25/01/2021 - 12:54

K2fly lands lucrative Alcoa contract

25/01/2021 - 12:54

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Software as a service provider, K2fly continues to set the pace in the mining software space adding another global name to its client list. The company has signed a lucrative contract with alumina giant Alcoa USA Corp. which will see the K2fly’s innovative RCubed software implemented across six key sites globally delivering more than $570,000 into its coffers over its initial 5-year period.

Alcoa’s Wagerup alumina refinery in Western Australia. Credit: File

Software as a service provider, K2fly continues to set the pace in the mining software space adding another global name to its client list. The company has signed a lucrative contract with alumina giant Alcoa USA Corp which will see the K2fly’s innovative RCubed software implemented across six key sites globally delivering more than $570,000 into its coffers over its initial 5-year period.

Alcoa is one of the world’s largest bauxite miners, with the US-based behemoth operating two mines in Western Australia and a further two operations in Brazil. The miner is also partnered on several other operations in Guinea and Saudi Arabia, in addition to being a vertically integrated producer participating in all stages of the alumina cycle, from bauxite mining to the production of aluminium metal.

K2fly Chief Commercial Officer, Nic Pollock said: “We are delighted to be working with Alcoa as another NYSE listed user of our governance and reporting software and also an important operator in Western Australia.”

 

K2fly is a specialised mining software developer, with its flagship offering being its RCubed product, which is provided as a software as a service, or “SaaS”.  The software package facilitates the monitoring and reporting of mineral resources and reserves across various operations, allowing increased levels of management, oversight and validation for in-ground, mineable ore deposits. The service appears to be an ideal match for Alcoa’s globally diverse and evolving operations.

RCubed is currently in use at more than 200 mine sites across the globe and has been adopted by a range of resource sector participants including three of the big four iron ore miners in Australia, including Rio Tinto, Fortescue Metals Group and Roy Hill in addition to nuclear fuel producer Orana SA and now aluminium giant, Alcoa.

K2fly has also recently completed the acquisition of fellow SaaS provider, SATEVA which offers a range of stand-alone mining and production software, complementing K2fly’s own product line. SATEVA’s block modelling, stockpile management, strategic planning and professional development solutions adds further depth to the company’s SaaS products in addition to providing access to a wider client base across the mining sector.

The new contract with Alcoa adds to an already impressive client list for K2fly and serves to highlight the increasing demand for K2fly’s expanding suite of software products and with Alcoa working in locations as diverse as Australia, Brazil and Africa, the tie-up between the two groups may prove to be the tip of the iceberg as the miner continues to build its operations across the globe.

The company is also in discussions with a growing list of other miners, not just in Western Australia, but around the world. Indeed, the next 12 months are shaping up as a pivotal time for the vanguard software developer as it seeks to cement its place in the specialised mining technical assurance market.

 

Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au

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