PanAust has been acknowledged by software firm SAP for its work to improve operational efficiencies at the 2019 Australia and New Zealand SAP Best Run Business Awards where it was named as a finalist of three in the data and analytics category.
PanAust is developing the advanced exploration copper gold Frieda River project in PNG.
"The awards celebrate the achievements of SAP customers and partners who are leveraging its technology to transform their businesses and drive innovation. PanAust's internally developed digital operational reporting dashboard was recognised as a solution that had ‘benchmark' potential for the mining industry," PanAust said.
PanAust says the Dashboard collates data required for daily site operational meetings. More than 50% of processing, mining, fixed and mobile maintenance reliability and support services production figures are now automated and accessible in the one, easy to use application.
The company says the application has improved meeting efficiency by reducing manual data entry and has become a powerful tool for data visualisations and operational key performance indicators.
PanAust executive chairman Dr Qun Yang said the recognition highlighted how PanAust was committed to identifying opportunities that would enhance operational efficiencies to sustainably increase production and cost outcomes.
"The daily operations reporting dashboard has transformed the way site teams report operational data. It has increased daily site operational meeting efficiency by 75% and reduced the time to produce daily reports by one hour."