Press Releases

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  Runge recognised as finalist for two awards

Brisbane, 22 October, 2009

Last night, Runge was recognised as a finalist for Information and Communications Technology category in The Premier of Queensland's Export Awards 2009. Organised by Trade Queensland, the awards are Queensland's highest recognition of export achievement to the global marketplace.

Runge was also a finalist for Information and Communication Technology category in the 2009 Australia Latin America Business Excellence Awards last night. Organised by Australia-Latin America Business Council, the awards recognise excellence in achievement in doing business with Latin America.

Being recognised as finalists for these awards is an outstanding achievement for Runge and a testament to the work of our people. This is a wonderful recognition for our people and for the contribution Runge makes to the mining industry globally.  Overseas export is a major focus for Runge as it continues to grow its global footprint and assess expansion opportunities into new regions.
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 Runge patents new method for mine planning

Brisbane, 2 October, 2009

Unique method and system for integrated mine planning that is adaptive to the dynamic nature of  the mining business patented in Australia and South Africa

Leading mining technology services company Runge Limited (Runge), today announced it has received two patent rights (No 2006279250 and No 200800449) related to the methodology of the overall framework called ‘method and system of integrated mine planning’ of its enterprise solution, Mining Dynamics. The process has been pioneered by Runge for over four years and has proven to improve predictability of mining operations which have a high degree of dynamic variability. The methodology couples business process execution with comprehensive access to information. Any information from geology through to mine engineering / planning / scheduling, operations and reconciliation can be easily visualised, interrogated and reported to the executive, operations and systems management teams.

Glen Kuntz, VP Enterprise Mining Solution of Runge says: “The overall methodology and system patent can be summed up as the three C’s of simplicity - communication, coordination and collaboration across the mining operation and executive levels to ‘deliver the right information to the right people at the right time’. This methodology provides the ability to quickly collaborate in order to harmonise new ideas, win support and deliver ground breaking initiatives. These in turn generate short and long-term growth while significantly driving a competitive advantage.”

Planning in the mining industry is non-linear and dynamic and the use of Enterprise Resource Planning (ERP) systems in business is wide-spread. Whilst predictable supply inputs have been successful in the use of ERP systems, mining operations are different and have inherently unique characteristics. The planning components of ERP systems, designed for other industries and deployed within a mining operation, are not suitable without the direct coupling and integration of spatial mining information with transactional financial information.

In order to achieve this level of integration Runge has formed business and technology partnerships with ERP companies, such as SAP, to help mining companies maximise their value and profitability through a focused approach to their mining operations. This allows mining operations to quickly disseminate and distribute timely information throughout their organisation using a standard planning methodology and solution across the business intelligence layer.

Glen Kuntz continues: “Successful mining operations depend on the availability and reliability of information in order to make critical every day decisions. Because of the complexity of mining data and the spatial characteristics associated with it, rapid universal access to trusted and accurate information has traditionally been difficult.  Basing decisions on data that is misplaced, not universally accessible, out-dated, or incomplete can at best become a bottleneck in the decision making process and at worst be operationally and financially devastating.  Mining Dynamics reliably coordinates and manages both the common and unique data types associated with any mining operation and enables the integration, visualisation, and comprehensive management of the wide variety of mining data, regardless of its origin or software platform”.

About Mining Dynamics: Runge has used five main categories to shift its innovative customer offering and help its customers enhance their decision making capability. Some of the key capabilities that customers have asked for and Runge has delivered are:   
• Information - Right Data to the Right People at the Right Time;
• Integration – Providing a Framework and transparency to Enable data driven decision making by providing visibility of data from enterprise to operation;
• Completeness - Integrating spatial and non-spatial data for a full picture of the business;
• Repeatability  - Capturing, standardising and systematising corporate business process knowledge; and
• Control - Bringing reliable, repeatable and transparent  control of business process and information, reducing time wasted in locating information and improving information quality and reliability.

