The Directors of QMASTOR Limited (ASX:QML) are pleased to announce that, following the October 1 announcement of QMASTOR being selected as the preferred vendor, QMASTOR has finalised contracts with one of South Africa’s largest and fastest growing mining groups.

After a competitive tender process, Exxaro Resources Ltd (JSE: EXX) has finalized software licensing, professional services and support & maintenance contracts with QMASTOR for the implementation of QMASTOR’s Pit to Port commodity supply chain management system. The Pit to Port system will enable the Exxaro group to improve the decision support and management of their bulk commodity tonnage, quality and value across their export and domestic supply chains.

While the contract size cannot be released to the market the Exxaro deal is a major contract for QMASTOR. A significant amount of the contract revenue is expected to contribute to the 2011 financial year. Ongoing services plus support and maintenance revenue is expected to underpin the QMASTOR South African operation into the future.

The Exxaro group will specifically use the software to manage their sales, marketing and logistics of their coal and mineral sands products.

The Pit to Port system will be used for the following Exxaro operations:
• Namakwa Sands
• KZN Sands
• Australia Sands (TiWest)
• Grootegeluk Coal
• Leeuwpan Coal
• New Clydesdale Colliery
• North Block Coal Complex
• Inyanda Coal
• Exxaro Corporate Centre, Pretoria
QMASTOR General Manager, Mr Steve Maxwell, said “QMASTOR welcomes the start of our relationship with such a significant and well respected African company in Exxaro Resources. This contract is of strategic significance to QMASTOR. It further validates our international distribution strategy that provides global reach for our products, with competitive local delivery capability and customer services for our clients. QMASTOR looks forward to a successful system deployment with Exxaro and the ability to leverage this African delivery capability into the future. This relationship also enables QMASTOR to diversify into a new commodity group, mineral sands, and increase the significant market potential for our company”.