- K2fly (K2F) wins a five year contract with Alcoa USA Corp for its Tailings Management software as a service contract to roll out to seven sites globally
- Aloca is one of the world’s largest bauxite miners with mines in Australia, Brazil, Guinea and Saudi Arabia
- The contract is worth more than $1.5 million and has the potential for additional Alcoa sites to be added in the future
- On the market this morning, K2fly is up 5.77 per cent and is trading at 27.5 cents per share at 12:35 pm AEST
K2fly (K2F) has won a five year contract with Alcoa USA Corp for its Tailings Management software as a service contract to roll out to seven sites globally.
Aloca is one of the world’s largest bauxite miners with a total of seven mines across Australia, Brazil, Guinea and Saudi Arabia.
This is the third International Council for Mining and Metals (ICMM) member to take up K2fly’s tailings solution.
The contract is worth more than $1.5 million and has the potential for additional Alcoa sites to be added in the future.
The company says this contract shows the increasing demand for the tailings solutions, following the acquisition of Decipher.
As more companies commit to the global industry standard on tailings management, K2fly is likely to see continued growth in this solution.
ICMM is an international organisation that is dedicated to a safe, fair and sustainable mining and metals industry.
On the market this morning, K2fly was up 5.77 per cent, trading at 27.5 cents per share at 12:35 pm AEST.