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More metals and minerals are being mined and consumed than ever before. The emerging markets are adding their weight to world demand.

Since the Sarbanes-Oxley Act was introduced, the mining industry has recognised its need for better corporate governance and for adopting a globally standardised financial reporting system. Subsequently, a Code of Practice has been introduced and metal accounting is now a far better practice than before.

Metal accounting used to be seen as ancillary to the satisfactory operation of a plant. Nowadays there is more attention to the precision of mass measurement, sampling and analysis, which helps in the efficient installation and longer term operation of equipment.

Having established a Code of Practice, operators can improve their risk management to quantify, manage and reduce the risks of failures and shortcomings in its metal accounting systems.

TGS has clients in the metals industry and has experience of the development of these new reporting systems. We can assist clients wherever necessary in this area. TGS can also assist with acquisitions and mergers.

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