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Xstrata Copper Chooses Brady for Global Risk Management

Posted on: Tuesday, 8 April 2008, 09:03 CDT

LONDON, April 8 /PRNewswire-FirstCall/ -- Brady plc (BRY.L), the leading supplier of trading and risk management solutions for metals and commodities, has announced today that Xstrata Copper has selected Brady to support the organisation's global risk management operations of both refined metals and concentrates for their Dubai operations.

Xstrata Copper is the world's fourth largest copper producer; Xstrata Copper's Dubai operation is a new unit within Xstrata Copper with a dual purpose. First, it will act as the global risk management centre for all Xstrata Copper business units. Second, it will act as a trading arm with both third parties and within the Xstrata Copper business unit for the physical business of both refined metals and concentrates.

"A key requirement of Xstrata Copper was to enhance our risk management performance and automate many of our processes to enable us to manage our risk more effectively," said Bruce Anderson, General Manager Commercial at Xstrata Copper. "We believe that the robust risk engine and other capabilities of the Brady solution will provide us with a solid platform as we continue to grow our business."

Gavin Lavelle, CEO of Brady comments: "We are delighted to be working with Xstrata Copper. It is a privilege to have been chosen once again as the provider of risk management software. In addition to this, Xstrata Copper becomes one of our first customers to evaluate our Concentrates Module(TM) thus validating our strategic decision to extend the functionality of Trinity to address this largely unmet market segment."

Xstrata Copper

Headquartered in Brisbane, Xstrata Copper is one of the commodity business units within the major global diversified mining group Xstrata plc. Its operations and projects span eight countries: Australia, Argentina, Chile, Peru, Canada, the USA, the Philippines and Papua New Guinea. It also has a recycling business (Xstrata Recycling) with plants in the United States and offices in Canada and Asia. Xstrata Copper is the fourth largest global copper producer with annual attributable production capacity of over one million tonnes. http://www.xstrata.com/

Brady plc

Brady plc (BRY.L) is a leading provider of trading and risk management software for global commodity markets. On a single platform Brady combines fully integrated and complete solutions supporting the entire commodity trading operation, from trade capture of financial and physical trading, through risk management, handling of physical operations, back office financials and treasury settlement. Brady has more than 20 years of expertise in the commodity markets and more than 800 users worldwide, including some of the largest financial institutions and mining corporations that depend on Brady's software solutions to deliver vital business transactions across their global operations.

The Concentrates Module(TM) launched by Brady in January is the world's first fully integrated commercial and risk management system specifically designed for the metal concentrates market. This is the first complete end-to-end solution for this market, and integrates hedging and risk management. http://www.bradyplc.com/

Brady PLC

CONTACT: Contact: Alla Lapidus, Moonlight Media, Tel:+44(0)20-7250-4770, Email: alla@moonlightmedia.co.uk

Source: PRNewswire-FirstCall

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