The adoption of mining industry-specific technologies can lead to better planning and more accurate production results in the end-to-end mining process.
Mining companies should invest in more efficient integrated solutions to accurately track and control the grades and value of commodities at any given point throughout the production cycle.
A production accounting system enables mining stakeholders to gain control over the production revenue tracking and grade quality monitoring. It facilitates proactive risk management through timely and accurate production tracking, calculations, and measurements.
The benefits include but are not limited to enhanced production output performance, improved production planning, and superior quality control.
Specifically, a production accounting system such as the xMMP Production Accounting Module 2 (PAM 2) is used in processing plants and tracks the location and value of the commodity. The goal is to improve the visibility and control of the revenue generated from the plants’ output.
Microsoft Dynamics Ax Production Accounting Module 2 (PAM 2) is the second module within our Production Accounting Module software suite included in the xMMP (exploration, Mining and Metals Processing) platform. PAM 2 is used in processing plants and tracks the location and value of the commodity, essentially improving the visibility and control of the revenue generated from the plants’ output.
Following its arrival from the mine, the raw material (ore, coal, etcetera) enters the plant, and the flow is usually processed in batches. PAM 2 oversees and monitors all material processing, including crushing, milling, flotation, smelting and washing as it tracks the value.
PAM 2 is the second module within the Production Accounting Module software suite included in the xMMP (exploration, Mining and Metals Processing) platform designed exclusively for mining and mineral processing operations.
The xMMP PAM 2 module provides accurate production accounting functionality, which is essential to improving the required real-time visibility and control from pit to stockpile.
Mining organisations can then monitor plant stock values, costs and projected revenue in real time, using a single-source, auditable, access-controlled record of the value of the plant stock and its bought and sold materials at any time. This process eliminates duplications, variations, and inaccurate data spreadsheets.
Furthermore, PAM 2 ensures compliance with industry-specific reporting codes such as AMIRA P754 and can be easily integrated with other Dynamics AX modules within the XMMP suite.
Decision Inc. Immix’s software provides extensive exploration, Mining, and Mineral Process (xMMP) solutions for key mining requirements, including functionality required for nearly all of the Total Life of Mine (LOM) requirements.
Microsoft Dynamics AX serves as the platform for the xMMP product suite and is a world-class global Enterprise Resource Planning (ERP) solution used by over 20 000 businesses across the globe.
Contact Decision Inc. Immix and speak to one of our experienced Microsoft Dynamics ERP consultants if you would like to see how an ERP system can help your business, and learn more about PAM 2, its key functionalities, and key benefits.