Ferrexpo Poltava Mining to install Wenco Fleet Management Systems

September 8, 2010

RICHMOND, BC, CANADA (September 2010) — Looking to achieve a 10% improvement in productivity, Poltava has chosen Wenco International Mining Systems Ltd. to install their Fleet Management System for use with 135 trucks and shovels, 16 High Precision Drills, and 54 Auxiliary units.

The 54 pieces of Auxiliary Equipment will be monitored using Wenco's AES (Auxiliary Equipment System) designed for water trucks, graders, bulldozers or any other equipment involved in ground preparation, construction or maintenance. The system records operational statuses and data from the machine without any input required from the operator. The statuses are derived from digital inputs, speed, direction of travel and equipment location.

Real-time views of equipment show position and status. Historical data is used in reporting machine usage, cycles and other operational statistics. Productivity information, such as water use and ground coverage and material movement, is calculated with the use of machine specific parameters.

The Wenco system was purchased as an operational tool to help to run the mine in a more efficient, cost effective manner. Of note, Poltava is particularly interested in automatic truck dispatching and ore grade control.

Ore Quality Control provides Poltava with the ability to specify ore quality targets to be delivered at a certain location. Multiple locations are supported and each can have different requirements. So each shovel, in their unique location and material, are used in the calculation to determine how trucks are dispatched in order to achieve the best material grade range delivered to any particular location.

Owned by Swiss company Ferrexpo, Poltava is an iron ore mine located in Ukraine approximately 300 kilometres south of Kiev near the Dnieper River. Poltava has an estimated resource of about 18 billion tonnes of iron ore grading about 30%.The mine operates more than 100 haul trucks, mostly Caterpillar 777D's, 785C's, and 789C's and Komatsu HD 785's and PC1200's. They also have a small number of Belaz trucks. Recently, Poltava purchased Hitachi EH3500 trucks and Hitachi EX3600 shovels.

In order to assist in the ongoing operation of the system, Wenco will be establishing a service center in the city of Komsomolsk with the help of Euromash, the local Hitachi dealer.

About Wenco International Mining Systems

For over 30 years, Wenco International Mining Systems has worked with mining companies to extract unrealized value. Under this mission, Wenco has developed an integrated suite of solutions to support the digital transformation of the mining industry. Fleet management, asset health, data analytics, and other technologies join together in the spirit of open interoperability and scalability to raise mine productivity and efficiency, lower routine costs, and establish a safe and smooth mining operation.

Wenco is a wholly owned subsidiary of Hitachi Construction Machinery headquartered in Vancouver, Canada.