From Pit to Boardroom.
Your mine plan lives in one system. Your cost data in another. Your board pack in a spreadsheet someone emailed at midnight. riicu connects geology to economics — ore flow to cost base, stripping decisions to capitalisation, grade variance to margin — in one model the CFO can defend to the board and the auditor.
Connected to your mining ERP, fleet management, and geology systems. Cost per unit, ore movements, and block production reconciled at close.
Your mining ERP handles production accounting, inventory, and procurement. riicu handles what the CFO needs on top of that – scenario planning, stockpile valuation decisions, multi-entity close, and board-ready reporting that ties geology to economics.
Not an ERP replacement. Not a generic finance tool that has never heard of a stripping ratio. A financial intelligence layer purpose-built for mining CFOs and Controllers.
What Mining Finance Actually Looks Like
Stockpile Valuation Ambiguity
FIFO, weighted average, or topographic survey? The method you choose changes your CMVMC, your margin, and your auditor's comfort level. riicu applies the chosen method consistently each period, documents the topography and cost-per-cubic-metre inputs, and produces an auditor-defensible calculation — without depending on a spreadsheet only one person can use.
Stripping Cost Capitalisation
Which portion of stripping is current operations and which is future benefit? IFRIC 20 demands defensible segmentation. The auditor wants to see the calculation. The board wants to see the impact on EBITDA. riicu structures the IFRIC 20 segmentation with the team's defined criteria, applies it each period, and surfaces the EBITDA and balance sheet impact immediately — with an audit trail from the operational decision to the accounting entry.
Commodity and Grade Uncertainty
Your revenue depends on price, grade, and recovery rate. A 5% shift in any of them changes the viability conclusion. The CFO needs to model combinations, not single scenarios, and present the range to the board.
Rehabilitation and Impairment
IAS 37 provisions for environmental rehabilitation grow every year. IAS 36 impairment triggers depend on commodity prices and reserve estimates. IFRS 6 governs exploration assets. riicu models the IAS 37 provisions with sensitivity to discount rate and regulatory timing, runs the IAS 36 triggers against commodity prices in each scenario, and keeps IFRS 6 exploration assets separate from operating fixed assets — all linked to the same consolidated balance sheet.
Model Every Block. Every Grade. Every Price.
The ore flow plan is the financial backbone of a mining operation. riicu builds the model from your block data and keeps it connected to the P&L throughout the year — not just at budget time.
Build production and financial plans by mining block, ore type, and processing route. Link grade assumptions and recovery rates to revenue. Model commodity prices at multiple levels and see the impact on EBITDA, cash flow, and mine viability instantly.
No more stitching geology spreadsheets to finance spreadsheets. One connected model from pit to P&L.
See it in action| Block | Ore (Km³) | Stéril (Km³) | Ratio | Grade | Rev. ($M) |
|---|---|---|---|---|---|
| Block A | 520 | 1840 | 3.5:1 | 0.42 ct/m³ | $86.4 |
| Block B | 380 | 760 | 2.0:1 | 0.38 ct/m³ | $58.2 |
| Block C | 210 | 1050 | 5.0:1 | 0.51 ct/m³ | $47.6 |
Every Stockpile, Stripping Deferral, and Provision - Closed at Source.
Mining close begins underground. Ore movements set the cost base. Stripping deferrals under IFRIC 20 determine this quarter's capitalisation. Rehabilitation provisions under IAS 37 shift with discount rates and environmental re-assessments. These operational accounting judgments must be locked at the site before a single group elimination runs. riicu structures that sequence — ensuring each mine locks its operational accounting layer before group consolidation begins, with full visibility of what is open, what is pending, and what is blocking.
Each mine closes its own operational accounting layer - stockpile valuation method, grade reconciliation, development cost capitalisation - then feeds a locked trial balance to the group. FX translation across four currencies, deferred stripping amortisation, and rehab re-measurements are all visible before consolidation begins.
See it in action- Lumara DiamondStockpile · FIFO · Rehab postedLockeddone
- Terraluz LithiumStripping · IFRIC 20 capitalisedLockeddone
- Durnfeld GoldGrade recon · ROM vs plant openOpenactive
- Kavala CopperRehab re-meas · IAS 37 reviewReviewactive
- Group ConsolidationFX · ZAR USD AUD BRLAwaitingpending
Board-Ready Numbers. Mine-Level Detail.
Stop assembling board packs from five systems. Generate cost-per-carat variance bridges, EBITDA waterfalls, stockpile movement reports, and segment P&Ls from one source of truth.
Drill from the board summary to the mine block, to the processing plant, to the transaction. Two clicks.
See it in action$28.0
+$3.2
+$1.8
-$2.1
+$2.4
-$0.6
$32.7
Built for the Financial Complexity of Mining
Stockpile Valuation
FIFO, weighted average, or survey-based. Model stockpile cost per cubic metre with stéril component and auditor-defensible methodology.
Commodity & Grade Modelling
Link commodity prices, ore grades, and recovery rates to revenue forecasts. Multi-scenario analysis across price, grade, and volume combinations.
Stripping Cost Capitalisation
IFRIC 20 compliant segmentation between current operations and future benefit. Defensible calculation with audit trail from geology to GL.
Rehabilitation Provisions
IAS 37 environmental provisions with discount rate sensitivity, timing assumptions, regulatory jurisdiction mapping, and progressive accrual.
Impairment Testing
IAS 36 and IFRS 6 impairment modelling against reserve estimates, commodity prices, and mine life. CGU-level testing with documented assumptions.
Cost per Unit Analysis
Cost per carat, per ounce, per tonne. CMVMC decomposition, variance bridges, and rolling 12-month trends at mine, block, and processing level.
Royalties & Government Take
Model royalty structures, sliding-scale rates, government participation, and windfall levies against commodity price scenarios. See the impact on free cash flow available before any distribution.
Joint Venture & Partner Accounting
Cash calls, working interest tracking, partner billing and recovery, and JOA-compliant cost allocation. Reconcile non-operated venture statements against your own books with a defensible audit trail.
Hedging & Commodity Risk
IFRS 9 hedge accounting for commodity forwards, swaps, and options. FX exposure between USD revenues and local-currency costs, with effectiveness testing and OCI movements documented for audit.
Designed Around Your Existing Mine and Finance Systems.
From SAP and Oracle for large mining groups to Microsoft Dynamics 365, Cegid Primavera, Sage, PHC and QuickBooks for mid-size operators — and designed to connect to operational data from your mine management and fleet systems regardless of vendor.
See it built for
your mining operation.
Book a session with our mining finance team. We show the platform using your ore flow structure, your commodity, and your close complexity — not a generic demo.