SOURCE: Triple Point Technology

Triple Point Technology

October 29, 2012 08:00 ET

Dundee Precious Metals Selects Triple Point's Metallurgical Accountant Solution

WESTPORT, CT--(Marketwire - Oct 29, 2012) - Triple Point Technology, the leading global provider of cloud and on-premise Commodity Management software, announced today that Dundee Precious Metals Group has selected Triple Point's Algosys Metallurgical Accountant™ solution for mass balancing and reconciliation. Dundee Precious Metals (DPM) is an international mining company engaged in the acquisition, exploration, development, and processing of precious metals.

DPM required a sophisticated metallurgical accounting solution to automate mass balancing and reconciliation for its commercial-scale metals processing and smelting operation in Namibia. The company chose Triple Point's Algosys Metallurgical Accountant because of its unique, state-of-the-art mass balancing technology, which is recognized worldwide for its advanced data reconciliation and measurement error analysis features. Metallurgical Accountant was also selected because it enables the metallurgical accounting process to be integrated enterprise-wide, providing a single, accurate, and auditable view of production that maximizes profitability and ensures compliance with AMIRA metal accounting guidelines.

Metallurgical Accountant comprises a key component of the commodity supply chain by recording and tracking mineral and metal data from its initial raw status through to its final transformation into official plant production figures. Customers include ArcelorMittal, Rio Tinto, Newmont Mining Corp., Teck, Vale, and Xstrata.

"The largest mineral and metal companies worldwide rely on Metallurgical Accountant because it is the most powerful enterprise solution for supporting all steps of the metallurgical accounting process," said Frédéric Flament, general manager, Triple Point. "We're proud to welcome Dundee as our newest Metallurgical Accountant customer."

For more information on Triple Point's Algosys Metallurgical Accountant, visit tpt.com/algosys.

About Triple Point Technology
Triple Point Technology® is the leading global provider of cloud and on-premise Commodity Management software that delivers advanced analytics to optimize end-to-end commodity and energy value chains. The company provides real-time, innovative solutions to competitively address the complex and volatile commodities supply chain: buying, selling, trading, and procurement; enterprise risk management; scheduling and logistics; storage; processing; and settlement and accounting. 

Triple Point's Commodity Management platform enables over 400 customers in 35+ countries to profitably manage exposure to energy and raw materials across industries, including energy, metals, minerals, agriculture, transportation, shipping, consumer products (CP), industrial manufacturers, and big box retailers. Triple Point was named a "Leader" in Gartner's ETRM Magic Quadrant for its completeness of vision and ability to execute in 2009, 2010, 2011, and 2012. Founded in 1993, the company employs over 800 staff in 14 offices and support centers around the globe. www.tpt.com.

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