ausenco annual report

The potential for negative social impacts. Registration for this event is available only to Intelligent Investor members. Global Mining Review , Friday, 23 April 2021 11:15. 2017 Morningstar. We are in the best strategic position possible We developed the Next Level HSE Strategy, our steadfast beliefs in worker safety. She has reviewed and approved the contents of this release. Learn more Finding a better way for Ravenswood Gold How our culture drove tangible value for a mining leader. We believe that no one prospers unless everyone prospers, and our experts in indigenous and community relations help clients build positive, long-term working relationships with all stakeholders. During 2021, we noted an increased interest in the impact and management of our supply chain from our clients and other stakeholders. Ausenco Limited is a multinational engineering, procurement, construction management, and operations service provider to the energy and resources sectors. Data and content is provided for personal use only. The peer calculation is inclusive of admin and management fees; excludes brokerage and no withdrawals have been made. In 2017, Ausenco created a Consulting business line comprising global practice areas including Mining Consulting, Environment & Sustainability, Pipelines, Transportation & Logistics, Integrated Technology Solutions, Asset Management & Optimization and Oil & Gas consulting. Please enter your password to proceed. instructions how to enable JavaScript in your web browser. if applicable, the relevant Product Disclosure Statement (in respect of Australian products) or Investment Statement (in respect of New Zealand products) before making any decision to invest. Please select a quantity for at least one ticket. Jim Norine discusses the push to reduce permitting times in the USA, and other options we can use now to improve existing operations and processing techniques to increase energy efficiency and lower emissions. Ausenco Annual Report 2015 For personal use only 2 | Ausenco Annual Report 2015 Contents 02 015 Highlights2 04 Chairman's Report 06 CEO's Report 10 South America 12 North America 14 APAC/Africa 16 People and Sustainability 20 Financial Review 24 Board of Directors 26 Corporate Governance Statement 35 Concise Financial Report 78 Copyright 2023 Palladian Publications Ltd. All rights reserved | Tel: +44 (0)1252 718 999 | [8] This increased employee numbers by 150%, and expanded service offerings to include pipeline systems, ports & marine, environment & sustainability, and transportation systems. We look at sustainability from two complementary perspectives: internally through our governance structures, corporate strategy, and actions, and externally through the work we undertake for our clients and communities. Want Buy, Hold & Sell recommendations for ASX stocks? DISCLOSURE: InvestSMART Group Limited employees may have an interest in the securities and managed funds displayed via this service. Embed article link: (copy the HTML code below): This content is available to registered readers of our magazine only. # Performance figures are after management and admin fees excl. Our role, as a resources industry partner, is to help grow the economy of the communities in which we operate, and to develop employment, procurement, community and contractor engagement opportunities when possible. Our Board of Directors and senior leadership team know that strong governance begins with them. We have sent you an email with the details of your registration. Performance figures for periods greater than one year are annualised and presented as "per annum" values. from an ESG perspective Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). (controlled by Minsur S.A.). Save to read list Please refer to our Financial Services Guide for more information. Ausenco is a Mining & Metals, Management Consulting, and Infrastructure company located in West End, Queensland with $176.00 Million in revenue and 2,877 employees. Historical performance is not a reliable indicator of future performance. Designing, delivering and operating projects aimed at providing economic, social and community development. View our membership page for more information. With decades of experience working on the worlds most demanding projects, our experts are ready to help create customized solutions, optimize value and deliver results tailored to our clients specific needs. The concept of global citizenship is embedded in the UNs Sustainable Development Goals (SDG). The Company is fully funded for both levels of studies. Recently, Mantos Copper Holding has engaged Ausenco for the engineering, procurement and construction (EPC) the 30,000 tonne per day copper concentrator plant and related infrastructure at the Mantoverde Development Project in Chile. Ausenco is a global company redefining what is possible. Ensure psychological safety for VP+ level Fundamental Engagement with Indigenous Peoples. Please enter the 5 digit verification code sent to "{{user.DayPhone}}", We cannot send you a verification code via SMS to "{{user.DayPhone}}". Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Create climate change roadmap to Net Zero Develop a system to track positive impacts from the Candente Copper Corp. (TSX:DNT, BVL:DNT) ("Candente Copper, Company) is pleased to announce that it has engaged Ausenco Engineering Canada Inc. (Ausenco) to conduct Desk Top Studies to identify and define a smaller, higher grade, start up option for Caariaco with a smaller initial capital expenditure (CapEx) and accelerated payback period. You should consider the PDS, FSG and TMD before making a decision about a product. We conduct our relationships with communities where we operate with integrity and respect. Ausenco was founded in Brisbane, Australia, in 1991,[2] by Albanian Australian Zimi Meka, current CEO and Managing Director,[3] and Bob Thorpe, current Board member. This requires changes to how we conduct ourselves. Decarbonization and climate Distributed by Public, unedited and unaltered, on 26 February 2016 05:26:25 UTC, Original Document: http://www.ausenco.com/news-items/2015-full-year-financial-report-and-appendix. Details of entities over which control has been gained or lost during the period are included in the audited financial statements under note 25. Ausenco Limited (AAX) Company Financials. In addition to traditional cost, quality and performance criteria, we will evaluate the sustainability performance of our suppliers and prioritize the selection of our suppliers according to three main criteria: Their size and strategic importance to Ausencos business continuity. Expand our collaboration and mutually Global Company That Serves Mining, Oil & Gas Industries| Ausenco - Ausenco English Managing climate risks Mining executives and owners need to take a broader view of climate risks if they hope to adapt to the new environmental reality. Mr Bob Thorpe Mr Bob Thorpe, a non-executive director, who retires in accordance with rule 16.1 of the Company's constitution, is standing for re-election at the AGM as a non-executive. On this Wikipedia the language links are at the top of the page across from the article title. They have ultimate responsibility and accountability to shareholders, employees, clients, and stakeholders. Are you sure you want to delete your template? You now have access to Free Eureka Report Insights, We look forward to helping you on your financial journey. In our recent report, we outline a clear ESG roadmap, ESG material topics, and the performance metrics that will keep us moving forward. 20 August 2015. Ausenco prioritizes understanding greenhouse gas (GHG) emissions from the services we deliver. do not include indirect cost ratio charged by ETF providers nor brokerage. instructions how to enable JavaScript in your web browser. The big question facing mining execs isnt whether ESG is important to their business, but rather how to make it real and measurable within their business. Company Profile & Annual Report for Ausenco Usa Access the complete profile. responsible supply chain program Performing this action will revert the following features to their default settings: Hooray! Set targets and metrics for mentoring and professional Peter Gregg. On behalf of the Board of Candente Copper Corp. By providing your e-mail address, you are consenting to receive press releases, quarterly and annual reports, presentations and other information concerning Candente Copper Corp. and its affiliates and partners. Magazine: ABN AMRO Morgans Aust Eng Construction Conference - Ausenco. development skills growth Our people and their safety are our priorityStrong safety culture Improved 12 month LTIFR to 0.62 and TRIFR to2.55 per million hours managed againstsignificantly increased hours managed in 2012 Sustained focus on developing our Zero Harmculture across global operationsValuing our people Significant focus on retention, development andperformance of our employees Strong headcount . Mary Shafer-Malicki. Ausenco | 130,077 followers on LinkedIn. Send verification code is disabled for {{getRemainingTimeText()}} sec. After the 1 July 2015 performance figures (after fees and brokerage) were recorded from the Separately Managed Accounts that mirrored these models. Ausenco Limited is a multinational engineering, procurement, construction management, and operations service provider to the energy and resources sectors. million initial public offer was significantly oversubscribed . It launched in 2022, it aims to amplify the profile of women at Ausenco, foster diversity and inclusiveness, expand the opportunities available to women, and harness their impact. complete or timely nor will they have any liability for its use or distribution. We add . Read more, Supporting initiatives to promote transparency, accountability and anticorruption About Ausenco Engineering Canada Inc. We are a global company redefining what's possible. Here are the You must accept the terms and conditions. 