With over 30 years expertise across a range of mining disciplines, Runge’s approach to the business of mining is strongly grounded in economic principles and delivering mine planning solutions that are tightly coupled with technological support and training.
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 Runge teams up with Geological Solutions

Brisbane, 11 September, 2009

Leading mining technology services company, Runge Limited (Runge), today announced it has formalised a heads of agreement with Geological Solutions, a premier provider of field geological and supervisory services to the mining industry. Under the terms of the agreement, Geological Solutions will be Runge’s prime sub contractor. This means Runge (together with its wholly owned subsidiary GeoGas Pty Ltd) and Geological Solutions can, for the first time in the industry, provide an end-to-end continuum of services to the coal seam gas and mining industries. This agreement will cover field and rig management incorporating gas services through to laboratory testing, reservoir modeling and resource and reserves certification.

Tony Kinnane, Managing Director of Runge, said: “Runge was looking to partner with an energetic and dynamic group with a good reputation for the provision of field services. Geological Solutions provides this and is a good fit for our business as its high quality personnel are well known to us through the interaction we have had in providing training to this group. Through a collective industry knowledge, technical skills and experience coupled with Runge’s technology and commercial capability, we are extremely well positioned to work together with customers to add maximum value to their business.

“The coal seam gas Industry is growing rapidly and is fast becoming a significant provider of base load energy requirements around the world.  Our acquisition of GeoGAS Pty Ltd provided a unique ability to augment Runge’s underground and open cut mining planning services and now this agreement makes us an industry leader in the provision of a full suite of technical services to our customers in the coal seam gas industry.”

Bradley Crighton, Managing Director of Geological Solutions, said:”Increasingly many coal seam gas operators are seeking a more complete range of technical services to reduce their internal efforts and resources required to manage exploration, testing, modeling and advisory services required to develop a gas production facility. Combining the field geological and rig supervisory skills of Geological Solutions with the laboratory gas testing and reservoir modeling skills of Runge provides the industry with a single “one stop shop” high quality solution.”

Geological Solutions is a premier provider of quality field geological and supervisory services and GeoGAS Pty Ltd has been a leader in the coal seam gas testing and management services for more than 20 years. The combined skills, experience and domain knowledge coupled with Runge’s technology provides customers will an unparalleled continuum of services with a single source convenience. 
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Runge announces FY09 full year results

Brisbane, 31 August, 2009

Leading mining technology services company, Runge Limited (Runge), today announced its full year results for the financial year ended 30 June 2009, delivering a net profit after tax of $7.9 million.

Overview
Runge’s FY09 full year results included:

• Total revenue up 18.6% to $83.4 million
• EBITA up 13.4% to $12.7 million
• Net profit after tax up 33.9% to $7.9 million
• Earnings per share of 6.4 cents
• Return on equity of 18.0%
• No gearing: net cash of $3.2 million
• Final FY09 dividend of 2.5 cents per share fully franked: total FY09 dividend of 4.5 cents per share fully franked

Tony Kinnane, Managing Director of Runge, said that “the earnings were equivalent to last year’s earnings when taking into account proforma adjustments. This was a satisfactory result in light of the difficult circumstances caused by the Global Financial Crisis over the last 12 months”.

Revenue was up as a result of organic growth across all regions. Margins however were down over the full year because of lower than expected software revenue in 1H09 due to delays in purchasing approvals.

Runge’s FY09 full year results demonstrate the resilience of the company’s business model and strategic global footprint. The company continued to grow its global business with the establishment of an office in Hong Kong in February 2009, thereby increasing its exposure into new and growing markets. Runge’s other offshore businesses performed well, particularly the USA and Asian offices. 

In this difficult market the company was able to respond quickly to variations in customer demand for services and technology, and capitalise on opportunities identified by our global network of offices.
 
Runge has retained staff during these very difficult economic conditions and as a result is well placed to benefit from the early signs of recovery we are now seeing.

Runge’s strong cash flows have allowed the company to reinvest in the business and declare a fully franked final dividend of 2.5 cents per share, making a total fully franked dividend for FY09 of 4.5 cents per share.  

