North American mineral development company
elevates project and information management and financial
efficiency with Oracle Primavera Cloud, Aconex, and
NetSuite
AUSTIN,
Texas and NEWFOUNDLAND, Jan. 14,
2025 /PRNewswire/ -- Atlas Salt, Inc., a new
developer in Canada's mining
industry, is digging into Oracle's project and financial management
solutions to support the development of the Great Atlantic Salt
(GAS) deposit. The GAS project, which is set to initially produce
up to 2.5 million tons of rock salt annually, represents
North America's first new salt
mine in nearly three decades.
With the Oracle solutions, including Oracle Aconex, Oracle
Primavera Cloud, and Oracle
NetSuite, Atlas Salt will be able to optimize its operations to
accelerate project timelines, address potential supply chain
disruptions, and help control costs. For instance, Atlas Salt will
be better able to manage long lead times for critical equipment,
such as mining machinery and transformers, by incorporating
potential delays directly into the project plan. Atlas Salt
anticipates that efficiencies unlocked by these tools will save
millions of dollars and cut several months off the project timeline
set out in the feasibility study for the GAS Project issued on
May 1, 2024.
"Oracle's project and financial management solutions have given
us a reliable and secure technology backbone that is helping
transform how our teams collaborate and communicate," said
Andrew Smith P. Eng, ICD.D, Mine
Project Manager, Atlas Salt. "By providing a single source of truth
for our data, including drawings, approvals, and documents, we can
quickly incorporate feedback from in-field contractors into our
project schedules, helping us stay agile and proactive in
addressing any scheduling issues or risks. We anticipate that the
collaborative tools and methodologies provided by these solutions
will result in significant time and cost savings that set us up to
achieve our goal to deliver the GAS Project as Canada's next salt mine."
Enhancing collaboration, transparency, and financial
efficiency
Oracle Aconex is supporting Atlas Salt's work on the Great Atlantic
Salt deposit - now moving into its execution phase - with critical
capabilities for collaboration and change, as well as information
and cost management. In tandem, Oracle Primavera Cloud is
connecting data and teams through centralized planning and
scheduling. This is helping maximize resources, minimize risk, and
keep projects on track. In addition, Atlas Salt will use NetSuite's
enterprise resource planning system to help improve visibility
across the business, optimize corporate budgeting, and simplify
procurement processes.
With the integrated Oracle system, Atlas Salt will have the
critical visibility and accountability to drive efficiency across
operations and strengthen relationships with key stakeholders,
including regulatory bodies and local communities. In tandem,
real-time tracking and enhanced financial forecasting will help
Atlas Salt improve cash flow management and maintain the financial
discipline required to attract potential new funding from investors
and lenders.
"By integrating project budgets, schedules, and workflows into a
single, integrated system, Atlas Salt can better manage complex
project dynamics and make real-time adjustments to work plans and
financial forecasts," said Mark
Webster, senior vice president and general manager, Oracle
Construction and Engineering. "Oracle's solutions bring teams
together and enable Atlas Salt to present more robust and
transparent financial models to potential investors, strengthening
its position to secure funding and ensure long-term project
success."
About Atlas Salt
Atlas Salt Inc. is developing Canada's next salt mine and is committed to
responsible and sustainable mining practices. With a focus on
innovation and efficiency, the company is poised to make
significant contributions to the North American salt market while
upholding its values of environmental stewardship and community
engagement.
About Oracle Construction and Engineering
Asset owners and project leaders rely on Oracle Construction and
Engineering solutions for the visibility and control,
connected supply chain, and data security needed to drive
performance and mitigate risk across their processes, projects, and
organization. Our scalable cloud construction management
software solutions enable digital transformation for teams
that plan, build, and operate critical assets, improving
efficiency, collaboration, and change control across the project
lifecycle. www.oracle.com/construction-and-engineering.
About Oracle NetSuite
For more than 25 years, Oracle NetSuite has helped organizations
grow, scale, and adapt to change. NetSuite provides an integrated
system that includes financials / Enterprise Resource Planning
(ERP), inventory management, HR, professional services automation
and omnichannel commerce, used by more than 40,000 customers in 219
countries and dependent territories.
About Oracle
Oracle offers integrated suites of applications plus secure,
autonomous infrastructure in the Oracle Cloud. For more
information about Oracle (NYSE: ORCL), please visit us
at oracle.com.
Trademarks
Oracle, Java, MySQL and NetSuite are registered trademarks of
Oracle Corporation. NetSuite was the first cloud company--ushering
in the new era of cloud computing.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/atlas-salt-unifies-project-teams-and-data-with-oracle-cloud-302349511.html
SOURCE Oracle