Unified CapEx Governance Across a Multi-Site Global Mining Operation
Key Takeaways
- Kinross replaced its outdated capital request systems with CapEx360® for Mining, unifying CapEx governance globally.
- The deployment addressed pain points like limited visibility, reliance on spreadsheets, and lack of centralized reporting.
- Key features include long-term planning, lifecycle coverage, and integration with JD Edwards and OneStream.
- CapEx360® enhances financial control, reduces errors, and offers real-time data for decision-making.
- Mining companies now utilize CapEx360® for Mining to manage capital investments more effectively and improve project outcomes.
Executive Summary
Kinross replaced its legacy AFE (Capital Request) system and the Exploration Justification System with CapEx360® for Mining, unifying growth, sustaining and exploration CapEx across all global sites. The deployment delivered standardized workflows, a unified CapEx lifecycle structure and alignment with JD Edwards and OneStream. This strengthened framework supports disciplined capital management and investor confidence. The global rollout was completed smoothly, on schedule, in 4.5 months
“The team was easy to work with and was responsive, they provided us with a schedule and a budget and met both. It was a true partnership.”
– Melissa Rossit, Director, Finance Transformation at Kinross
Challenge
Kinross relied on aging custom-built tools for growth, sustaining and exploration CapEx. These systems could not meet evolving governance, visibility or reporting requirements. The limitations reduced consistency across regions, constrained real-time insight, and hindered structured Post Investment Reviews. Kinross needed a single, scalable platform to modernize and standardize capital planning.
Key Pain Points
- Forecasting limited to one year
- Limited real-time visibility for exploration actuals and commitments
- Separate CapEx and exploration systems
- Manual spreadsheets causing the risk of errors and duplication
- No centralized real-time global reporting
- Life of Mine planning and government reporting done through manual tools
- Required tight JD Edwards and OneStream alignment for governance and accuracy
Solution
Kinross deployed CapEx360® for Mining as its unified CapEx governance platform.
“We reviewed the market and saw that most mining companies were using a mixture of SharePoint, custom workflow and spreadsheets. Such custom systems lacked the controls and reporting capabilities we needed and were a burden on IT support. CapEx360® was a great fit out the box and we were able to tweak it as needed. It is now fully integrated with JD Edwards, allowing us to manage the project lifecycle with full automation and without duplication.”
– Stephen Kerrigan, SVP IT & AI at Kinross
CapEx360® for Mining – Features
- Life-of-Mine planning up to 40 years
- StatsCan-aligned AFE forms for government reporting
- Full lifecycle coverage (ideation to Post-Investment Review)
- Environmental Health & Safety checklists within AFE forms
- Sustainability KPI tracking
“We finally have the capital management system I have been waiting for, one that can manage the full Life of Mine plan.”
– Frederico Deodoro, Regional Finance Director at Kinross
Integration and Automation
- JD Edwards actuals ingestion
- Automatic Business Unit creation & category code synchronization
- Budget vs AFE vs Forecast vs Actuals reporting
- Power BI API connectivity
- Tight CapEx controls to support discipline
- No duplicate work; data captured once and carried through lifecycle
CapEx360® works alongside JD Edwards and OneStream by managing the CapEx lifecycle functions that sit outside traditional financial systems.
Financial Control & Visibility
- Automated actuals ingestion for accurate variance reporting.
- Audit-ready approval routing
- Planning and reporting aligned with JD Edwards and OneStream
- Reduced reliance on spreadsheets
- Power BI portfolio visibility
- Reliable Budget vs AFE vs Forecast vs Actuals reporting
- Clear KPI framework including ESG metrics
Supports disciplined capital allocation and consistent evaluation of investment outcomes
“With CapEx360®, we can further improve our deployment of capital, thereby driving more growth and cost savings for our investors. Each dollar spent can be tightly controlled, reported on, and its returns measured, placing us in full control.”
– Julie Robertson, SVP Finance at Kinross
Assess the Strength of Your Mining Capital Governance Framework
Mining capital portfolios operate across multiple sites, jurisdictions, and long planning horizons. As scale increases, visibility can fragment. Forecast confidence may weaken. Investment Committee scrutiny often intensifies.
If your organization is:
- Managing growth, sustaining, and exploration capital across multiple operations
- Reconciling budgets, commitments, forecasts, and actuals across spreadsheets and ERP extracts
- Preparing capital updates for CFO or Investment Committee review
- Seeking stronger lifecycle continuity from business case through Post-Investment Review
A structured demonstration of CapEx360® for Mining may help clarify where governance risk exists and how it could be addressed. Book a CapEx360® for Mining Demo today.
