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SKM clears $1B revenue barrier

Chief Paul Dougas said this year’s Annual Review focused heavily on the company’s commitment to sustainability following a commitment to cut the company’s greenhouse gas emissions by 30% per capita by 2011. “Sustainability is now central to everything we do. And we believe the greatest impact we can make is in the delivery of sustainability principles through major projects around the world,” Dougas said. This year’s Annual Review featured several case studies to illustrate the company’s delivery of sustainability principles. One major project was the Dampier port upgrade in Western Australia for Pilbara Iron, a subsidiary of Rio Tinto Iron Ore.SKM was appointed as engineering, procurement and construction management (EPCM) contractor for the $US1.4 billion port expansion and delivered the project ahead of schedule, on budget and with an exceptional safety record.“The mining and metals and the water and environment sectors have been the highlights of 2007-08,” Dougas said.“The global mining boom continued its unprecedented growth and our skill base and long-established relationships with major clients put SKM in a strong position to benefit from this boom, which we still believe will continue for at least another five years, if not substantially longer.”Dougas said the company is delivering studies and EPCM projects with a total capital value of $25 billion across Western Australia, Queensland, New South Wales, South Australia, Chile, Peru, Brazil and Africa. Another highlight for the year was negotiating the biggest single contract in SKM’s history – a program of work including mine, rail links and a port. “This joint venture with Fluor is to work as program manager for BHP Billiton’s iron ore expansion in the Pilbara, Western Australia,” he said.“This work has a capital expenditure of $20 billion over the next five to seven years.”Dougas said the company’s expertise in the Pilbara on iron ore projects, led Brazilian miner Vale, to commission the company to undertake a number of engineering projects in Brazil during the year. During the year, South Australian environmental consultancy REM merged with SKM, bringing top-tier skills in soil, catchment and groundwater assessment. Dougas said this merger placed SKM in a good position to become the leading groundwater practice in Australia. “Our alliance and joint-venture work produced solid results during the year, particularly our work in the United States where we signed a memorandum of understanding with environmental consultant Malcolm Pirnie Inc.,” he said.Dougas said in the coming year the company will look at further opportunities overseas, following inroads into China and India in 2007-08.He said the Chilean regional operations continue to be an exceptional success story, attracting new business and growing strongly. It is now the biggest SKM business outside Australia. “While there is some uncertainty in global financial markets, we are cautiously optimistic about the outlook, acknowledging that we need to be alert to changes and prepared to respond quickly,” Dougas said.

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