Mine Budgeting and Forecasting

XempleX provides mine budgeting and forecasting solutions to satisfy a broad range of business activities:

• Mine Schedule capture
• Mine activity costing
• Material movement
  •  Blending
  •  Stockpile Movements
  •  Emergency Crushed ore stocks
  •  Recovery
• Variable Costs
• Fixed Costs
• Capital Costs
• Revenue
• Net Realisable Value Stockpile Revaluations
• Amortisation
  • Linked to mine plans
  • Supports multiple production/asset groups
  • Supports addition of new production areas to asset groups
• Depreciation
• Deferred Waste
• Rehabilitation
• Short term and long term borrowings
• Intercompany loans
• Dividends
• Tax Effect Accounting
• Impairment Testing
• Full Life of Mine Trial Balance
• Configured to your Chart of Accounts
• Weighted Average Summaries for KPIs
• End to End. Mine Plans to Consolidated Cash Flow, Income Statement, Balance Sheet.
• Multiple Scenarios

• Variable Time Intervals (e.g. Monthly for 12 months, Half Years for 2 years, Years for remainder)
•  Version Control
•  Uploads to ERP, BI, Consolidation Tools
•  Audit History

 
The XempleX mining solution for budgeting and forecasting consists of mine site models and corporate models. The two groups of models correspond to data management and analysis activities normally performed separately by the two functional groups.

This solution:

• Makes business rules auditable, maintainable, reusable, and flexible.
  
• Bridges the gap between technical and financial data and people.
  
• Supports a single integrated process for the analysis of all types of forecasts.
  
• Supports scenario analysis by comparing different sets of assumptions about mine schedules, other investments, costs, prices etc.
  
• Allows staff to respond quickly to requests for information.
  
• Closes the loop between forecasting and actuals.
  
• Supports industry compliance regulations such as Sarbanes-Oxley and IFRS.

Mine site models work from the basis of the mine schedules and focus on activities and physical data. Mine costs models combine the mine schedules with labour rates, fuel costs etc to produce standardised mine costs data.

Production models combine the same mine schedules with physicals data: stockpile opening balances, consumption, recovery rates etc. This generates material movements data which also feeds into the mine costs data store.

The same mine schedules, material movements and mine costs data is used in the next phase of the process at head office.

Corporate XempleX models use data generated by mine site models to produce consolidated financial data.