RUSSIAN AND CIS MINING & EXPLORATION INDUSTRY AWARD MINEX 2007

Dear MINEX 2007 participants!

MINEX’ Organising Committee has established MINEX Annual Industry Award, which is presented to the companies and individuals for the outstanding achievements and contributions to the advancements of the mining industry in Russia and the CIS.

The main purpose of the award is to provide objective and independent appraisal of the contributions of the industry’ leaders to the development of Russian and CIS mining & exploration. Minex award also aims at informing the mining community about the best industry achievements for the last year.  The independent character of the Award is guaranteed by the common voting of all MINEX 2007 participants.

Category 1: "Company of the year"

Evaluation criteria: Success ratio in developing mineral projects in Russia and CIS

Award winner: MBC Resources

Nominations:

• Severstal Resource
• Amur Minerals
• MBC Resources
• Sual/Rusal/Glencore
• Peter Hambro Mining
• Polymetal
• Polyus Gold
• Kinross/Bema
• Norilsk Nickel

Award received by Serdar Karliev, CFO, MBC Resources

Category 2: "Mining finance provider of the year"

Evaluation criteria: Best mining finance provider in Russia and CIS. Evaluation ratio: total volume/ types of finance (equity and debt raising) /sector diversification/size of finance/efficiency

Award winner: JPMorgan

Nominations:

• SocGen
• HSBC
• Standard Bank
• JPMorgan
• Morgan Stanley
• Deutsche Bank Russia
• RenCap
• Aton
• Nomos Bank
• EBRD
• IFC

Award received by Igor Bolshakov, JPMorgan

Category 3: "Investor of the year"

Evaluation criteria: Best investment project in Russia and CIS. Evaluation ratio: Risks / Speed of Execution / Size / Success

Award winner: Kinross

Nominations:

• METROPOL for Zabaikalje project complex development
• Lundin Mining
• Kinross
• Aricom
• Arlan
• Basic Element
• Severstal Resource
• BHP Billition
• Rio Tinto
• AngloGold Ashanti
• Evraz Group

Category 4: "Russian Higher Mining education provider of the year"

Evaluation criteria: Best higher education provider in Russia. Evaluation ratio: Degree diversity/ Number of Graduates/ Level of Education/ Employability

Award winner: St Petersburg Mining Institute

Nominations:

• Moscow State Mining University
• Russian State Geological and Exploration University
• St Petersburg Mining Institute
• Moscow State University
• Urals State Polytechnics University
• Krasnoyarsk Non-Ferrous and Precious Metals University

Award received by Vladimir Trushko, Prorector, St Petersburg Mining Institute

Category 5: "Mining information provider of the year"

Evaluation criteria: Wide Russian/CIS Mining News Coverage in Russian and English. Disclosure timing. Size of the audience

Award winner: Geoinformark

Nominations:

• Geoinformark
• Prime-Tass
• Vedomosti
• Kommersant
• Interfax
• RIA Novosti
• MINERAL

Award received by Sergey Anosov , Director General, Geoinformmark

Category 6: "Statesman of the Year"

Evaluation criteria: The role in developing positive business climate in the Russian Mining Sector

Award winner: Yuri Trutnev, Minister, Ministry of Natural Resources

Nominations:

• Sergey Mironov, Speaker of The Federation Council of the RF Federal Assembly
• Yuri Trutnev, Minister, Ministry of Natural Resources
• Yuri Podturkin, Director General, GKZ (State Committee on Reserves)
• Darya Vasilevskaya, Deputy Head, State Policy Department for geology and subsoil use, Ministry of Natural Resources
• Alexei Shishkov, Deputy Head, Karelnedra
• Oleg Mitvol, Deputy Head of Rosprirodnadsor

Award received by Darya Vasilevskaya, Deputy Head, State Policy Department for geology and subsoil use, Ministry of Natural Resources on behalf of Minister of Natural Resources of Russian Federation