MICROMINE Named Innovator of the Year in Russia

PERTH, AUSTRALIA – 15 October 2012: Leading provider of intuitive software solutions to the mining and exploration industry, MICROMINE has been announced as “Innovator of the Year” at the 2012 Russian Mining Excellence Awards.

MICROMINE and Kinross Gold Representatives Accepting the Award

This award acknowledges companies who have contributed to the development and application of new technologies. Winners are determined by public online voting, as well as opinions provided by Independent Experts participating in the Awards Committee.

MICROMINE Russia was nominated in conjunction with Kinross Gold Corporation, for the joint collaboration on the Kupol Site in the Chukotka region in Russia. This was MICROMINE’s first Pitram implementation in Russia and CIS countries. Pitram is MICROMINE’s premier mine control and management reporting solution.

MICROMINE Russia Regional Manager Boris Kurtsev comments “We are really privileged to have been selected to work with Kinross Gold on such a unique and rewarding project. After examining the outcomes, it is clear that MICROMINE’s implementation of Pitram at the Kupol site was a resounding success.” Mr Kurtsev continues “With the assistance of our global MICROMINE consulting team, the scope of this project became an easily achievable target.”

MICROMINE’s involvement encompassed the successful development and implementation of the first live underground mine control system in CIS countries – Pitram. The solution covered a number of aspects of the project, from material movements and grade control, to monitoring of equipment states. It also assisted to facilitate the capture of all required production data, as well as centralising control over hazardous mining conditions and labour safety.

The annual Russian Mining Excellence Awards were established in 2007 by the MINEX Russia Forum. Their aim is to contribute to the competitive spirit and promote best achievements in the Russian Mining Industry. The award has become an instant success offering an unbiased and independent platform for recognising success stories, as well as awarding Russian and International companies and individuals for their outstanding achievements in improving mining industry standards in Russia.

In the FY 2011/12 MICROMINE Russia’s revenue grew by 120%, firmly positioning the company as a leader in the Russian mining and exploration software market. The company entered the Russian market in 2001, and opened the Moscow office in 2007. During the following four years, consecutive offices were opened in Saint Petersburg, Krasnoyarsk, Chita and Khanarovsk. It has now grown to over 20 staff members, with plans for future expansion.