Mongolian Mining Corporation selects Active Risk Manager for Enterprise Risk Management
Active Risk announced today that Mongolian Mining Corporation (MMC), the largest producer and exporter of high-quality hard coking coal in Mongolia, has selected its award-winning software Active Risk Manager (ARM) for enterprise risk management across all its departments and subsidiary companies.
Tsevegmed Tserendondov, Senior Risk Analyst at MMC said, “Prior to the installation of Active Risk Manager we were using spreadsheets and other related tools to manage risk. This was proving time consuming and required considerable manual effort, therefore we looked around for a new dedicated risk management software solution. Following a comprehensive review of the market we shortlisted two products. Active Risk Manager was chosen because of its combination of well-structured and easy to use features.”
Active Risk Manager is being implemented by MMC at a corporate level, throughout its subsidiaries and has also been adopted by MCS Holding Group, the majority shareholder in MMC.
Loren Padelford, Executive Vice President and General Manager at Active Risk concluded, “Active Risk recognizes the need to simplify and integrate the risk management process with a single, easy to use enterprise system. The initial implementation of ARM at MMC was achieved in less than two weeks. ARM will now be rolled out throughout the MMC organization to provide insight and oversight of risks and opportunities across the whole organization.”
ARM customers also include Bechtel, Rio Tinto, Fortescue Metals Group and Hancock Coal.
About Mongolian Mining Corporation (MMC)
Mongolian Mining Corporation (MMC) is the largest producer and exporter of high-quality hard coking coal in Mongolia. It owns and operates an open-pit coking coal mine at the Ukhaa Khudag deposit located within the Tavan Tolgoi coal formation, as well as the Baruun Naran coking coal deposit, both located in South Gobi, Mongolia.
MMC was listed on the HKEx in October 2010, and was selected as a constituent stock on the FTSE Hong Kong Index in March 2012.
To learn more about the Company, please visit MMC’s website at: www.mmc.mn
About Active Risk
Active Risk is the first Enterprise Risk Management (ERM) solution provider to drive business performance by allowing organizations to manage risk more effectively. With Active Risk, executives have a truly comprehensive view of their organization’s risk and opportunities, enabling them to make better-informed decisions and create a competitive advantage.
Active Risk is the Enterprise Risk Management solution provider of choice for the world’s leading companies in aerospace and defense, engineering and construction, energy and mining, government, and other industries. Customers include Crossrail, Network Rail, Transport for London, Northrop Grumman, ALSTOM, Rio Tinto, Westinghouse, Bechtel, Leighton Contractors and NASA, among others.
Active Risk has offices in the UK, USA and Australia, servicing customers worldwide directly and through a growing network of partners. Active Risk is listed on the FTSE AIM Index (Stock Symbol: ARI).
For further information and a detailed view of Active Risk’s products and services visit www.activerisk.com or call +44 (0)1628 582500 (EMEA/Asia Pacific), +1 703 673 9580 (Americas) or +61 2 9037 0150 (Australia).
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