4 | Ausenco Annual Report 2011. Meet our engineering and environmental consulting experts. To ensure transparency and accountability, we evaluated our policy framework and created criteria to evaluate critical suppliers. For the effect of fees on your cumulative returns, please see our report How Fees Can Destroy Your Wealth. integration of ESG into our governance Details of Underlying EBITDA are included in Alternative performance measures in the financial report on page 94. Its head office is in Brisbane, Australia. Don't ask again on this device for 30 days. Register for free We combine experience with information technology and new ways of thinking to maximize results. The Ausenco Taggart joint venture was also formed in 2008 to offer design and delivery expertise for coal handling processing plants. depending on the portfolio. The Committee informs the Board about D&I progress quarterly. And we are always looking for a better way. Were making a deliberate and concerted effort to build respectful relationships with Indigenous peoples by acknowledging the past, reconciling this with the present, and building for the future based on trust, respect, partnership and accountability. At Ausenco, sustainability is managed from the highest levels. Please refer to our Financial Services Guide for more information. InvestSMART cannot determine whether or not franking has been included, nor if dividends have been reinvested. In 2004, Ausenco opened an office in China, and then in 2005, opened offices in North America and South America. Any general advice has been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) Cash Costs are also in lowest quartile of the copper industry. Ausenco Engineering USA South Inc.("Ausenco") in connection with the filing of the Hycroft Mining Holding Corporation's registration statement on Form S-8 of the Hycroft Mining Holding Corporation Annual Report on Form 10-K for the year ended December 31, 2021 (the "Form 10-K"), consents to: Zimi Meka . Copyright Ausenco Pty Ltd. 2023. communities. Ausenco Limited (ASX: AAX) Results for announcement to the market A$'000 Dividend reinvestment plan N/A Details of entities over which control has been gained or lost during the period are included in the audited financial statements under note 25. The Incentive Price for Caariaco Norte is in the lowest quartile of top 84 copper projects worldwide named by Goldman Sachs. Our workforce is made up of individuals with a large range of skills, values, backgrounds and experiences. SMS code cannot be sent due to: {{ twilioStatus }}, Looks you are already a member. Please click on the ACTIVATE button to activate your Eureka Report 15-day free trial . The peer calculation is inclusive of admin and management fees; excludes brokerage and no withdrawals have been made. Ausenco began an expansion program in 2008 by acquiring several companies to enhance their service offering, including Vector Engineering, Pipeline Systems Incorporated (PSI)[7] and Sandwell. President, Project Delivery, North America. While we consider all 17 SDGs as important to guiding our performance, we have chosen to focus on those where we believe we can have the greatest impact. {{ t.Cost === 0 ? [5] The Ausenco foundation[6] was also launched in 2007 to offer support to the communities in which people from Ausenco live and work. Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software. Diversity, inclusion and equity The potential for environmental impact or risk. Be recognised by our clients, In 2020, we created the Diversity and Inclusion (D&I) Committee representing people of different geographies, businesses, and experiences. All rights reserved. (Annual sales and employees) What industry is the company in? Global Mining Review, Whilst every care has been taken in producing these numbers, InvestSMART does not guarantee the accuracy of the figures produced in the table. We encourage and support employees to be actively involved in partnerships with local groups, Indigenous communities and charities. and collaboration, Sourcing of resources that are produced in ways that reduce environmental and social impacts In mid-2015, Ausenco formed a Strategic Alliance with Spanish multinational construction company Duro Felguera S.A. to jointly pursue and deliver EPC projects globally. In 2021, Ausenco kicked off an initiative to develop a more structured approach to sustainability and ESG. Please enter your mobile number and press send to receive a text message with a verification code. We have sent a one-time code via SMS/text to your registered mobile phone. For personal use only. Ausenco contributes to the global agenda by operating responsibly and solving societal challenges through business innovation and collaboration. From that, we seek to create a baseline inventory (based on currently available data). You have already flagged this document.Thank you, for helping us keep this platform clean.The editors will have a look at it as soon as possible. Ausenco operates in over 15 countries globally. We remain committed to exploring ways we can strengthen our relationships through enhancing engagement, increasing awareness and education about Indigenous history, values, beliefs and cultural practices, and expanding opportunities for business development. Ausenco was founded on the core belief that we must find a better way to preserve the finite resources the planet offers, especially when faced with the challenges of population growth and a changing climate, said Zimi Meka, CEO. In 2019, our first Reconciliation Action Plan (RAP-A) described how Ausenco intended to create meaningful relationships, enhance respect, and promote sustainable business opportunities for Indigenous Australians. This baseline allows for the creation of internal data channels needed to more accurately estimate GHGs. Establishing and reporting company-wide sustainability metrics to internal and external stakeholders. How do we live up to our sustainability commitments? Assuming favourable results from the Desk Top Studies the Company would look to move into a Preliminary Economic Assessment (PEA) on the Revised Project Concept which would be expected