Outlook

In commenting on Runge’s outlook for the 2010 financial year and beyond, Mr Kinnane said “the market fundamentals are improving with less uncertainty within the mining industry. 

Looking forward, Runge has a number of global growth opportunities.  This is particularly evident in the demand for Runge’s software solutions which has built a large sales pipeline.  The demand for Runge’s consulting services is recovering in Asia, South Africa and South America and holding steady elsewhere”. 
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Runge appoints new NSW General Manager

Brisbane, 7 July, 2009

Runge Ltd (RUL), a leading global mining technology services company, today announced it has appointed Hal Morris as a General Manager for its NSW operations. Hal will be responsible for the overall leadership, tactical and day-to-day operational management for Runge business in New South Wales with a focus on the Hunter Valley.

Previously, Hal worked for Anglo Coal’s Drayton operation. Prior to that he has held a number of operational and technical leadership roles with Camberwell Coal, Coal & Allied/RTCA, Peabody, and BMA in both the Hunter Valley and Central Queensland. Hal’s experience and network in the Australian mining industry will be a great asset to Runge in NSW.

Tony Kinnane, managing director of Runge, said: “Hal brings with him over 20 years of experience in coal mining across a diverse range of organisations and mine sites. His extensive experience in operational management and a wide range of technical studies will enhance Runge’s strength in the NSW region.”

Hal Morris, general manager of Runge NSW, comments: “I joined Runge because it gave me a great opportunity to work with a global leader in the area of mining consultancy services. My main focus for the next six months will be on improving the understanding of NSW minerals industry and how Runge’s capabilities are positioned to support the industry’s needs. I also look forward to strengthening ties in the Hunter Valley region.”
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Runge Announces Its Participation in SAP® EcoHub Solution Marketplace

Community-powered Solution Marketplace Delivers Added Value to Customers by Accelerating Discovery, Evaluation and Purchase of Trusted Partner Solutions – Such as Runge’s Mining Dynamics Short-Term Mine Scheduling (xSTMS) Application – That Complement SAP Offerings

Brisbane, 25 June, 2009

Runge Ltd (RUL), a leading mining technology services company, today announced its participation in the SAP® EcoHub solution marketplace. This community-powered solution marketplace makes it easier for customers to discover, evaluate and purchase partner solutions – such as Runge’s Mining Dynamics Short-Term Mine Scheduling (xSTMS) composite application – that complement SAP applications.

The SAP EcoHub provides customers access to complementary solutions and offerings that  integrate most effectively with their installation of SAP solutions. It leverages SAP’s comprehensive ecosystem, where customers and partners can connect. The SAP EcoHub integrates community input, user feedback, ratings and partner demos, enabling a more educated and intelligent selection of solutions.

Runge’s Mining Dynamics is listed at https://ecohub.sdn.sap.com/irj/ecohub/solutions/xSTMS. Resources available for download from the SAP EcoHub site include a Runge Mining Dynamics xSTMS summary, certification details of xSTMS 1.0, and the ability to request a live demo or contact from the Runge team.

“SAP EcoHub is an online solution marketplace that gives SAP’s customers access to tools to maximise efficiency and profitability,” said Gary Gibson, Global Alliance Manager for Runge. “Successful mining operations depend on the availability and reliability of data in order to make critical, every day decisions. Because of the complexity of mining data and the spatial characteristics associated with it, rapid universal access to trusted and accurate information has traditionally been difficult. Mining Dynamics is designed to address this. We are delighted to be part of SAP EcoHub and feel that our inclusion further deepens our partnership with SAP.”Mining Dynamics, of which the Short-Term Mine Scheduling application is a part, provides the unique ability to reliably integrate business processes, information management, and operational data with enterprise systems. It allows data from mine plans to automatically interface with corporate enterprise systems and accounting packages from vendors such as SAP. This capability provides management with real-time and up-to-date operational information, which is critical for decision making.In addition, Runge is an SAP software solution partner in the SAP PartnerEdge™ program. Through the program, partners work closely with SAP to develop and certify the technical integration of their solutions with SAP software. Integrated partner applications extend, complement and add value to SAP solutions, thereby helping mutual customers more successfully meet business needs and drive strong results.Runge’s xSTMS solution version 1.0 is a certified composite application integrating with the SAP Manufacturing Integration and Intelligence (SAP MII) application. It extends and adds value to a mining organisation’s SAP solutions.

