Maidenhead,
Berkshire, UK. – 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.

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.