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MineQuest Consult (Pty) Ltd
         Mining Consultancy Services




Company Profile




“Value Creation through Optimisation”
About MineQuest Consult
MineQuest Consult (Pty) Ltd was started in
2009 by a team of professionals who have made it
their mission to provide leading mining consultancy
services and innovative solutions to the minerals
industry in Africa.

As a mining consulting company, MineQuest
Consult’s number one goal is to provide its clients
with practical and sustainable solutions to the various
challenges arising in the field of mining.

Today, MineQuest Consult draws on a team of
some of the best people in the industry with vast
practical, technical and business experience and
expertise.

MineQuest Consult’s principal capabilities address three core elements - Mining Business
                                  Optimisation, Independent Mining Reviews and
                                  Technical and Economic Evaluation Services -
                                  and within these elements, MineQuest Consult will
                                           strive to provide specialist consulting solutions to the
                                           exploration, mining and financial service industries.

                                           MineQuest Consult’s service offering is delivered with a
                                           high level of mining experience, expertise and competence,
                                           covering senior management, technical and mining business
                                           expertise and a thorough understanding of mineral asset
                                           valuation.

                                           MineQuest Consult’s mining expertise covers mainly
                                           underground mining, and includes commodities from base
                                           metals (nickel and copper), to gold, as well as platinum group
                                           metals (PGMs). Our consultants and associates have a track
                                           record of delivery in terms of quantity, quality, efficiency, cost
                                           effectiveness, performance and excellence of work in the
                                           various operations, projects and areas that they have been
                                           involved in.



                                 “Value Creation through Optimisation”
                                                                                                      p1 of 9
Our Vision & Values
                                  Our Vision
                                  MineQuest Consult’s vision is to be a leading provider
                                  of innovative and practical solutions to the mining and
                                  minerals industry, as an independent mining consultancy
                                  services company.




                                  Our Mission
                                  MineQuest Consult’s mission is:
                                  to enhance the integrity of the decision-making process,
                                  ?
                                       taken over the entire mining value chain;
                                  to promote and enable the use of innovative mining
                                  ?
                                       optimisation techniques;
                                  to provide practical solutions to enhance decision-
                                  ?
                                       making; and
                                  to ultimately satisfy the quest for safe, profitable and
                                  ?
                                       sustainable mining.



Our Values
MineQuest Consult believes in:
? transparency
Trust and
? and honesty
Integrity
Core focus on our clients and people
?
Teamwork, ownership and empowerment
?

At MineQuest Consult we are passionate
about and committed to everything we do.




                         “Value Creation through Optimisation”
                                                                                    p2 of 9
Our Service Offering
The MineQuest Consult (Pty) Ltd service offering is to provide independent consulting services
to its clients and alliance partners in the following fields:




    Mining Business               Independent Mining                  Technical and
       Optimisation                      Reviews                  Economic Evaluation

 Enterprise Optimisation
 þ                               Due Diligence Studies
                                 þ                                þManagement
                                                                  Project
                                                                    Support
 þDecision-making
 Inform                          Mining Study Reviews
                                 þ
     Process (e.g. Tender                                         Mine Design and Lay-out
                                                                  þ
     Selection, Equipment        Short, Medium and Long
                                 þ
     Selection, Project            Term (LOM and                  Mine Planning and
                                                                  þ
     Ranking)                      Business) Planning               Scheduling
                                   Reviews
 þ Probabilistic
 Risk and                                                         þ Asset Valuation
                                                                  Mineral
     Modelling and Analysis      Competent Persons
                                 þ
                                    Reports
 þ Simulations
 Mining

 þ Studies
 Trade-off


                       We emphasise on front-end loading

          Scoping             Pre-feasibility       Feasibility           Operating
          Studies                Studies             Studies               Mines




