Triple Point Technology, the leading global provider of cloud and on-premise Commodity Management software, announced today that Dundee Precious Metals Group has selected Triple Point’s Algosys Metallurgical Accountant™ solution for mass balancing and reconciliation. Dundee Precious Metals (DPM) is an international mining company engaged in the acquisition, exploration, development, and processing of precious metals.
DPM required a sophisticated metallurgical accounting solution to automate mass balancing and reconciliation for its commercial-scale metals processing and smelting operation in Namibia. The company chose Triple Point’s Algosys Metallurgical Accountant because of its unique, state-of-the-art mass balancing technology, which is recognized worldwide for its advanced data reconciliation and measurement error analysis features. Metallurgical Accountant was also selected because it enables the metallurgical accounting process to be integrated enterprise-wide, providing a single, accurate, and auditable view of production that maximizes profitability and ensures compliance with AMIRA metal accounting guidelines.
Metallurgical Accountant comprises a key component of the commodity supply chain by recording and tracking mineral and metal data from its initial raw status through to its final transformation into official plant production figures. Customers include ArcelorMittal, Rio Tinto, Newmont Mining Corp., Teck, Vale, and Xstrata.
“The largest mineral and metal companies worldwide rely on Metallurgical Accountant because it is the most powerful enterprise solution for supporting all steps of the metallurgical accounting process,” said Frédéric Flament, general manager, Triple Point. “We’re proud to welcome Dundee as our newest Metallurgical Accountant customer.”