As the first of many software releases slated for the current quarter, RungePincockMinarco’s latest XERAS release continues to enhance its user experience in strategic financial modelling. “A uniquely versatile financial modelling solution, XERAS is adept at handling short to medium budgeting requirements as well as complete life of mine planning. It has been mining’s trusted financial modelling solution for almost 20 years.” the company says. “This latest release adds innovations to save time and effort, new features and improvements to the popular Navigator pane as well as improvements for the calendar, quick charts, and graphing tools.”The Navigator pane, introduced to XERAS in early 2012, quickly guides users through the complexities of financial modelling using pre-defined workflows and shortcuts. Financial plans can be created with ease making XERAS highly usable for frequent and infrequent users.RungePincockMinarco’s technical experts can tailor Navigator workflows as templates to suit clients’ unique business processes, while power users can create their own. Existing templates can also be altered to help new and infrequent users of XERAS.Darren Rostron, XERAS Product Manager explained, “This new release of XERAS reaffirms our commitment to improving the user experience of XERAS for our customers. Through its usability and meaningful, logical structure, financial models prepared in XERAS continue to set the standard of rigorous financial discipline and corporate governance. By implementing XERAS early on in your mining operation, you set the standard for the life of your mine.”XERAS 7.12.1 is now available globally to both new and existing users.
Juan Andres Abarca reports that “Chile’s environmental evaluation service SEA approved more than $7 billion worth of mining projects in the first half of the year, according to information compiled by BNamericas.” The two largest to receive the go ahead from the environmental authorities were Barrick Gold’s $5.2 billion Cerro Casale copper-gold project in northern region III, and the $962 million expansion of state copper producer Codelco’s Salvador division, also in region III. Other projects that were approved include Codelco’s $244 million Quetena for its Chuquicamata division, and the $34.7 million expansion of Haldeman Mining’s (HMC) Tambo de Oro mine in region IV.The list of projects also includes oil well drilling and aggregate extraction, which, under existing regulations, fall under the mining category for evaluation purposes.“Of the 59 mining projects that were approved by the authorities only seven had planned investments above $50 million, while 45 projects had planned investment of $10 million or less,” Abarca explains.“On average, the projects were approved six months after being submitted for evaluation. Barrick’s Cerro Casales project was approved after 18 months, while Codelco’s Salvador division project was approved after 13 months, according to SEA figures.”