                              “Value Creation through Optimisation”
                                                                                        p3 of 9
Mining Business Optimisation
                                                   MineQuest Consult has recently partnered
                                                   with Whittle Consulting, whose integrated
                                                   approach to Enterprise Optimisation modelling for
                                                   the mining industry involves a combination of:
                                                      ? analytical, costing and
                                                        advanced
                                                        operational modelling techniques
                                                      ? use of Gemcom Whittle software
                                                        advanced
                                                      ?Consulting Prober – B optimisation
                                                        Whittle
                                                        software (proprietary)
                                                      ? data base and data processing
                                                        efficient
                                                        management
                                                      ? experience in mining optimisation
                                                        extensive
                                                        and business planning challenges

                                                    This integrated approach to Enterprise
Optimisation is the umbrella process that combines the knowledge and relevant information from all
disciplines and areas within the organisation, and is used to develop strategies that identify the best
options for value enhancement. The result is an optimised Long Term Plan, Business Plan, Project or
Business Case with a significantly improved cash flow profile – thus reducing risk and creating major
value add options for the client. The ability to model potential
future scenarios and simulate how a responsive organisation
can mitigate threats and capitalise on opportunities gives us new
insights into the potential of a mining business.

MineQuest Consult's service offering in this field covers
such techniques and practices as informing the decision-making
process (e.g. tender selection, equipment selection, and project
ranking), risk and probabilistic modelling and analysis, mining
simulations, as well as trade-off studies. Using these techniques
and working together with mining houses, financial institutions
and other mining consulting companies, we are able to ensure
innovative and practical solutions to various mining challenges,
as well as the optimisation of the mining processes throughout
the mining value chain.




                                “Value Creation through Optimisation”
                                                                                                  p4 of 9
Independent Mining Reviews
                              The team at MineQuest Consult is able to provide a comprehensive
                              and independent offering with regards to mining reviews. This includes
                              due diligence studies, mining study reviews (from conceptual to
                              feasibility stage), as well as the review of short, medium, and long term
                              (Life of Mine and Business) planning.

                              We are also able to conduct competent person's reports and our
                              opinions are based on many years of operating and technical
                              experience in the mining industry. Our review work covers a wide range
                              of commodities.




Technical & Economic Evaluations
MineQuest Consult’s technical and
economic evaluations offering includes the
provision of project management support
services, mine design and layout, as well as
mine planning and scheduling work.

Our economic evaluation expertise is delivered
with a combination of experience covering
senior management, technical and financial
expertise and a thorough understanding of
mineral economics.

We use the latest in 3D modelling and
scheduling software as well as powerful mining
simulation tools.




                               “Value Creation through Optimisation”
                                                                                                 p5 of 9
Our Team of Experts
The team at MineQuest Consult (Pty) Ltd combine excellent academic qualifications, practical
experience gained on the mines and a commitment to providing their clients with value adding, long
term sustainable solutions to the challenges arising in the field of mining.
In addition, MineQuest Consult draws on its existing network of associates & strategic alliance
partners with specialist skills and knowledge.




John Guy Taylor - Director & Principal Consultant
John Guy's career started as a Learner Mining Official with the Bindura Nickel
Corporation (BNC, AmZim), in Zimbabwe, before studying for an honours
degree in Mining Engineering at the Camborne School of Mines in the United
Kingdom. On return to Zimbabwe he rose through the operational ranks at the
various mines within BNC, reaching the position of Mine Manager at its
Madziwa mine. He has also completed various management and technical
courses and programmes related to mining.

John Guy has a strong production and management/leadership background in
terms of experience, with more than 14 years in an operational role with the
AmZim group of mines in Zimbabwe. He also gained practical technical and
planning skills, in an operational and long term environment with the AmZim
and Konkola Copper Mines in Zambia, having spent more than five years
leading the mines’ technical and mineral resource management departments.
He also has exposure and a high degree of competence in mine financial and
business case modelling, analysis and evaluation with the Anglo Platinum group in South Africa, where he was
also involved in the Group's Mine Extraction Strategies, Long Term Planning, Business Planning and Budgeting
processes.

John Guy has exposure and a high level of expertise in the development and implementation of technical and
operational systems and processes, including the development and implementation of trackless mechanised
mining systems, planning systems, performance management, and safety and environmental management
systems on large scale massive mines, as well as tabular, narrow reef ore bodies.




