At a time when mine operating costs, margins and cash flows are under intense pressure, GFMS has launched a new venture, GFMS Mine Economics. Our aim is to complement GFMS’ high quality metal market insight, with focussed research into the economics of the mining.

Products & Services include:
• GFMS Mine Economics’ objective is to deliver high quality insight into the economics of mine production, across a broad range of metals and minerals.

• GFMS Mine Economics is developing a range of multi-client mine cost studies, commencing publication in the 3rd Quarter of 2009. This will include detailed research into the economics of diamond mining, and a platinum group metals cost benchmarking study. Additional information about these new studies is available on request.

• GFMS Mine Economics will provide timely, accurate, detailed mine-by-mine analysis, based on the key drivers of $/tonne mine site costs, namely resource quality, orebody geometry, mining and processing methods, labour productivity, energy usage, services and consumable input costs.

• Whatever the commodity in question, by benchmarking these technical and operating parameters, we aim to provide the best possible insight into industry cost structure. Our overarching goal is to add value for our clients by supporting their strategic decisions.

> For further information contact Mark Fellows mark.fellows@gfmsmine-ec.com or Charles de Meester charles.demeester@gfms.co.uk

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