SAP EcoHub is live at http://ecohub.sap.com. Visitors can search for solutions in many ways, including industry or solution, key words, relevance or partner. Solutions can be evaluated online based on feedback from other users, partners and business experts. Visitors can view an online demo on SAP EcoHub or request more information by requesting to be contacted, and initiate the purchase of the solution. 

# # #

 

SAP, PartnerEdge, SAP NetWeaver and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries. All other product and service names mentioned are the trademarks of their respective companies.

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Runge releases a new version of Xact short-term scheduling solution

New tools to provide greater flexibility and improved accuracy in mine planning

Brisbane, 18 June, 2009

Runge Ltd, a global mining consulting and technology services company, today announced the release of the latest version of its short-term scheduling solution, Xact 1.4, in Australia. Targeted at coal, metals and underground mining operations in particular, the solution provides tools to create more detailed and accurate mining plans in less time.

John Hives, Mining Specialist at Runge, said "Mining operations grapple daily with a variety of challenges to meet their production targets. While long-term and medium-term schedules provide the guidance needed for mining operators, there is often a lack of detail about short-term schedules. Every shift brings new short-term challenges such as equipment failure, labor changes, weather, and many other variables, and the impact of these changes needs to be carefully considered so that medium and long term goals are not compromised.

"Xact 1.4 has an improved tool set including graphical scheduling capability, multiple stockpiling options and charting ability. These allow mining engineers to react quickly and decisively against changes, which is key to the success of today's mine operations. We've also made it simple and easy to use and the system's intuitiveness allows minimal set-up and training time."

Xact is designed to address the dynamic nature of short-term scheduling, allowing operational staff to monitor and report on work progress of mining operations. The solution is designed to be used for all types of mines and mineral deposits, providing users a short-term scheduling tool kit that provides a central repository for short-term scheduling data and logic. This allows mining engineers to construct, analyse and update short-term mining schedules on a regular basis using databases, Gantt charts, plots and reports.  The powerful presentation and reporting tools mean that inventory and quality reports are easily created, updated, and run using any time scale.

Ian Neilsen, Senior Mining Engineer of Ensham Resources, said, "Today more than ever enhanced cost management is crucial to the profitability of mining operations.  We have been using Runge's Xact solution for 2 years to improve our inventory control. Asset utilisation management issues, such as analysis of equipment availability, are imperative to mining operations as they minimise disruption to the business. The ability to have daily quality reports with the new system provides enhanced visibility to identify and resolve quality variances. This brings flexibility because changes to blocks and task re-sequencing update the schedule happens automatically and re-evaluation of any part of the schedule automatically flows through the schedule. The model allows for a quick and accurate evaluation of alternate detailed mine plans in reaction to major strategy and advance changes of the mine directly translate into cost savings."

Review Xact 1.4 demo in http://www.xact.net.au/

Xact also provides input into other Runge products including XPAC (medium to long-term planning software), XERAS (a financial modeling and re-forecasting application) and Mining Dynamics (an Enterprise management solution for the mining industry).

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Model partnership delivers an Australian first

Brisbane 13 May, 2009

In an Australian first, GeoScience Victoria and mining software and services company, Runge, have implemented a new and innovative system that allows GSV to seamlessly build, manage and distribute high-quality 3D models.

Three-dimensional geological models are becoming the primary tool for resource explorers looking for new mineral deposits, geothermal energy or groundwater resources.

GeoScience Victoria Director, Kathy Hill, said GSV needed to develop a consistent and
systematic environment in which 3D models in a range of formats could be prepared,
manipulated, stored, discovered, visualized and delivered.