to take approximately 4 months to complete. Please enter your password to proceed. At Ausenco, our people work in ever-changing environments, climates and locations, across many industries. The actions of individual companies are critical for achieving positive outcomes. We already have strong relationships with several Indigenous partners. Reducing resource consumption and optimising resource use in our operations Its up to them to ensure the organization conducts itself in a way that is consistent with our approach to sustainability. Mining executives and owners need to take a broader view of climate risks if they hope to adapt to the new environmental reality. It may take a few minutes to update your subscription details, during this time you will not be able to view locked content. You now have access to Intelligent Investor Free Insights. Develop a sustainability report roadmap to full disclosure Ausenco prioritizes understanding greenhouse gas (GHG) emissions from the services we deliver. We implemented reporting mechanisms and developed an implementation plan, processes, metrics and data platform to demonstrate our ESG performance and commitments. We value our peoples ability, diversity and creativity, and we do everything in our power to nurture their existing talents and develop new ones. Ausencos sustainability goal is built on the premise that human well-being, and the economic benefits derived from the work it does, requires respect for its people, clients, communities, and the natural environment. external parties as leaders in the This important history and the ongoing cultural, spiritual and educational practices makes Australia a stronger and more vibrant place. All rights reserved. The information contained in this report is for the full year ended 31 December 2015 and the previous corresponding period 31 December 2014. By being global stewards of the sustainability cause. Our diverse group of global experts are dedicated to adding value to projects & redefining what's possible. Your file is uploaded and ready to be published. Global regional and . . Tracking our sustainability performance ensures we uphold our commitments to the global agenda and deliver sector leadership in ESG. We are committed to ensuring that our path towards driving change, acceptance and inclusion makes a genuinely positive impact. InvestSMART cannot determine whether or not franking has been included, nor if dividends have been reinvested. [1] The company's name is an amalgamation of "Australian Engineering Company.". Dynamic workplace 0636aeb4-25a9-4e1a-b7b1-5fe87e8d07a2.pdf Read more, Decarbonization and climate Finding a better way to create a sustainable future, Our ESG journey and commitment to sustainability. Director and Institutional Shareholders entered into Voluntary Escrow over 47,033,592 shares until the release of Ausenco's Annual Report for. We deliver our business operations taking into consideration environmental, social, and governance aspects, focusing on generating value for shareholders, stakeholders and other interest groups. Data and content is provided for personal use only. Positioned more than 4,200m above sea level in the south-eastern This involves identification of our largest suppliers as well as suppliers that are critical for delivering our projects The code you entered is incorrect. It may take a few minutes to update your subscription details, during this time you will not be able to view locked content. Joanne C. Freeze, P.Geo., CEO, is the Qualified Person as defined by National Instrument 43-101 for the projects discussed above. For more information about fees and costs, please see the Product Disclosure Statement and Investment Menu. The company listed on the Australian stock exchange on 15 June 2006.[4]. Ausencos Golden Rules of Safety are an essential element directly aimed at preventing serious injuries. SMS code cannot be sent due to: {{ twilioStatus }}, Looks you are already a member. To obtain advice tailored to your particular circumstances, please contact a professional financial adviser. Wherever we operate, we respect diverse communities and environments and strive to achieve sustainable outcomes for all. For more information about fees and costs, please see the Product Disclosure Statement and Investment Menu. brokerage and assuming dividends re-invested and no withdrawals. We have proactive ownership and accountability for HSE governance and assurance. Please enter your email address below to request a new password, DELISTED - Current share price for AAX : $0.395. Please enter the code below. Accordingly, this report is to be read in conjunction with the annual report for the year ended 31 December . We are committed to this process and to redefining our relationship with Indigenous people in Canada. Historical performance is not a reliable indicator of future performance. No Morningstar-affiliated company or any of their employees is providing you with personalised financial advice. Evaluating risks and reducing emissions associated with our business activities, Applying leading standards of environmental practice to our service offerings, including efficient use of resources, management of hazardous and non-hazardous waste, water efficiency and quality, protection of habitat and biodiversity, Designing and building facilities that minimize environmental impacts across a projects full