Reconciliation partnership
How do we help companies to
increase their operational efficiency?
Trusted by most prominent brands:
Symptoms of poor
reconciliation
performance
Some of the challenges associated with achieving
data transparency across the mine value chain
Discrepancies
Significant discrepancies between planned and actual production volumes or grades
No visibility
Limited visibility into reconciliation data, leading to suboptimal decision-making
disruptions
High incidence of production and operational disruptions due to reconciliation issues
Inventory mistmatches
Frequent inventory variances or stockpile imbalances
unreliable reports
Inconsistent or unreliable reconciliation reports
Non identified issues
Difficulty in identifying root causes of reconciliation discrepancies
time limitations
Lengthy and time-consuming reconciliation processes
Manual errors
Inefficient use of resources due to manual data entry and calculations
Non standardized processes
Lack of standardization in reconciliation practices across different mine sites
What does reconciliation best practice look like?
Data Integration and Validation
• Integrating data from various sources, such as geological models, mine planning, and production records.
• Implementing rigorous data validation and quality control measures to ensure data accuracy and consistency.
01
02
Standardized Workflows and Procedures
• Establishing standardized workflows and procedures for reconciliation activities across all mine sites.
• Clearly defining roles, responsibilities, and timelines for each step of the reconciliation process.
Regular Monitoring and Reporting
• Implementing regular monitoring of reconciliation performance to identify discrepancies and anomalies promptly.
• Generating comprehensive and timely reports that provide insights into production volumes, grades, and inventory balances.
03
04
Automation and Technology
• Leveraging advanced software and technology tools to automate data capture, calculations, and reporting.
• Utilizing data visualization and analytics capabilities to gain actionable insights and identify trends or patterns.
Continuous Improvement
• Conducting regular reviews and audits of reconciliation processes to identify areas for improvement.
• Embracing a culture of continuous learning, training, and upskilling to enhance reconciliation expertise within the organization.
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06
Collaboration and Communication
• Promoting effective collaboration and communication among cross-functional teams involved in reconciliation activities.
• Facilitating knowledge sharing and information exchange to foster a holistic understanding of reconciliation processes.
Risk Management
• Identifying and mitigating risks associated with reconciliation, such as data integrity issues, process bottlenecks, or inadequate controls.
• Implementing robust risk management strategies to ensure the reliability and accuracy of reconciliation outcomes.
07
08
Documentation and Governance
• Maintaining comprehensive documentation of reconciliation processes, methodologies, and assumptions.
• Adhering to governance frameworks and regulatory requirements to ensure transparency and compliance
Stakeholder Engagement
• Engaging relevant stakeholders, including mine management, operations teams, and auditors, in the reconciliation process.
• Seeking input and feedback to improve reconciliation practices and align them with broader organizational goals.
09
10
Performance Evaluation
• Establishing key performance indicators (KPIs) and benchmarks to evaluate reconciliation performance over time.
• Regularly reviewing and analyzing reconciliation results to identify areas of success and areas that require further attention or improvement.
Talk to us today
Expected benefits
Snowden Optiro provides technical and commercial advice to assist clients with investment decisions at or before commencement and maximise operational value throughout the mining cycle. Our team of geologists, mining engineers and other mining professionals are among the most experienced consultants in the industry
Our mining reconciliation experts
Our world-renowned consultants, who have dedicated their careers to the mining industry, will work closely with your team to build a customised plan for mineral resource reconciliation that will attend your business needs.
Alessandro Silva
Alessandro is a Geologist, MSc in Resource Evaluation. Experienced in Mineral Resource and Mineral Reserves Evaluation for Projects, Mining Operations. Main commodities experience in Gold, Silver, Copper-Gold Systems, Mining Production, Mining Reconciliation, Exploration, Resource to Reserves Strategy. FAusIMM, SME Registered Professional and PQR.CBRR. Significant experience with AngloGold Ashanti and with Snowden Optiro reconciliation reviews.
Ian Glacken
Experienced consultant and mining industry professional active in the mine geology, training, reconciliation, geostatistics and resource geology. Specialties: Resource evaluation and audit, QP and CP work, QAQC, Sampling, geostatistics, reconciliation analysis, training and mentoring.
Developed and presents Snowden Optiro’s reconciliation training; conducts regular site reviews and gap analysis
Matt Mullins
Matt has +42 years’ experience in the mining industry in resource optimisation, in project development and in M&A’s. This has been across most major commodities, across the value chain, and in many countries, across the Americas, Europe, Africa and Australasia. Matt has led or participated in numerous acquisition and divestment studies, across gold, PGM’s, base metals, and bulk minerals. Wide industry experience within BHP and elsewhere.
