Challenge
Because fuel is one of the most significant costs on a mine site, unauthorised use can weigh very heavily on the bottom line. Check out how a mine site addressed the concern that their contractors were using more fuel than they were approved, (they had no way to set a dispense limit). They felt they were unable to accurately bill their contractors for fuel, as governed by their contracts.
TFM is owned by China Molybdenum Company Ltd. Through the safe production of copper cathode and cobalt hydroxide, TFM produces vital metals for transportation, computers, construction, and emerging technologies. In 2019, 177,956 tonnes of copper and 16,098 tonnes of cobalt were produced.
Players
VERIDAPT is a world leader in digital solutions for commodity supply chains. Their fuel management system, AdaptFMS, provides significant improvements in operational efficiency and productivity improvements for Ramjack’s global customers. The company has pioneered the most comprehensive fuel management system in the industry, complete from sensors to software to savings.
FluidIntel is a technology-driven company focused on delivering hydrocarbon management solutions to businesses across the globe.
Servicing the mining sector, FluidIntel has been delivering innovative, result-oriented solutions for some of the world’s leading companies
Benefit
The client reported fuel savings in the first year of $527,000, from a total fuel spend of $100M. This includes savings generated through the Dispense Limit feature, safe fuel levels, and other fuel authorisation technology.
Technology
Solution
VERIDAPT developed a special feature for our existing AdaptFMS, which enables the client to limit the amount of fuel each vehicle can take per shift, per week, or per month. This means that vehicles can only be filled up once per shift (or other nominated period), which stops drivers taking additional fuel off site, or filling up personal jerrycans.
Results
The client reported fuel savings in the first year of $527,000, from a total fuel spend of $100M. This includes savings generated through the Dispense Limit feature, safe fuel levels, and other fuel authorisation technology.