                                   “Value Creation through Optimisation”
                                                                                                      p6 of 9
Our Team of Experts
The team at MineQuest Consult (Pty) Ltd combine excellent academic qualifications, practical
experience gained on the mines and a commitment to providing their clients with value adding, long
term sustainable solutions to the challenges arising in the field of mining.
In addition, MineQuest Consult draws on its existing network of associates & strategic alliance
partners with specialist skills and knowledge.




Luke Zindi - Director & Principal Consultant
Luke completed an honours degree in mining engineering from Camborne
School of Mines in 1984. He did a Masters in Business Leadership with UNISA
School of Business Leadership in 1999. He is a registered professional with
ECSA and holder of a Mine Managers Certificate.

Luke completed his post-graduate mine training at Shabanie Mine in Zimbabwe
where he was exposed to massive underground mining methods such as block
caving, sub-level mining and vertical crater retreat mining.

Luke has more than 25 years of experience in hard rock underground and open
pit mines. He has extensive open pit and underground mine planning experience
in the gold, chrome, and platinum industry. He led the Anglo Platinum team that
developed and implemented the MRM and borehole radar system at Rustenburg
Platinum Mines.

In 2005, Luke spent a year at Anglo Platinum’s head office in the Strategic
Planning Department as Planning Analyst responsible for the Eastern Limb projects and Unki Platinum Project.
The experience in strategic planning brought together all the learning and experience in MRM and his mining
experience. He also gained experience in financial modelling of mining projects.

In 2006, Luke joined Impala Platinum as the Greenfield's and Brownfield's General Manager: Projects. He was
responsible for a project portfolio of over R20 billion. No 20 and 16 Shaft projects were in implementation phase
and were both managed through EPCM contractors. He had the opportunity to lead the team during a pre-
feasibility study and, after board approval, conducted a full feasibility study with the assistance of an EPCM
contractor for the No 17 Shaft project. During this experience, Luke led a multi-discipline team of EPCM
personnel, shaft sinking specialists, and internal departmental personnel. On all the projects he had close
involvement with the top EPCM and shaft sinking companies – TWP, RSV, Hatch, Shaft Sinkers, and MRC.

When Luke left Implats earlier this year he had gained extensive mining project experience covering study
phases, project start-up and ramp-up phases. He also wrote a paper on the technical challenges related to fourth
generation shaft mining and presented it at the SAIMM Platinum conference in 2008.



                                   “Value Creation through Optimisation”
                                                                                                          p7 of 9
Our Team of Experts
The team at MineQuest Consult (Pty) Ltd combine excellent academic qualifications, practical
experience gained on the mines and a commitment to providing their clients with value adding, long
term sustainable solutions to the challenges arising in the field of mining.
In addition, MineQuest Consult draws on its existing network of associates & strategic alliance
partners with specialist skills and knowledge.




Cuthbert Musingwini - Associate
Cuthbert Musingwini currently lectures at the University of Witwatersrand,
Johannesburg, South Africa, where he lectures in Mine Financial Valuation,
Applied Operations Research in Mineral Resources Management and Decision
Making for Mining Investments. He has over 18 years mining engineering
experience spread across mine production management and planning,
consulting and academia. He is also an associate consultant responsible for
mineral asset valuation at Venmyn, a South African advisory consulting
company specialising in mineral project valuation and statutory compliance.

Cuthbert is a registered professional mining engineer with the Engineering
Council of South Africa (ECSA), the Zimbabwe Institute of Engineers (ZwIE), is
a member of the Southern African Institute of Mining and Metallurgy (SAIMM)
and a member of the Mining Technical Programmes Committee (TPC), a sub-
committee of the SAIMM. He also serves on the SAIMM Publications
Committee that is responsible for publishing the Journal of the Southern African
Institute of Mining and Metallurgy.

Cuthbert met the requirements for the award of a PhD on multi-criteria, techno-economic optimisation in planning
Bushveld Complex conventional breast mining platinum mines and graduated in May 2010. He has presented
papers at international mining conferences and authored/co-authored several peer reviewed journal papers. His
research work is internationally recognised as evidenced by the inclusion of part of his published work in a book
by authors in Canada and citations on the ISI and SCOPUS citation indexes. His research interests lie in mine
financial valuation, operations research and optimisation in mine planning.