“The ability to quickly and easily access 3D models is critical,” Ms Hill said. “These models need to be available to internal and external clients while at the same time protecting sensitive industry data.”

Ms Hill said GeoScience Victoria managed a huge amount of geological data collected by government and industry. Existing systems for managing this information were not suitable for 3D data.

“Through a competitive tender process, mining software and services company, Runge, provided us with tools to manage 3D model data using their Mining Dynamics software,” Ms Hill said.

The vision was to create a system that was the ‘first point of call’ for anyone building or
requesting a model within GeoScience Victoria for use in and outside the organisation.
“Information management is integral to all GSV projects. The solution proposed by Runge and later implemented helped GeoScience Victoria move from 2D to a 3D view of geosciences information,” Ms Hill said.

“Together we have implemented a 3D model management tool that brings together content-rich, standardised metadata, business processes and native model format transformation.”

Models from industry are received by GeoScience Victoria in a variety of formats, which need to be viewed, checked and stored. Mining Dynamics receives and stores 3D models with the appropriate security, so that confidential models, for example exploration data, can only be accessed by the right people.

“Runge developed a customised solution for GeoScience Victoria using Mining Dynamics’ core functionality, which is delivered through a web browser,” Ms Hill said.

Geoscience Victoria’s 3D model management system has attracted interest from companies and government agencies from around Australia and overseas.
Runge Mining Dynamics Manager Glen Kuntz said Runge worked closely with GeoScience Victoria to deliver a solution which could now be modified as GeoScience Victoria’s processes mature and change.

“We are pleased to support GeoScience Victoria’s long-term strategy to represent the state’s geology in 3D and to provide users, such as exploration companies, timely and visual access to geoscience information,” Mr Kuntz said.
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Runge announces strong half year results

Brisbane 23 February, 2009

Leading mining technology services company Runge Limited (Runge), today announced continued strong financial performance and business growth, delivering a net profit after tax of $4.7 million for the six months ended 31 December 2008.

Key highlights
• Operating revenue up 32% to $43.7 million (pro forma 1H08 – $33.1 million); up 43% on a statutory basis (1H08 – $30.6 million)

• EBITA up 12% to $7.3 million (pro forma 1H08 – $6.5 million); up 26% on a statutory basis (1H08 – $5.8 million)

• NPAT up 21% to $4.7 million (pro forma 1H08 – $3.9 million); up 52% on a statutory basis (1H08 – $3.1 million)

• Strong balance sheet, with net cash of $0.7 million, reflecting the company’s focus on prudent capital management

• Interim dividend declared of 2.0cents per share fully franked, in line with IPO Prospectus and consistent with the company’s policy to maintain a dividend pay-out ratio in excess of 60% of net profit after tax

• FY09 IPO Prospectus NPAT forecast reaffirmed


Further details are included in the media release here

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Runge announces record full year results

Brisbane, 22 August, 2008

Runge today announced its results for the twelve months ended 30 June 08 key highlights include:

  • Proforma revenue up 45% to $65.4M
  • Proforma EBITA up 25% to $13M
  • Proforma NPAT up 23$ to $8M
  • Final dividend declared of 1.5c per share (fully franked)

Further details are included in the attached media release

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Major mining company to roll out Runge software globally

Brisbane, 08 August, 2008

Runge Limited (Runge) today announced that a major global mining company has agreed to a corporate wide implementation of Runge's XERAS financial modelling and budgeting software.

The XERAS software application provides support for a variety of business and budget planning functions and will directly benefit operators due to its user-friendly approach to creating activity based mine budgeting solutions.

The unique capability that the Runge Group provides through its expertise in mining, coupled with strong software programs, allows for development and implementation of planning and forecasting solutions that meets global mining requirements.

"The Runge Group is providing a global response to meet major global mining company needs." said Pat Williams, Chief Operating Officer of Runge.

"This agreement provides a clear pathway for both parties to work together on the delivery of business planning solutions in a complex mining world".

