Mincom Continues Its Acquisition Trail.Mincom Acquires JKTech's Metallurgical Accounting Solution DENVER -- Mincom Limited, the largest stand-alone Enterprise Asset Management (EAM (1) (Enterprise Asset Management) The management and control of the information technology assets within the enterprise. The asset management repository includes a description of the asset as well as contract information pertaining to its acquisition. ) solution provider globally, today announced it has acquired the metallurgical accounting solution from JKTech, a leading Australian mining technology provider and technology transfer company of the world renowned Julius Kruttschnitt Mineral Research Centre (JKMRC JKMRC Julius Kruttschnitt Mineral Research Centre (Australia) ) at the University of Queensland The University of Queensland (UQ) is the longest-established university in the state of Queensland, Australia, a member of Australia's Group of Eight, and the Sandstone Universities. It is also a founding member of the international Universitas 21 organisation. . The acquisition of JKTech's software system, JKMetAccount, strengthens Mincom's mining and metallurgical capabilities and software solution offering to the global mining industry. As part of the agreement, Mincom and JKTech have also agreed that Mincom will have first right of refusal over third parties to acquire JKTech's other software solutions for further commercialization. Richard Mathews, Mincom Chief Executive Officer, said, "The acquisition of JKTech's software solutions increases Mincom's technical mining platform by providing advanced solutions to the mining and metal processing industry. JKTech has a strong track record for developing systems that enable mining and mineral processing mineral processing or ore dressing Mechanical treatment of crude ores to separate the valuable minerals. Mineral processing was at first applied only to ores of precious metals but later came to be used to recover other metals and nonmetallic minerals. organizations to enhance their product recovery. "By combining Mincom's mining solution set with JKTech's production accounting system, we can provide a market-leading solution to our customers that meets their unique needs and requirements in product and inventory reporting." JKTech's Managing Director, Dr. Geoff Gault n. 1. (Geol.) A series of beds of clay and marl in the South of England, between the upper and lower greensand of the Cretaceous period. , said, "Mincom provides the global presence and software expertise to take JKMetAccount to the next level commercially. The acquisition will put Mincom at the forefront of production accounting in the global mining industry now and in the future. It also provides the platform for future co-operation to pursue other software application opportunities." Dave Stevenson, Mincom Vice President - Mining, said, "Production accounting is a vital tool for the minerals industry similar to financial accounting, except rather than tracking the movement of finance, it focuses on the movement of metal and mineral products through mining, enrichment, refining and distribution. We now have solutions that are geared to provide better reporting in line with regulatory requirements. The addition of a metallurgical accounting solution will assist mining and metal processing facilities to align themselves with key accounting codes of practice." This acquisition reinforces Mincom's commitment to the global mining industry following on from the acquisition of Comlabs Systems (South Australia South Australia, state (1991 pop. 1,236,623), 380,070 sq mi (984,381 sq km), S central Australia. It is bounded on the S by the Indian Ocean. Kangaroo Island and many smaller islands off the south coast are included in the state. in 2005) and Exedra ex·e·dra n. 1. A usually curved outdoor bench with a high back. 2. An often semicircular portico with seats that was used in ancient Greece and Rome as a place for discussions. (South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. in 2004). About Mincom Mincom Limited is an international company based in Brisbane, Australia, with more than 25 years experience in providing business solutions to asset intensive industries such as mining, utilities, transport, defence and government in more than 40 countries. The company has more than 1,200 staff in 19 offices across Australia, North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , South America, Southeast Asia, Africa, and Europe. For more information about Mincom, visit: www.mincom.com. About JKTech JKTech Pty Ltd is the technology transfer company for the Julius Kruttschnitt Mineral Research Centre (JKMRC) at the University of Queensland. Its role is to take viable research outcomes and transfer them to the international minerals industry. JKTech offers a range of innovative solutions for the minerals industry aimed at increasing productivity and metal recovery. These specialist products and services include consulting, automated quantitative mineralogy mineralogy Scientific study of minerals, including their physical properties, chemical composition, internal crystal structure, occurrence and distribution in nature, and origins or conditions of formation. , specialist software, specialist equipment, laboratory services and training courses. For more information about JKTech, visit: www.jktech.com.au. |
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