                                   “Value Creation through Optimisation”
                                                                                                          p8 of 9
Contact Details
Physical address:
No. 17 L’Abri
3 Panther Road
Boskruin
Randburg
2188


Postal address:
PO Box 511
Bromhof
Randburg
2154


Telephone:        +27 (0) 11 792 3395
Cellphone:        +27 (0) 83 455 7082
Fax:              +27 (0) 11 792 3395
E-Mail Address:   JGTaylor@MineQuest.co.za
                  LZindi@MineQuest.co.za
Web Address:      www.minequest.co.za




                            “Value Creation through Optimisation”
                                                              p9 of 9

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Mqc d00024 cpr minequest consult company profile

  • 1. MineQuest Consult (Pty) Ltd Mining Consultancy Services Company Profile “Value Creation through Optimisation”
  • 2. About MineQuest Consult MineQuest Consult (Pty) Ltd was started in 2009 by a team of professionals who have made it their mission to provide leading mining consultancy services and innovative solutions to the minerals industry in Africa. As a mining consulting company, MineQuest Consult’s number one goal is to provide its clients with practical and sustainable solutions to the various challenges arising in the field of mining. Today, MineQuest Consult draws on a team of some of the best people in the industry with vast practical, technical and business experience and expertise. MineQuest Consult’s principal capabilities address three core elements - Mining Business Optimisation, Independent Mining Reviews and Technical and Economic Evaluation Services - and within these elements, MineQuest Consult will strive to provide specialist consulting solutions to the exploration, mining and financial service industries. MineQuest Consult’s service offering is delivered with a high level of mining experience, expertise and competence, covering senior management, technical and mining business expertise and a thorough understanding of mineral asset valuation. MineQuest Consult’s mining expertise covers mainly underground mining, and includes commodities from base metals (nickel and copper), to gold, as well as platinum group metals (PGMs). Our consultants and associates have a track record of delivery in terms of quantity, quality, efficiency, cost effectiveness, performance and excellence of work in the various operations, projects and areas that they have been involved in. “Value Creation through Optimisation” p1 of 9
  • 3. Our Vision & Values Our Vision MineQuest Consult’s vision is to be a leading provider of innovative and practical solutions to the mining and minerals industry, as an independent mining consultancy services company. Our Mission MineQuest Consult’s mission is: to enhance the integrity of the decision-making process, ? taken over the entire mining value chain; to promote and enable the use of innovative mining ? optimisation techniques; to provide practical solutions to enhance decision- ? making; and to ultimately satisfy the quest for safe, profitable and ? sustainable mining. Our Values MineQuest Consult believes in: ? transparency Trust and ? and honesty Integrity Core focus on our clients and people ? Teamwork, ownership and empowerment ? At MineQuest Consult we are passionate about and committed to everything we do. “Value Creation through Optimisation” p2 of 9
  • 4. Our Service Offering The MineQuest Consult (Pty) Ltd service offering is to provide independent consulting services to its clients and alliance partners in the following fields: Mining Business Independent Mining Technical and Optimisation Reviews Economic Evaluation Enterprise Optimisation þ Due Diligence Studies þ þManagement Project Support þDecision-making Inform Mining Study Reviews þ Process (e.g. Tender Mine Design and Lay-out þ Selection, Equipment Short, Medium and Long þ Selection, Project Term (LOM and Mine Planning and þ Ranking) Business) Planning Scheduling Reviews þ Probabilistic Risk and þ Asset Valuation Mineral Modelling and Analysis Competent Persons þ Reports þ Simulations Mining þ Studies Trade-off We emphasise on front-end loading Scoping Pre-feasibility Feasibility Operating Studies Studies Studies Mines “Value Creation through Optimisation” p3 of 9
