Glencore awards tech contract to K2Fly

Zinc ingots. Image: Glencore Canada

Glencore has signed a contract that will see the implementation of a software-as-a-service (SaaS) solution across its 56 zinc sites in seven countries.

Company subsidiary Glencore Canada awarded the contract to ASX-listed K2fly, which owns the software Mineral Resource Governance RCubed.

The RCubed software is a resource and reserve reporting solution that supports reporting codes such as JORC, across the major stock exchanges.

Glencore is listed on both the London Stock Exchange (LSE) and Johannesburg Stock Exchange (JSE).

K2fly will commence the RCubed implementation immediately. It costs more than $250,000 in the first year, renewable annually, and involves comprehensive governance data capturing and reporting.

The technology company stated this was a highly strategic contract for K2fly, given its ability to offer complementary governance offerings within that network.

“Glencore is a top five global miner, and being able to implement a SaaS contract with Glencore Canada is a testament to the suitability of the RCubed software solution for resources and reserve reporting at an enterprise scale,” K2fly chief commercial officer Nic Pollock said.

“The RCubed solution now supports global customers with over 200 operations in over 35 countries.”

Glencore mines and processes zinc ores in Australia, South America, Kazakhstan and Canada, with smelting and refinery operations in Australia, Canada, Spain, Italy, Germany, the United Kingdom and Kazakhstan.

It oversees zinc operations in Australia, such as the McArthur River mine in the Northern Territory and the Mount Isa mine in Queensland.

Glencore produced more than a million tonnes of zinc in 2018.

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