cudeco selects ifs applications

Hi guys,

The article below was sent to me by Google Alerts about Cudeco.

from - www.cfoworld.com

I am surprised that there has not been announcement by the company.

It sounds real??

See below:


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7 December 2012 14:57 IFS

Media releases are provided as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

CuDECO selects IFS Applications™ for visibility and control of mining operations as it moves into production

MELBOURNE, DECEMBER 7, 2012 – IFS, the global enterprise applications company, today announced that listed mineral exploration company, CuDECO Ltd (ASX: CDU), will implement IFS Applications, the project-based ERP suite, for full visibility and control of its mining operations as it gears up for planned concentrate production at the Rocklands Group Copper Project near Cloncurry, Queensland by the end of 2013.

Targeting the mining industry, CuDECO is IFS Australia’s first local mining client after successfully penetrating the fast-growing area of engineering, procurement and construction (EPC) services to the resources sector. CuDECO will implement the newly released IFS Applications 8, with powerful new and enhanced features for project management, project financials and execution control, to create new efficiencies and improve its reporting and forecasting capabilities as it scales up its operations.

CuDECO made the decision to purchase IFS Applications over competing local and international solutions because it met all its requirements, was the easiest to use, and allowed it to cost-effectively purchase additional functional modules to meet future requirements as the company grows with additional modes of operation.

According to Kamlesh Ramdeo, Commercial Manager for CuDECO, “We are actively recruiting in all areas and increasing the workforce to support our business growth. IFS Applications will be the single information source about every aspect of operations that will allow CuDECO to become the size of company it needs to be.”

Delivery of equipment for CuDECO’s Rocklands Mineral Processing Plant commenced in November 2012 and will continue through to mid 2013. IFS Applications is planned to go live in the first half of 2013, supporting the physical delivery of plant equipment, construction and commissioning by contractors.

The implementation of IFS Human Resources and IFS Health, Safety & Environment on the same database will provide transparency of all necessary qualifications and competencies that will enable CuDECO to manage and optimise its business arrangement and project schedule.

The extensive functionality offered by IFS Enterprise Asset Management – which delivers maximum operational availability with safe but optimal levels of maintenance – was another key factor in the decision to purchase IFS Applications. CuDECO, which has extensive experience in maintaining drilling equipment and dump trucks, needed a system that could capture all relevant equipment history and generate work orders based on operational conditions. IFS Asset Management provides all the required maintenance functions as standard, whereas competing solutions required customising at additional cost.

“We found that IFS Applications is better equipped for expansion and growth,” said Ms Ramdeo. “We plan to migrate the history of existing equipment to IFS Applications and the new fixed processing plant will be migrated in as it is being constructed. We will then have a complete history of all equipment in an easy-to-use system which will make our maintenance planners much more productive.”

The company will also implement IFS Business Analytics and IFS Risk Management to improve its forecasting and decision-making capabilities and mitigate any potential negative business outcomes. Other key modules include IFS Financials, IFS Supply Chain and IFS Document Management.

The complete solution will facilitate the easy and rapid creation of both internal reports and those required for external stakeholders and government agencies. “As we move into production, there are a number of new reporting requirements,” said Ms Ramdeo. “With the speed and urgency that we need to provide that information, we just couldn’t rely on our existing systems.”

“Unlike many mining companies that have purchased various enterprise applications to handle different requirements, CuDECO can leverage a single source of information about all its operations to drive efficiencies that wouldn’t be possible using multiple solutions,” said Rob Stummer, Managing Director at IFS Australia and New Zealand. “We welcome CuDECO as our first mining customer in Australia as we continue to proactively target mining companies moving from exploration into production.”