Revenues generated from this contract are expected to be approximately CAD$3.0 million over 2 years. This contract was anticipated in Runge's Prospectus forecast.

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Runge acquires ResEval

Brisbane, 14 January, 2008

Runge, an Australian company providing mining software and consulting services to the mining technology sector globally, has today acquired Resource Evaluations Pty Ltd (ResEval).

Based in Western Australian, ResEval is a specialist mine consulting group providing geological and mining engineering services to the Australian and global mining industry.

Tony Kinnane, CEO of Runge said, "ResEval is a well respected name in the Australian and International resource industry. This acquisition broadens our global presence and enhances our capabilities in the metalliferous side of our mining consulting business."

ResEval's services include resource estimation, due diligence investigations, open pit and underground mine design and evaluation. ResEval, established in 1998 has undertaken work across a variety of commodities including bauxite, copper, fluorite, gold, lead, manganese, molybdenum, nickel sulphides and laterites, and zinc.

Management and employees of ResEval will join Runge, lifting the total number of employees globally to nearly 300.

As ResEval is Perth based, this acquisition will also increase Runge's footprint in Western Australia with this group working directly with the established Runge Team in our new Adelaide Terrace offices.

Geologist and principal of ResEval, Paul Payne, will become the Manager Mining Consulting WA for Runge.

ResEval will immediately do business under the Runge Limited name.

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Runge acquires GeoGAS

Brisbane, 30 November, 2007

Runge, an Australian company providing mining software and consulting services to the mining technology sector globally, has fully acquired GeoGAS, an Australian owned consulting and contracting services company for the coal mine and coal seam methane industries. This acquisition adds significant value to Runge.

Tony Kinnane, CEO of Runge, said, "GeoGAS will deliver new strategic capabilities that will be combined with Runge’s underground mine planning capability to create a new integrated offering. The value proposition of this integrated service is mine planning that improves safety and increases mine economic return."

GeoGAS is a pre-eminent supplier of laboratory, consulting and contracting services for the coal mine and coal seam methane industries.

Specifically it performs:

  • gas content and composition/quality testing
  • sorption isotherms
  • gas reservoir definition
  • coal mining gas emission control
  • coal mine methane
  • coal seam methane
  • outburst investigations
  • gas management and
  • gas production and reserves management.

GeoGAS provides support for mine operations as well as planning and project tasks. Laboratory services are available 24 hours a day, seven days per week.

"Gas and ventilation analysis are key inputs into the mine planning process and are integral to the design and operation of a safe and efficient underground coal business.

"Runge’s acquisition of GeoGAS provides a significant boost to our underground coal capabilities and takes us one step closer to becoming a premiere provider of underground coal mine planning solutions," Tony Kinnane said.

In addition to the GeoGAS acquisition meaning Runge can provide a more complete 'one stop shop' consulting service for clients, Runge will also develop a range of unique software modules.

"Our goal is to model the effects of gas, ventilation and drainage within the dynamic mine design and production scheduling world of our XPAC mine scheduling software," said Tony Kinnane.

Management and employees of GeoGAS will join Runge, lifting the total number of employees globally to 278. GeoGAS has offices in the Australian states of New South Wales and Queensland.

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Runge announces initial public offering (IPO)

Brisbane, November 23, 2007

Runge Limited (Runge), an Australian company providing mining software and consulting services globally, has announced its intention to pursue an initial public offering (IPO) of its ordinary shares and listing on ASX in the first half of 2008.

Recently celebrating its 30th birthday, Runge provides consulting services and software products to larger mine operators that require mining business solutions for increased profitability.

Runge is currently preparing a prospectus, which will be available at the time of the public offering next year. Investors wishing to purchase Runge shares at the time of IPO need to complete the application form that will accompany or be included in the prospectus.

The Runge Group has won the Services Category of the Premier of Queensland's Export Awards

26 October, 2007

Servicing global mining industry the smart way Runge Ltd, Queensland’s smartest company in 2006, has distinguished itself as one of the world’s premier suppliers of mining technology services.

