Integrated Annual Review 2012 Annual Financial Report 2012 Mineral Resources and Mineral Reserves Regional overview  
 

1.1.2 Heat map

The heat map below sets out the top five risks for the Australasia Region, as identified through our Enterprise Risk Management (ERM) process.

Figure 1.7: Top five Australasia Region heat map

Figure 1.7: Top five Australasia Region heat map

Risks   Mitigation strategies
 
Delineation of further reserves through significant near mine exploration
Implementation of ongoing business improvement to achieve cost savings and productivity gains to reduce cut-off grades
Closure of high-cost, heap leach facility to improve cost structures
 
Development of power supply agreement that allows for on-trading in unlikely event of early suspension of operations
 
Mining of higher-grade underground ore at St Ives in place of lower-grade open pit ore
Mining of higher-grade Kim ore zones at Agnew
Completion of owner-mining transition at St Ives’ open pits
 
Review and improvement of employee development programmes
Implementation of a centralised recruitment and retention strategy
 
Implementation of ongoing business improvement to achieve cost savings and productivity gains
Implementation of portfolio review initiatives