- K2Fly (K2F) pens a contract for its tailings solution to be rolled out across 38 facilities globally
- Sibanye-Stillwater has signed the five-year contract for K2fly’s Decipher Mining Tailings Management solution, with a total contract value of $2.85 million, including non-recurring implementation fees
- The contract is set to generate an average returning revenue of $475,000 and marks the fifth International Council on Metals and Mining member to sign on to the solution
- K2Fly is trading 5.88 per cent up at 27 cents at 10:43 am AEST
K2Fly (K2F) has penned a contract for its tailings solution to be rolled out across 38 facilities globally.
Sibanye-Stillwater has signed the five-year contract for K2fly’s Decipher Mining Tailings Management solution which the company will rollout globally, with a total contract value of $2.85 million, including non-recurring implementation fees.
The contract is set to generate an average returning revenue of $475,000 and marks the fifth International Council on Metals and Mining (ICMM) member to sign on to the solution.
Sibanye-Stillwater is one of the world’s largest primary producers of platinum, second largest primary producer of palladium and third largest producer of gold on a gold equivalent basis.
K2fly’s Decipher Solution is said to allow the integration of multiple data sources related to safe tailings management across Sibanye-Stillwater’s global operations into a single platform, facilitating transparent disclosure and reporting, analytics and performance visualization.
“This is our first solution with Sibanye-Stillwater and we are very proud to be working with another precious metals producer and another ICMM member that take their ESG commitments very seriously,” Nic Pollock Chief Executive Officer of K2Fly said.
“K2fly now works with five of the top ten gold producers globally.”
K2Fly was trading 5.88 per cent up at 27 cents at 10:43 am AEST.