Mining Mirror January 2019 | Page 35

Cradle to grave Flexible drill unleashed Left: Caterpillar has released its new MD6200 rotary blasthole drill. Above: The operator can adjust the mast angle in increments of five degrees from the touch screen in the cab, with no special set-up required. O riginal equipment manufacturer Caterpillar has released its new MD6200 rotary blasthole drill. According to the company, the MD6200 is designed as a production drill with the flexibility to do pre-split drilling. The drill is able to perform rotary or DTH drilling in single-pass or multi-pass modes and can drill holes of 127–200mm (5.0–7.87 inches) in diameter. It can drill at a negative angle up to 15 degrees, which enables matching the slope of the highwall for pre-split drilling. The result is cleaner highwalls with less waste material going to downstream operations. For traditional production drilling, the mast can tilt from vertical out to 30 degrees. The operator can adjust the mast angle in increments of five degrees from the touch screen in the cab, with no special set-up required. Managing the risk of procurement fraud F or businesses serious about managing the risk of procurement fraud and preventing the impact of fraudulent transactions on operations, understanding the indicators, which most often involve inappropriate employee–supplier relations, is the best place to start. According to Rudi Kruger, general manager at LexisNexis Data Services, common red flags include: employee conflicts of interest; procurement employees failing to keep good transactional records or requiring time to prepare for audits; low-quality goods sourced from suppliers at higher rates/prices; unauthorised social interactions or excessive entertaining of procurement staff by suppliers; and unprofessional communication, such as after-hours calls, texts, and social media exchanges between employees and suppliers.  www.miningmirror.co.za Best practice for managing the risk of procurement fraud include the following measures:  • • Culture: Instil a culture of honesty and ethical behaviour within the company and communicate it to employees regularly in an easily understandable and accessible manner. “An integrity- driven culture promotes the adherence to rules of supplier–employee engagement. It is important to appeal to the ethical side of an employee’s character, as it would encourage them to refrain from participating in fraudulent activities,” says Kruger. Internal controls: Ensure adequate internal controls are in place to investigate, manage, monitor, and audit the procurement process. “Appoint credible employees to oversee the procurement function and apply strict policies and procedures to the goods-and-service sourcing process,” said Kruger. “It is also wise to keep a list of preferred suppliers that is sorted by industry, capacity, quality, and so on.” • Stay informed: Know your suppliers and employees better by regularly vetting them as part of the policy. The ability to identify procurement fraud within a business is enhanced with technology-enabled solutions, like Lexis’s ProcureCheck, which assists with procurement vetting and vendor management. ProcureCheck is an easy to use web-based system that is extremely useful in the procurement process, as it facilitates the verification of various data sets, providing linkage to identify possible conflicts of interest, pass-through schemes, and shell companies. JANUARY 2019 MINING MIRROR [33]