Gemcom Announces Office Opening in Mongolia to Support Industry Expansion in Mining and Exploration

New Ulaanbaatar Office Brings Expanded Availability of Industry-Leading Software, Global Industry Experience to Support Growing Market
PERTH, AUSTRALIA and ULAANBAATAR, MONGOLIA--(Marketwire - 02/21/11) - Gemcom Software International Inc., the largest global supplier of mining software solutions, today announced that it will open an office in Ulaanbaatar, Mongolia on February 23, 2011. Gemcom's software, including Surpac, GEMS, Minex, Whittle, InSite and MineSched, are already widely used by exploration and mining operations throughout the country.

"Gemcom's software has been playing a key role in the Mongolian mining industry since 1995 when Minex was purchased by Baganuur Joint Stock Company," said Andrew Pyne, senior vice president, Gemcom AustralAsia. "Since then, we have established long-standing professional relationships with the Mongolian Government and many key mining entities such as Erdenes MGL and Centerra's Boroo Gold mine. The office gives us the opportunity to work even closer with our clients to help explore the full commercial potential of their operations."

"We are very satisfied with Gemcom's products and services, and have no doubt that our use of Surpac, Minex, and Whittle has played a critical role in the success of our operations," said Naranbaatar Lundeg, managing director, Glogex LLC. "With the opening of their Ulaanbaatar office, we look forward to working even more closely with Gemcom's software experts and mining professionals and the global industry experience the company brings to the local level."

Mongolia has seen a significant boost in mining investments due to the increase in commodity prices and the Mongolian Government's commitment to develop the country's mining industry. As of November 2010, mining had already fuelled over 60% of foreign direct investment for Mongolia - a country rich in copper, gold, coal, molybdenum, fluorspar, uranium, tin, and tungsten deposits.

"Mongolia is recognised as one of the world's strongest emerging economies today, and Gemcom is committed to contributing to its continued growth and success through an enhanced local presence," comments Simon Waghorn, executive director, Gemcom Mongolia. "Our Mongolian team of mining professionals has been recruited to support the local industry to help clients drive additional value from their businesses by giving them the tools and capabilities needed to improve site productivity and profits."

To further support the growth of Mongolia's mining industry, Gemcom has launched a Student Sponsorship Program to help develop the region's future mining professionals. The first-ever Gemcom sponsorship program recipient will be announced at the office opening and will receive a cash bursary towards their continuing education, and will have a paid summer internship at the Gemcom Ulaanbaatar office to gain valuable industry experience.

About Gemcom

When mining companies seek to increase mine productivity, they turn to Gemcom for technology and services. The Company is home to world-renowned mining solutions like GEMS, Surpac, Minex, Whittle and InSite, and to industry thought leaders who are pushing the boundaries of what's possible in mining. Established in 1985, Gemcom has a global reach delivering comprehensive solutions in all major mining centres in more than 130 countries. Every major mining company, including BHP Billiton, Codelco, De Beers, Newmont and Vale is a Gemcom client. Through a combination of organic growth and strategic acquisitions, the Company has become the largest global supplier of mining software solutions. For more information, visit www.gemcomsoftware.com.

Gemcom, the Gemcom logo and combinations thereof, are trademarks of Gemcom Software International Inc. GEMS, Surpac, Minex, Whittle, and InSite are either registered trademarks or trademarks of Gemcom Software International Inc.

Source:Marketwire news service
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