Mincom has announced a new agreement with Colossus Minerals, a development-stage mining company with an exploratory gold and platinum project in Brazil.

Under the agreement, Colossus has licensed the Mincom Ellipse solution for Enterprise Asset Management (EAM) and Enterprise Resource Planning (ERP) to maximise operational efficiency during the exploratory stage of its flagship Serra Pelada mining project.

In addition to Mincom Ellipse, Colossus has licensed Mincom LinkOne, a graphical content-delivery solution providing maintenance workers with timely and accurate parts information to help reduce equipment downtime and improve maintenance efficiency.

“To support the development and growth of the Serra Pelada mining project in Brazil, a robust and auditable enterprise solution – with a strong maintenance-planning module developed for the mining industry – was required. Colossus believes that Mincom Ellipse is the solution”

The company will implement Mincom Ellipse leveraging the on-demand delivery model and other support services provided by Mincom.

“To support the development and growth of the Serra Pelada mining project in Brazil, a robust and auditable enterprise solution – with a strong maintenance-planning module developed for the mining industry – was required. Colossus believes that Mincom Ellipse is the solution,” said Steve Poad, chief financial officer, Colossus Minerals Inc.

Taking a phased approach to implementation, Colossus will initially deploy Mincom applications for finance, as well as maintenance and materials management. With Mincom Ellipse, mining companies such as Colossus can manage the complete asset lifecycle of their capital equipment, maximising productivity and minimising downtime. They can also significantly reduce working capital by optimising inventory levels, thereby improving supplier management and streamlining procurement processes.

Colossus is a minerals development company focused on the Serra Pelada high‐grade gold‐platinum‐palladium project in Para State of Brazil. Between 1980 and 1986, Serra Pelada was host to the largest precious metals rush in Latin American history.