lifecycle. Bob Thorpe. Resend code is disabled for {{getRemainingTimeText()}} sec. You are already registered for this event. Engagement with indigenous peoples and communities, Launch the Envisioning & Prioritization phases of our D&I strategy and consolidated action plan Ensuring open communication channels and effective participation in decision-making Ensure female employees feel equally supported and included Achieve carbon neutrality through You now have free access to InvestSMART, we look forward to helping you on your financial journey. At Ausenco, we offer undergraduate students and new professionals opportunities to make real contributions to project outcomes. Ausenco further diversified their offering in 2012 by acquiring 100% of Reaction Consulting,[10] a Canada-based specialist provider of engineering services in the SAGD bitumen and oil sands sectors, to expand its capability and services in process engineering for the oil and gas market. Magazine: 2012 Full Year Results Presentation - Ausenco. The email address you entered is registered with InvestSMART. Registration for this event is available only to Eureka Report members. opportunities analysis. This important history and the ongoing cultural, spiritual and educational practices makes Australia a stronger and more vibrant place. How do we reach our sustainability goals? View our membership page for more information. Fees are calculated by Morningstar as the average over 10 years. You should consider the advice in light of these matters and, In 2019, our first Reconciliation Action Plan (RAP-A) described how Ausenco intended to create meaningful relationships, enhance respect, and promote sustainable business opportunities for Indigenous Australians. In 2021, Ausenco kicked off an initiative to develop a more structured approach to sustainability and ESG. Infrastructure > Logistics. Vancouver, British Columbia, February 25th, 2021. Our journey continues with a clear vision and a committed, experienced team. Collaborating with our suppliers and partners to minimize the environmental impacts of projects. Date: 26/02/2016 Patrick O'Connor. After 18 June 2019 performance figures (after fees and brokerage) have been recorded from the Australian Equity Income ETF (ASX: INIF) which mirrors the Income Model and after 5 October 2020 performance figures (after fees and brokerage) have been recorded from the Australian Equity Growth ETF (ASX: IIGF) which mirrors the Growth Model. Careful management of resources Send verification code is disabled for {{getRemainingTimeText()}} sec. Understanding the small picture, and knowing what to focus on, can help create actionable, achievable goals. We are progressing along our diversity and inclusion journey. and/or Morningstar Research Limited, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. ESG material topics are fully aligned with Ausencos core values, and they connect with ESG strategy goals. By leveraging our sustainability experience and values to take direct action on global challenges. Jim Norine, VP - Southwest USA tells us the real story - about our work in Arizona, the move towards electrification and green energy, ESG and the importance of diversity and inclusion. Our success and reputation are built on developing innovative designs that incorporate energy, water, and process efficiencies to create smaller footprints and reduce environmental impacts., Paul Hemsley, Ausencos Executive VP Environment, Social and Governance Strategy, added: We have the expertise and the experience to support clients in the search for the most sustainable approach to the development of the raw materials necessary to produce goods and services for consumers around the world. In 2002, the first institutional shareholders invested in Ausenco and former Queensland Premier Wayne Goss was appointed chairman of the company. Please try again. Please try again. IMPORTANT: This information is general financial product advice only and you should consider the relevant Product Disclosure Statement (PDS), Financial Services Guide (FSG), Target Market Determination (TMD) or seek professional advice before making any investment decision. Details from the Caariaco Norte Copper Project Pre-Feasibility Study Progress Report available at https://www.candentecopper.com/site/assets/files/5389/canariaco-pfs.pdf estimate NPVs and IRRs of $1.06B and 17.5% at $2.50 Cu and $1.56B and 21.5% at $2.90 Cu. George Lloyd was appointed Chairman in 2013, which was the same year Ausenco acquired PROJEX Technologies Ltd[12] in Calgary, Alberta and Halifax, Nova Scotia, Canada to expand capabilities in the oil sands market. Neither any Morningstar company nor any of their content providers guarantee the data or content contained herein to be accurate, For full functionality of this site it is necessary to enable JavaScript. Ausenco has a 30-year track record in delivering specialized end-to-end solutions which are proven to lower capital and operating costs, reduce construction time and improve plant efficiencies. Promoting and growing diversity and inclusion in our workforce Half-Year Report Name of entity Ausenco Limited ABN or equivalent company reference Half year ended . These requirements are a key element of our Health, Safety and Environmental management system and have been designed to emphasize the most important requirements to managing our critical risks.