Monday, March 02, 2015

Wolf Minerals to open first British metal mine for 45 years using IFS Applications

Wolf Minerals

IFS Applications to support Wolf Minerals’ maintenance, finance, supply chain, HR and payroll processes

IFS, the global enterprise applications company, has today announced that Wolf Minerals Limited, an Australian/UK specialty metals company, will be deploying IFS Applications™ as its ERP system when it opens its first UK mine near Plymouth, Devon. The order is valued at £300,000.

Wolf Minerals is developing a major global tungsten and tin production hub at its Drakelands Mine, which will produce about 3.5% of forecast world demand for tungsten in 2016. Wolf Minerals’ objective is to have a core set of IFS functionality up and working prior to its full operations, which are scheduled to go live in summer 2015.

This announcement marks a great start of the year for IFS. Paul Massey, Managing Director, IFS comments, “ This is a significant project that will see not only Britain’s first new metal mine for 45 years, but also the development of the world’s third largest tungsten resource. The objective for IFS and Wolf Minerals is to implement finance, maintenance management, HR, payroll and supply chain tools for phase one, with a view to expanding IFS functionality further as the site kicks off operations, including the deployment of the IFS Mobile Work Order capabilities.

Jeff Harrison, Wolf Minerals UK Operations Manager, said of the decision, “It is imperative that as we implement our new IT system that this is done on the basis of proven, reliable foundations and with applications which are focused on how our business operates and can adapt with the growth of the business. Not only has IFS provided this, but also an excellent consultation throughout this process.”

About Wolf Minerals Ltd

Wolf Minerals is a dual listed (ASX: WLF, AIM: WLFE) specialty metals company. With global demand for tungsten rising and future global production expected to be constrained, Wolf Minerals is developing the third largest global tungsten resource at its Hemerdon project, located in the south west of England. The Company has strong cornerstone investors and project finance and environmental permitting in place. Production is expected to commence in mid-2015.

About IFS 

IFS™ is a globally recognized leader in developing and delivering business software for enterprise resource planning (ERP), enterprise asset management (EAM) and enterprise service management (ESM). IFS brings customers in targeted sectors closer to their business, helps them be more agile and enables them to profit from change. IFS is a public company (XSTO: IFS) that was founded in 1983 and currently has over 2,700 employees. IFS supports more than 2,400 customers worldwide from local offices and through partners in more than 60 countries. For more information visit: www.ifsworld.com.
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Contact Information

Vice President, Corporate Communications Oliver Pilgerstorfer

Phone: 44 1494 428900

Contact Oliver Pilgerstorfer

Head of IR Frédéric Guigues

Phone: +46 8 58 78 45 00

Contact Frédéric Guigues