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FINANCIAL NEWS
Saudi Ma’aden awards USD2.8m contract to Ventyx
21 Aug 2012
(MENAFN) Ventyx, an affiliate of Swiss engineering firm ABB, inked a USD2.8 million deal with Ma’aden Gold and Base Metals Company to provide its market-leading mining operations software solutions to enhance planning and performance in Ma’aden’s gold operations, the company said in a press release.
Ventyx is a world-leading supplier of Industrial Enterprise Software for essential industries such as energy, mining and public infrastructure.
Ma’aden Gold will implement Ventyx Intelligent Mining Solutions across the four existing gold mines.
Ma’aden Gold is deploying two core mining applications from Ventyx’s mining software portfolio: Ventyx Production Accounting, which streamlines metal accounting and provides insight into plant performance, and Ventyx MineMarket, which allows mining companies to track ore movements from the mine to the plant, manage stockpiles, track and manage logistics, and manage the complex sales and service contracts related to delivering product to their customers.
The company also has plans to significantly boost its gold output in the coming years with a number of new projects due to come online.
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