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Mincom Says Yes to Mining Portal

[SYDNEY, AUSTRALIA]--Brisbane-based enterprise applications developer Mincom has acquired a controlling interest in yesresources, which owns the yesresources.com mining portal and virtual marketplace for Australias exploration, mining, oil, gas and project engineering sectors with industry news.

yesresources will provide Mincom with a portal strategy and the skills to service its mining customer base with its enterprise software, professional services, Application Service Provider business and technical documentation products. Yesresources plans to provide this access with online trading and industry-specific information in an e-marketplace.

Yesresources.com provides this information through its own portal, as well as reverse auctions, disposal and vendor auctions, online tendering, job listings and company profiles.

The yesresources acquisition will be the first of several e-commerce initiatives planned by Innotech, Mincom's e-business subsidiary that officially purchased the portal. These plans will circulate around co-developing a portal strategy with yesresources to provide a similar service for customers" for the other verticals besides mining for which Mincom caters, that include oil and gas, transport, utilities, defence and government, according to yesresources general manager Malcolm Burrows.

"The joint venture will open up new opportunities for the Australian resources industry."

The yesresources acquisition complements Mincom's customer base in the mining industry, which includes Alcoa, BHP, MIM and Rio Tinto, to whom it provides industry-specific software and services.

The yesresources acquisition follows a year of heightened activity between the mining industry and the Internet space. In amongst acquisitions and investments, Oracle and MiningXchange launched a supplier-to-buyer mining industry exchange last October (see story).