  • 5. Mining Business Optimisation MineQuest Consult has recently partnered with Whittle Consulting, whose integrated approach to Enterprise Optimisation modelling for the mining industry involves a combination of: ? analytical, costing and advanced operational modelling techniques ? use of Gemcom Whittle software advanced ?Consulting Prober – B optimisation Whittle software (proprietary) ? data base and data processing efficient management ? experience in mining optimisation extensive and business planning challenges This integrated approach to Enterprise Optimisation is the umbrella process that combines the knowledge and relevant information from all disciplines and areas within the organisation, and is used to develop strategies that identify the best options for value enhancement. The result is an optimised Long Term Plan, Business Plan, Project or Business Case with a significantly improved cash flow profile – thus reducing risk and creating major value add options for the client. The ability to model potential future scenarios and simulate how a responsive organisation can mitigate threats and capitalise on opportunities gives us new insights into the potential of a mining business. MineQuest Consult's service offering in this field covers such techniques and practices as informing the decision-making process (e.g. tender selection, equipment selection, and project ranking), risk and probabilistic modelling and analysis, mining simulations, as well as trade-off studies. Using these techniques and working together with mining houses, financial institutions and other mining consulting companies, we are able to ensure innovative and practical solutions to various mining challenges, as well as the optimisation of the mining processes throughout the mining value chain. “Value Creation through Optimisation” p4 of 9
  • 6. Independent Mining Reviews The team at MineQuest Consult is able to provide a comprehensive and independent offering with regards to mining reviews. This includes due diligence studies, mining study reviews (from conceptual to feasibility stage), as well as the review of short, medium, and long term (Life of Mine and Business) planning. We are also able to conduct competent person's reports and our opinions are based on many years of operating and technical experience in the mining industry. Our review work covers a wide range of commodities. Technical & Economic Evaluations MineQuest Consult’s technical and economic evaluations offering includes the provision of project management support services, mine design and layout, as well as mine planning and scheduling work. Our economic evaluation expertise is delivered with a combination of experience covering senior management, technical and financial expertise and a thorough understanding of mineral economics. We use the latest in 3D modelling and scheduling software as well as powerful mining simulation tools. “Value Creation through Optimisation” p5 of 9
  • 7. Our Team of Experts The team at MineQuest Consult (Pty) Ltd combine excellent academic qualifications, practical experience gained on the mines and a commitment to providing their clients with value adding, long term sustainable solutions to the challenges arising in the field of mining. In addition, MineQuest Consult draws on its existing network of associates & strategic alliance partners with specialist skills and knowledge. John Guy Taylor - Director & Principal Consultant John Guy's career started as a Learner Mining Official with the Bindura Nickel Corporation (BNC, AmZim), in Zimbabwe, before studying for an honours degree in Mining Engineering at the Camborne School of Mines in the United Kingdom. On return to Zimbabwe he rose through the operational ranks at the various mines within BNC, reaching the position of Mine Manager at its Madziwa mine. He has also completed various management and technical courses and programmes related to mining. John Guy has a strong production and management/leadership background in terms of experience, with more than 14 years in an operational role with the AmZim group of mines in Zimbabwe. He also gained practical technical and planning skills, in an operational and long term environment with the AmZim and Konkola Copper Mines in Zambia, having spent more than five years leading the mines’ technical and mineral resource management departments. He also has exposure and a high degree of competence in mine financial and business case modelling, analysis and evaluation with the Anglo Platinum group in South Africa, where he was also involved in the Group's Mine Extraction Strategies, Long Term Planning, Business Planning and Budgeting processes. John Guy has exposure and a high level of expertise in the development and implementation of technical and operational systems and processes, including the development and implementation of trackless mechanised mining systems, planning systems, performance management, and safety and environmental management systems on large scale massive mines, as well as tabular, narrow reef ore bodies. “Value Creation through Optimisation” p6 of 9
