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Irvine, CA - February 3, 2004
Newmont Mining Corporation Starts Implementation of
Enhanced Load Shedding Protection Using ETAP

Newmont Mining Corporation has approved and is in the implementation stage of an enhanced load shedding protection scheme using ETAP Intelligent Load Shedding software. This protection will utilize an exclusive technology developed by Operation Technology, Inc. to enhance the critical load preservation of the electrical system in case of generator tripping.

The ETAP Intelligent Load Shedding (ILS) module uses a neural network to dynamically determine the best load shedding priority. The decision is made based on the actual operating conditions of the system and location of the disturbance. ILS provides faster execution of load shedding, as compared to conventional frequency relays thus further reducing the load relief requirements.

The project is scheduled to be completed by the middle of 2004.

About Operation Technology, Inc.
Operation Technology, Inc. (OTI) was incorporated in 1986 to develop ETAP, the sophisticated online power system analysis and simulation software. OTI is a privately held, employee owned company. OTI headquarters is located in Irvine, California. OTI maintains a global distributor network of over 70 offices. OTI employs high-level scientists, electrical engineers, software developers, as well as experienced technical support engineers in its group. OTI is ISO 9001 certified, covering all activities related to design, development, production, and support of ETAP products. Additionally, OTI’s Quality Assurance Program for critical applications includes Nuclear High-Impact Certification, which complies with United States Code of Federal Regulation, 10 CFR 50, Appendix B, 10 CFR 21, ANSI/ASME N45.2, ASME NQA-1 (includes Subpart 2.7), ANSI/IEEE 730.1, as well as CAN/CSA-Q 396.1.2. (www.etap.com)

About Newmont Mining Corporation
Newmont Mining Corporation is the world’s largest gold producer with significant assets or operations on five continents. Newmont is also engaged in the exploration for and acquisition of gold properties in some of the world’s best gold districts. In addition, Newmont is the world’s largest private sector precious metals royalty owner. (www.newmont.com)

For additional information:

Operation Technology, Inc.
Sales & Marketing
(949) 462-0100
sales@etap.com
www.etap.com

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