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PRESS RELEASE
30 June 2009
for immediate release
MINEMAN Finance goes live at Sterlite Industries, India
Sterlite Industries is now using MINEMAN Finance to manage its commericial accounts and inventories, and exposure to fluctuations in foreign exchange.
Sterlite Industries, a subsidiary of Vedanta Resources plc London, runs a large copper smelting and refining operation, which accounts for over half of all the copper smelted and refined in India. Sterlite uses MINEMAN to integrate and optimise its activities regarding transportation, marketing and financials across India, from the port of Tuticorin to the commericlal centre of Mumbai.
MINEMAN Systems supplies mission-critical software of strategic value to the global mining industry from offices in Melbourne and Mumbai. MINEMAN Finance is a unique commerical package designed specifically for the mining and smelting industry. MINEMAN Finance will further increase Sterlite's leadership in the global copper industry.
for further information for further information
contact: Omar Adamson
Managing Director
MINEMAN Systems
www.mineman.com
phone: + 61 3 9699 7200
mobile: + 61 3 9699 7800
email: Omar.Adamson@mineman.com
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