The Forum was initiated by SRK Consulting - the international mining engineering consulting company.

The event was administered by Advantix Ltd - UK-based business communications consultancy working with Russia and CIS.

Russian event co-organisers:

Geoinformmark - the Information-Publishing Centre of the Russian Federation Ministry of Natural Resources

NBL Gold - company specializing in research and design works in the field of mining and processing of precious metals resources, gems and diamonds.

Below are the main suggestions made at the forum:

• At present the main leaders in production of minerals are Canada, USA, South America, Africa and Australia.

• Russia has a potential to become No.1 in global mineral production by 2020.

• MINEX forum should become a regular base for international exchange of ideas and attracting investments in the mining sector of Russia. The forum shall annually re-evaluate progress made by Russia on its way to becoming a world leader in mineral exploration and production.

• "Success Rate" of Russia established by open vote at MINEX 2005 consists of a number of business elements:

• Resource Base performance – 80%
• Resource Appraisal performance – 70%
• Infrastructure / Logistics – 35%
• People – 90%
• Social / Environmental / Health and Safety – 50%
• Legal - 35% (80% after the new legislation comes into force)
• Political – 75%
• Fiscal – 75%
• Accounting – 50%
• Appropriate Technology – 70%
• Finance – 65%
• Project Evaluation and design – 40%
• Project Development – 40%

Special report containing all presentations, sponsors, companies profiles, event pictorial and the list of participants will be published on 6 November 2005 in CD format in English and Russian languages. The CD can be ordered on Minex website:

http://2005.minexforum.com/materials_en.html