Centennial Coal Expands Partnership & Risk Management Capabilities with Dyadem
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Centennial Coal Company Limited (ASX: CEY), the largest independent coal
producer in Australia has expanded its relationship with Dyadem in order
to gain further insight and visibility into its enterprise-wide risk
using the Stature software platform. Dyadem, the leader in Operational
and Quality Risk Management solutions is helping Centennial Coal upgrade
its existing risk management capabilities by implementing enterprise
risk management solution Stature, which will provide Centennial Coal
with an integrated view of risk across all of its operating sites.
Operating a network of mines requires diligent oversight and constant
transition of priorities to ensure that the most critical risks are
being addressed. Consolidating disparate risk management processes into
one software system allows information to be linked from one process to
the next; for example, a recommendation made during an incident
investigation can automatically trigger a risk assessment, ensuring that
risks are managed throughout their entire lifecycle and that actions are
not lost between systems. Using Stature, Centennial Coal has immediate
access to aggregated data within reports and dashboards and can make
more informed decisions faster.
'Stature gives us an integrated view of risk across all 11 of our mine
sites and allows us to look at aggregate data for top risks, performance
metrics, controls and mitigation efforts. It provides both operational
clarity and a more strategic view of risk for senior management and
board-level reporting. Stature maintains all the flexibility we
previously had with Dyadem′s desktop software, but provides a more
robust, integrated and enterprise-wide view, allowing us greater
visibility and greater control of our hazards and risks,? said John
Hempenstall, Chief Risk Officer for Centennial Coal.
Centennial Coal has deployed Stature and its associated modules for Risk
Assessment, Global Risk Register and Incident Management across all of
its mine sites in New South Wales, Australia. Consolidating these
components of the risk process ensures that Centennial′s executive
management, along with local site managers have better insight and
control over risks and hazards that could impact the business. Stature
allows Centennial Coal risk managers to prioritize risk management
needs, control hazards and make more informed business decisions.
'Centennial Coal is on the leading edge of risk management and continues
to take a proactive approach to managing not only its financial risks,
but also the risks to its employees, assets, operations, the environment
and the community at large,? said Kevin North, President and CEO,
Dyadem. 'We′re proud that Stature was the only system capable of meeting
their requirements and is helping take their risk management efforts to
a new level.?
About Dyadem
Dyadem is the market leader in Operational Risk Management and Quality
Risk Management solutions. Dyadem provides software and services that
empower companies to discover and manage the risks to people and
products in the design and manufacturing processes. Dyadem helps some of
the world′s largest companies achieve regulatory compliance and business
continuity, serving the Oil & Gas, Chemical, Mining, Pharmaceutical,
Medical, Automotive, Electronics and Aerospace and Defense industries.
For more information, visit www.dyadem.com.
About Centennial Coal
Centennial is the largest independent coal company in Australia in terms
of production and has ten coal mines in NSW, making it one of the
largest underground coal producers in NSW. Established in 1989 and
listed on the Australian Stock Exchange in 1994 (ASX: CEY), Centennial
Coal is a coal mining and marketing company supplying thermal coal to
the domestic and export markets. The Company is a major fuel supplier to
the New South Wales energy industry, fuelling approximately 46% of the
State's coal fired electricity.
Dyadem
Maureen Robusto, 978-289-7752
mrobusto@dyadem.com