CAE Mining Integrates Hard Dollar Cost Management Solution in CAE Studio 5 Planner

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Source: Marketwire

Software Provides Transparent Delivery of Cost Throughout the Project Lifecycle

PHOENIX, AZ and BRISBANE, AUSTRALIA -- (Marketwire) -- 07/26/12 -- CAE Mining and Hard Dollar, developer of project cost management software (PCM) for capital projects, have announced that CAE Mining has integrated Hard Dollar's PCM software in its latest industry-leading mine design, planning, and scheduling software suite. Hard Dollar's integration with the new CAE Studio 5D Planner provides customers transparent delivery of cost and productivity throughout the entire project lifecycle.

CAE Mining selected Hard Dollar after an extensive review process. This integration is an industry first, seamlessly and instantly merging mine design, scheduling, financial, and productivity modeling, for both study and operations environments.

'With this integration, the financial implications of a design or scheduling change can now be instantly assessed. Other methods can take months to generate detailed and complex mining scenarios,' said Dylan Webb, director of marketing and product strategy at CAE Mining. 'Hard Dollar was clearly the right partner to help us achieve this ambitious goal. The decision to work with Hard Dollar was compelling, given that a number of our existing clients are already using the solution.'

The Hard Dollar integration with CAE Studio 5D Planner offers the following key benefits to customers:

  • Streamlines the process of keeping project/life-of-mine budgets current due to constant changes in the mine plan and schedule.

  • Establishes a direct relationship between the budget dollars, productivity, and the associated scope and schedule variables, enabling users to quickly answer the question 'where did you get that number?'

  • Responds to 'what if?' scenarios across the mine plan, schedule, cost model, and labor providing instant answers to questions like 'what happens to our schedule and budget if we eliminate one shaft and make two others larger?'

Doug Nicholas, CEO of Hard Dollar, goes on to say, 'Hard Dollar's purpose is to give our customers the confidence of providing true cost and productivity projections to each of their clients and projects. One of our company goals is to forge partnerships with companies that mirror our commitment to making our customers' jobs easier and more efficient. CAE Mining shares this goal, which is why this partnership was obvious. CAE Mining's customers will now be able to establish a direct relationship between the budget, labor, and the moving variables of the scope and schedule, empowering users to quickly answer their cost questions.'

About Hard Dollar
Hard Dollar is the leader for project cost management (PCM) solutions. Founded in 1989, Hard Dollar delivers project cost management software worldwide within mining, oil and gas, infrastructure, and energy industries. The software assists with cost and productivity management, estimations, budgets, and forecasting throughout entire project lifecycles. Visit www.harddollar.com for more information.

About CAE Mining
CAE Mining is at the forefront of the industry in developing and providing innovative technology and services to plan, manage, and optimize mining operations. With operations in eleven countries, CAE Mining offers solutions ranging from exploration data management and ore-body modelling, to mine planning and operations management. They have a technical consulting team of over 100 experienced geologists and mining engineers servicing customers in close to 100 countries. Through their simulators, software, courseware, and training services, CAE Mining is developing the industry's most compelling technology and services to advance the efficiency and safety of mine operations. Visit www.cae.com/mining for more information.

About CAE
CAE is a global leader in modelling, simulation, and training for civil aviation and defense. The company employs approximately 8,000 people at more than 100 sites and training locations in approximately 30 countries. CAE offers civil aviation, military, and helicopter training services in more than 45 locations worldwide and trains approximately 100,000 crewmembers yearly. In addition, the CAE Oxford Aviation Academy offers training to aspiring pilot cadets in 12 CAE-operated flight schools. CAE's business is diversified, ranging from the sale of simulation products to providing comprehensive services such as training and aviation services, professional services, in-service support, and crew sourcing. The company applies simulation expertise and operational experience to help customers enhance safety, improve efficiency, maintain readiness, and solve challenging problems. CAE is leveraging its simulation capabilities in new markets such as healthcare and mining. Visit www.cae.com for more information.

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Hard Dollar Contact:
Aly Saxe
Ubiquity Public Relations
Email Contact
602.268.6849

CAE contacts:
Nathalie Bourque
Vice President, Public Affairs and Global Communications
Email Contact
+1-514-734-5788

Investor relations:
Andrew Arnovitz
Vice President, Investor Relations and Strategy
Email Contact
+1-514-734-5760

Trade media:
Dylan Webb
Director, Marketing and Product Strategy
CAE Mining
Email Contact
+ 61 7 3220 0670

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