  • 8. Our Team of Experts The team at MineQuest Consult (Pty) Ltd combine excellent academic qualifications, practical experience gained on the mines and a commitment to providing their clients with value adding, long term sustainable solutions to the challenges arising in the field of mining. In addition, MineQuest Consult draws on its existing network of associates & strategic alliance partners with specialist skills and knowledge. Luke Zindi - Director & Principal Consultant Luke completed an honours degree in mining engineering from Camborne School of Mines in 1984. He did a Masters in Business Leadership with UNISA School of Business Leadership in 1999. He is a registered professional with ECSA and holder of a Mine Managers Certificate. Luke completed his post-graduate mine training at Shabanie Mine in Zimbabwe where he was exposed to massive underground mining methods such as block caving, sub-level mining and vertical crater retreat mining. Luke has more than 25 years of experience in hard rock underground and open pit mines. He has extensive open pit and underground mine planning experience in the gold, chrome, and platinum industry. He led the Anglo Platinum team that developed and implemented the MRM and borehole radar system at Rustenburg Platinum Mines. In 2005, Luke spent a year at Anglo Platinum’s head office in the Strategic Planning Department as Planning Analyst responsible for the Eastern Limb projects and Unki Platinum Project. The experience in strategic planning brought together all the learning and experience in MRM and his mining experience. He also gained experience in financial modelling of mining projects. In 2006, Luke joined Impala Platinum as the Greenfield's and Brownfield's General Manager: Projects. He was responsible for a project portfolio of over R20 billion. No 20 and 16 Shaft projects were in implementation phase and were both managed through EPCM contractors. He had the opportunity to lead the team during a pre- feasibility study and, after board approval, conducted a full feasibility study with the assistance of an EPCM contractor for the No 17 Shaft project. During this experience, Luke led a multi-discipline team of EPCM personnel, shaft sinking specialists, and internal departmental personnel. On all the projects he had close involvement with the top EPCM and shaft sinking companies – TWP, RSV, Hatch, Shaft Sinkers, and MRC. When Luke left Implats earlier this year he had gained extensive mining project experience covering study phases, project start-up and ramp-up phases. He also wrote a paper on the technical challenges related to fourth generation shaft mining and presented it at the SAIMM Platinum conference in 2008. “Value Creation through Optimisation” p7 of 9
  • 9. Our Team of Experts The team at MineQuest Consult (Pty) Ltd combine excellent academic qualifications, practical experience gained on the mines and a commitment to providing their clients with value adding, long term sustainable solutions to the challenges arising in the field of mining. In addition, MineQuest Consult draws on its existing network of associates & strategic alliance partners with specialist skills and knowledge. Cuthbert Musingwini - Associate Cuthbert Musingwini currently lectures at the University of Witwatersrand, Johannesburg, South Africa, where he lectures in Mine Financial Valuation, Applied Operations Research in Mineral Resources Management and Decision Making for Mining Investments. He has over 18 years mining engineering experience spread across mine production management and planning, consulting and academia. He is also an associate consultant responsible for mineral asset valuation at Venmyn, a South African advisory consulting company specialising in mineral project valuation and statutory compliance. Cuthbert is a registered professional mining engineer with the Engineering Council of South Africa (ECSA), the Zimbabwe Institute of Engineers (ZwIE), is a member of the Southern African Institute of Mining and Metallurgy (SAIMM) and a member of the Mining Technical Programmes Committee (TPC), a sub- committee of the SAIMM. He also serves on the SAIMM Publications Committee that is responsible for publishing the Journal of the Southern African Institute of Mining and Metallurgy. Cuthbert met the requirements for the award of a PhD on multi-criteria, techno-economic optimisation in planning Bushveld Complex conventional breast mining platinum mines and graduated in May 2010. He has presented papers at international mining conferences and authored/co-authored several peer reviewed journal papers. His research work is internationally recognised as evidenced by the inclusion of part of his published work in a book by authors in Canada and citations on the ISI and SCOPUS citation indexes. His research interests lie in mine financial valuation, operations research and optimisation in mine planning. “Value Creation through Optimisation” p8 of 9
  • 10. Contact Details Physical address: No. 17 L’Abri 3 Panther Road Boskruin Randburg 2188 Postal address: PO Box 511 Bromhof Randburg 2154 Telephone: +27 (0) 11 792 3395 Cellphone: +27 (0) 83 455 7082 Fax: +27 (0) 11 792 3395 E-Mail Address: JGTaylor@MineQuest.co.za LZindi@MineQuest.co.za Web Address: www.minequest.co.za “Value Creation through Optimisation” p9 of 9