Centennial Coal Expands Partnership & Risk Management Capabilities with Dyadem
July 21 2010 - 8:51AM
Business Wire
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.
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