For over 30 years the company has remained at the forefront of new technologies and software development and now boasts 15 offices globally, spread through North America, Latin America, Africa, Europe and Asia. Runge epitomises what a 'Smart' Queensland company is all about – it's innovative, it invests in research and development and it has a team of outstanding people with world-class skills and expertise. The company also develops and sells software for mine planning and management, and provides technical training courses to the industry. With the mines scattered in remote locations around the world, Runge has adopted innovative techniques to maintain contact and develop business ties with miners from Alaska through Sweden and to outback Australia.

Runge has embraced Webex technology to meet clients online – using a rich set of interactive, multimedia features for meetings, according to Business Development Manager Pat Williams. "This means we have been able to provide software demonstrations to many customers around the world – without leaving the office,’" he said. Runge also provides “web delivered” mentoring across different time zones.
Mr Williams said the cost of travel and doing business with remote mining industry had been prohibitive in the past but is now viable, thanks to internet technology.

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Runge Teams up with ESRI

5 September, 2007

Runge today announced it has entered into strategic business partnership with ESRI, an American software firm which designs and develops the world’s leading geographic information system (GIS) technology. Runge and ESRI will collaborate to bring unique solutions to mining customers in the area of advanced 2D/3D Integration and visualisation. The first Runge product to emerge from the new partnership is the Mining Dynamics Platform, which provides scaleable access, information control and enterprise systems integration for mine site operations. Runge's Mining Dynamics delivers a visual system to support data management and discovery across the entire production chain; from geology, modeling and design, through scheduling and reconciliation.

Tony Kinnane, CEO of Runge, said, "This is an important partnership because in collaboration with ESRI, Runge can provide rapid solution development coupled with other technology vendors expertise, thus delivering superior integrated solutions to the global mining industry."

"The 2D/3D integration and visualisation project Runge is undertaking with ESRI is one of the most exciting mining technology developments to date. It will permit any mining user, at any time, in any location to access and view their mining data in a full 3D world. It will simplify the end use by removing the need for complex and expensive technical software."

Geoff Wade, Natural Resource Industries Manager for ESRI, said, "We are extremely pleased to have the opportunity to build a strong, long term partnership with Runge in the Mining Operations space. Runge brings a wealth of expertise and commitment to build modern day solutions, in part leveraging the ESRI platform, integrated with their own powerful technologies; we look forward to working together globally, both in software development exchange, and more directly, in order to best serve our joint customers."

Mining Dynamics provides information control, access, legislative compliance and enterprise systems integration while giving operations, technical, and corporate employees instand access to information about mine site operations. The system is vendor independent and works with mining companies' existing systems avoiding the need for costly replacement software.

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Runge expands through Fractal acquisition

3 July 2007

Runge Limited has today announced its acquisition of Fractal Technologies. This is the third Australian mining services company that Runge has acquired this year — strengthening its foothold in the mining consultancy and software market worldwide.
Mr Tony Kinnane, CEO of Runge said "Runge and Fractal Technologies have been partners since 2005 — we fit well together culturally and our products are complementary. We are excited to be able to market the Fractal products which have an excellent reputation globally and we are equally excited by the broader opportunities that Fractal Technologies provides for Runge's continued growth."

Fractal Technologies develop three-dimensional data management and visualisation software for the geosciences. Its longest running commercial product, FracSIS, combines an object-oriented database specifically designed to store geological, geochemical, and geophysical data with an interactive 3D visualisation environment.

Fractal will also enhance the technological capability of Runge's recently launched Mining Dynamics, which is the industry's first visual enterprise-wide software.

"Fractal's technology in conjunction with Mining Dynamics will enable customers worldwide to have accelerated access to new product enhancements, while creating concrete investment in key mining technology," said Mr Kinnane.

