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MINEMAN MEDIA RELEASES

December 2008
MINEMAN to manage gold sales for Newcrest Mining

MINEMAN Systems is installing a further stage of MINEMAN for Newcrest Mining.

For the past few years Newcrest has relied on MINEMAN for its three copper producing mines. Now Newcrest is also going to use MINEMAN to manage all its metal accounting and sales for physical gold.

Newcrest has seven gold mining operations in Australia and Indonesia and is Australia's largest gold producer. In the year ending June 2008 Newcrest produced 1.8 million ounces which is equivalent to 56 tonnes of gold.

MINEMAN is the leading software and services solution for logistics, marketing and revenue financials for concentrates and metals. During the global financial crisis MINEMAN has continued to provide Newcrest and other major mining companies with a high degree of forward visibility on credit risk and cashflow projections.

Staff in Newcrest's head office and at the various mines will run the new system for physical gold over the Internet from a data centre in Melbourne, Australia.

 

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Vic 3205, AUSTRALIA
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