, equipment and transport delay management, containerization, and ship lineup.
  • Sales and marketing desk – Comprehensive management of complex contracts including purchase, sales, freight and service contracts, product specifications, complex pricing conditions, and intercompany contracts. Manages assay exchange, demurrage and dispatch, prepayment, and provisional and final invoices– all with configurable workflow.
  • Planning and scheduling – Complex supply and demand planning tool, including what-if scenarios, plan branching, and blending planning.
  • Risk management – Management of futures and derivatives markets, positions and hedging of physical operations, mark-to-market, effectiveness tests, and accounting .
  • Reporting – From configurable web dashboards to billboards and charting. Intelligent reports give pricing profiles, cash and revenue forecasts, revaluations with configurable alerts.

Why use MineMarket?

  • Increases supply chain visibility – It replaces the need for disparate technical and commercial systems and provides stakeholders real time access to production, inventory, quality, planning, transport, shipping and contract information, as well as KPIs.
  • Enforces standardised business processes - It enforces the standardisation of business processes by providing common data collection mechanisms throughout the entire supply chain. These can be performed automatically or via predefined data entry forms, and improve consistency in meeting contractual requirements.
  • Improves control of production - The Blending and Planning modules provide the ability to consistently blend batches as well as visibility of stock shortages and quality problems well into the future. These tools give users the ability to efficiently plan sales, to react to changing market situations with flexibility and speed, and to consistently deliver to contract specifications.
  • Supports complex commercial planning and operations - It automates and supports the marketing desk process and provides sophisticated tools to allow companies to compete efficiently in a global market. Integrated with production, accounting and finance systems, the solution supports product flow forecasts, projections, trading commitments, shipment planning, shipping, invoicing, assay exchange, cash flows and many other sales and marketing functions.
  • Enables regulatory compliance - Commercial workflow ensures that all generated data is traceable to, and complies with, the corresponding contractual arrangements, and the system maintains complete audit details on every transaction.

With Mincom MineMarket, you can:

  • Track ore, concentrate, and product inventories across the entire supply chain in bulk form and packaged form
  • Sell and buy from anywhere in the physical process on long-term or spot contracts
  • Schedule transport to meet changing demands and maximize output of logistics processes
  • Manage product blends to ensure contracted product quality levels are met
  • Chart the impact of commercial transactions and the effect of costs at any point in the supply chain
  • Provide specifications for invoicing, metal balancing, stockpile blending, and deviation management
  • Automatically adjust stockpile quality
  • Reduce administration costs by up to 50% and increase management awareness of the company's commercial position


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