Freeport-McMoRan (FCX) has agreed to a three-year contract with K2fly for the implementation of the company’s cloud-based mineral resource governance platform, RCubed. K2fly, based in Australia, will roll out the solution for all 12 of FCX’s operations in North America, South America, and Indonesia.
According to K2fly, the RCubed platform is the only commercially available, of-the-shelf (COTS) solution for mineral resources governance. It adheres to reporting requirements of all stock exchanges including JSE, ASX, LSX & NYSE, and provides “full audit trails of all the information which auditors might require” and a single source display of mineral planning and operational data.
Publicly traded FCX, headquarterd in Phoenix, Ariz., is a founding member of the International Council on Mining and Metals (ICMM) and is one of the world’s leading mining companies with divers assets including copper, gold, and molybdenum.