Mining Dynamics provides a visual system to support data management and discovery across the entire production chain. The system allows operations, technical and corporate employees to have instant access to information about mine site operations. The system is vendor independent and works with mining companies' existing systems avoiding the need for costly replacement software. It is designed to provide standardisation across the geological and engineering processes. Fractal's technologies further enhance these capabilities.

The acquisition of Fractal, which complements Runge's dynamic growth plan, will lift the total number of Runge employees to 260.

Runge Limited operates globally out of 15 offices and has been in operation for 30 years. Runge provides software, consulting services, and training to assist customers in the planning and operation of mine sites to enhance project profitability for stakeholders.

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Runge joins SAP's global industry value network

Brisbane, 18 May, 2007

Runge, an Australian company providing mining software and consulting services globally, today announced it has joined SAP's consortium, which consists of mining companies, technology partners and SAP, to address the industry's needs and business challenges.

The industry value network (IVN) for mining includes representatives from the Industry Advisory Council for Mining such as BHP Billiton, Rio Tinto, Anglo American, Anglo Platinum, Codelco, Exxaro, Foundation Coal, Gold Fields, and Goldcorp. Other key partners include Meridium, Technidata, OSIsoft, Citect, and Gijima AST.

Tony Kinnane, CEO of Runge, said, "Runge is delighted to be working with SAP and its partners to resolve business and operational challenges for the global mining industry. The IVN for mining will collaborate to design and deliver pre-integrated, standard solutions for end-to-end business processes from the mine to the end customer.

"By combining the mining engineer and equipment scheduling process of the maintenance manager, mining IVN partners are working on a truly innovative end-to-end mining scheduling process. In conjunction with leading mining companies, Runge and SAP are developing a unique solution that for the first time will enable an integrated mining scheduling process. This partnership also means Runge now has full SAP integration capability."

The IVN members will be working on new composite solutions and integration scenarios in the areas of mining operations management (for mine planning and scheduling, metallurgical reconciliation and metal accounting), enterprise asset management (for reliable maintenance optimisation, delay accounting and performance optimisation), as well as operational compliance (for emissions management, and health and safety management.

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Runge acquires MineConsult and Minarco Asia Pacific consulting groups to expand into new geographies

Brisbane, 13 March 2007

Runge today announced that it has fully acquired MineConsult, an Australian owned independent mining consulting group, and Minarco Asia Pacific Ltd (Minarco), mining and energy industry advisors in the Asia Pacific region. The combined value of these acquisitions is approximately A$20 million.

The acquisition of Minarco will enable Runge to enter the corporate Chinese mining market, while MineConsult will give Runge presence in Indonesia. Expansion into new geographical areas is part of Runge's strategy to attract and retain skilled resources as the mining engineering industry continues to grapple with a global talent war.
Tony Kinnane, CEO of Runge, said, "Management and employees of Minarco and MineConsult will join Runge, lifting the total number of our employees globally to 210. By growing our geographical presence Runge can offer better and broader career opportunities for staff.

"These acquisitions also reinforce Runge's strategy to globalise the business. This follows the success of our recent growth with MRM Mining Services Pty Ltd in South Africa and Pincock, Allen & Holt in North America. The successful integration of the two companies has directly contributed to Runge's half-year FY2007 results where profit before tax for the six months ended 31 December 2006, was A$3.7 million, 34 per cent ahead of budget. Revenue was A$17 million, 11 per cent ahead of budget."

MineConsult, a wholly owned Australian company, has been operating since 1991. The group's professional staff include mining engineers with Australian and offshore experience and its projects cover the coal, metalliferous and quarry industries for the private and public sectors. Customers include BHB Billiton, Rio Tinto, Anglo Coal, and Xstrata.

Minarco act as mining and energy industry advisors in the Asia Pacific region. The company started as a coal industry consultancy and now provides a full range of services from pure technical consulting through to strategic corporate advice.

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Runge media contacts

Mia Huikuri,
Runge Limited
Tel +61 2 8248 1576
mhuikuri@runge.com.au

Ms Linda Young
Runge Limited
Tel +61 2 8248 1500
lyoung@runge.com.au

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