Dannemora Mineral chooses Infocube as its Jeeves ERP supplier

Dannemora Mineral chooses Infocube as its Jeeves ERP supplier

Mining and exploration company Dannemora Mineral AB, comprised of two wholly-owned subsidiaries Dannemora Magnetite AB and Dannemora Förvaltnings AB, chose Infocube as its partner to implement an ERP solution that is part of Infocube Complete following a procurement process. Infocube Complete is a full business system support that includes Jeeves Universal as well as portal, CRM and BI solutions. According to the contract with Dannemora Mineral, signed with Infocube's regional office in Stockholm, Infocube will also install QlikView as a BI tool.

The Dannemora Mine dates back to the days of Gustav Vasa. Operations closed in 1992 but the substantial increase in steel production worldwide has generated new market conditions for iron ore. In 2005, Dannemora Mineral AB was founded for the purpose of resuming operations at the mine. 

Production start at Dannemora Mine is scheduled for the second quarter of 2012. A large number of investment projects, for a total cost of over SEK 1 billion, have been underway for several years. Although production has not yet started, demand for iron ore is intense.  Agreements were signed with two major European steel producers in 2011.

The ERP system's openness and flexibility is crucial

Building new business and finance processes is just one of the many projects to be completed before operations resume. This includes the implementation of a new business system and Niklas Kihl, CFO at Dannemora Mineral, emphasizes that openness and flexibility were two crucial reasons for choosing Jeeves Universal.

"Since we're building all the processes from scratch, it was important for us to choose a ERP system that is open and flexible and that can be modified to suit new requirements that may arise as the business grows. Jeeves meets these demands. We chose Infocube as our supplier because we're confident the company has the resources and expertise needed to collaborate long term in providing a good business system solution. Infocube also demonstrated throughout the procurement process an ability to quickly familiarize itself with our business and the requirements we have for the processes we will build," says Niklas Kihl.

Dannemora Mineral's Class B shares are traded on First North in Stockholm since May 2007 and on Oslo Axess since June 2010. The company plans to eventually list its shares on NASDAQ OMX main market list. The fact that the company is listed adds to the requirements placed on the new business system.

"As a listed company, high demands are placed on accuracy in our financial statements which must always be correct, as well as high demands on key figures internally.  Mining operations are divided into a number of production and processing processes and it is essential that our employees have access to reporting tools that give them complete cost control over the various processes. QlikView will provide us with a BI tool that makes it easy to access production-related key figures," continues Niklas Kihl.

Infocube's Jeeves implementation project will run from the beginning of 2012 until the end of March when operations resume. During the implementation phase, Jeeves will be integrated with Dannemora Mineral's pre-system in the form of a maintenance system and a production control system. Jeeves will be used in all Dannemora companies and the system is expected to have about 20 users.

Carl Johan Ahlsell, Regional Manager at Infocube in Stockholm, feels that the contract with Dannemora Mineral validates Infocube's market position as a strong business system support partner for production-oriented companies.

"Our combined experience is today made up of several hundred projects related to the Jeeves business system. I am very pleased that more and more companies, just like Dannemora Mineral, value the additional solutions we offer for Jeeves. QlikView is one good example of such solutions. When it comes to complete business solutions where the actual business system is the core, we see clear indications of a growing demand. The fact that we can expand and modify functionality with various additional products included in Infocube Complete makes us a strong partner," concludes Carl Johan Ahlsell. 

For more information, please contact:

Niklas Kihl, CFO, Dannemora Mineral, tel. +46 295 24 44 20, niklas.kihl@dannemoramineral.se

Carl Johan Ahlsell, Region Manager, Infocube, tel. +46 8 586 167 08, carl.johan.ahlsell@infocube.se

Sami Aaraj, Marketing and Sales Manager, Infocube, tel. +46 31 775 66 37, sami.aaraj@infocube.se