Prior to implementing Metallurgical Intelligence®, the Katanga copper-cobalt operation was overstating its financial performance by over US$41.9m, which led to an investigation by the Ontario Securities Commission. Since implementing MI Core® and a digital twin, the plant now has a highly accurate and centralised source of data.
In 2017, Katanga Mine released the findings of an investigation into their production accounting which found that copper cathode production for a previous year was overstated by 6,650 tonnes – equivalent to overstating financial performance by US$41.9 million. This announcement led to the company’s share price dropping 56%, and an investigation by the Ontario Securities Commission. Prior to the investigation, reporting was based in Excel spreadsheets. Data had little traceability and transparency, and was difficult to determine and analyse.
Our team was brought in to deploy MI Core® in order to radically improve the plant’s compliance. Introducing MI Core® and implementing a digital twin means the site’s authorised personnel now have a transparent, centralised and accurate source of information. Now, all data can be traced back to its original source, so if any outliers or discrepancies are found in the data, engineers can easily investigate and uncover the reason for the unusual data.
Thanks to this shortcut to digital transformation, Katanga Mine can now much more easily monitor and validate data that it reports on, as it can all be accessed through the MI Core® system and is traceable back to the source. Intermediate process inventories and streams that weren’t recorded previously are now calculated using the digital twin dynamic model to an hourly increment.
Our website stores cookies on your device and discloses information in accordance with our Cookie Statement. Choose ‘Customize Settings’ to control cookies. We may collect aggregate and anonymized data from your browser independent of your cookie preferences. Read More
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
This cookie is installed by Google Analytics.
This cookie is set by Google and is used to distinguish users.
Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.
This cookie is set by Active Campaign to denote that traffic is enabled for the website.
16 years 3 months 17 days 20 hours
These cookies are set via embedded youtube-videos. They register anonymous statistical data on for example how many times the video is displayed and what settings are used for playback. No sensitive data is collected unless you log in to your google account, in that case your choices are linked with your account, for example if you click “like” on a video.