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October 4, 2007
MBC Resources Chosen Company of the Year at MINEX 2007

MBC Resources, part of METROPOL Group of Companies, was awarded Company of the Year at the 3d international mining and geology forum MINEX 2007.

The award marks the company’s successful realization of mining projects in Russia. The award ceremony was held during the gala dinner that closed the forum. David Pierce, nomination board Chairman at MINEX 2007, General Director of SRK Consulting (Russia), presented a souvenir figurine and an honorary certificate to Serdar Karliev, Financial Director of MBC Resources.

Other MINEX 2007 winners were: JPMorgan – Mining Finance Expert of the Year; Kinross – Investor of the Year; Saint Petersburg State Mining Institute – Russian Mining and Geology School of the Year; Geoinformmark – Mining and Geology Information Resource of the Year.

Background:

The MINEX 2007 organization committee established the annual MINEX interindustry award, given to companies and executives for outstanding achievements and contribution to the promotion of advanced practices in subsoil use in Russia and the CIS countries.

The main purpose of the award is to provide a non-biased, independent evaluation of contributions made by industry leaders to the development of mining and geology business, as well as to inform the mining community of breakthroughs in the industry in the past year. The evaluation is independent as it is determined by the collective voting of all MINEX 2007 participants.

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