enthalpy news

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Luke Epstein Appointed Associate Partner

Over the past 10 years, Luke has worked as a Regional Project Manager and Engineer on numerous multibillion dollar offshore and onshore infrastructure projects around the world, across the Oil & Gas, Rail and Infrastructure industries. In these roles, he was able to develop his analytical, problem solving, operational improvement, strategic and leadership skills to successfully complete projects in complex operational environments, and to demanding delivery schedules.

He enjoys working with the full spectrum of stakeholders (including executive general management in the office, to multiple teams of operators onsite and offshore) to solve a variety of performance and operational problems. His Clients have included Rio Tinto, Inpex, Chevron and Fortress Group over multiple projects around the world.

Many of these projects Luke has completed were on an intensive Fly-In-Fly-Out basis. His project work has taken him to different parts of Australia, the United States, Singapore and Malaysia and Luke appreciates the intricacies required when working with different cultures to solve problems with clients, influence change, and gain the best results.
Outside of the office, Luke has undertaken multiple leadership, volunteer and entrepreneurial roles with Young Engineers Australia, The Ronald McDonald House and personal start-up ventures respectively.

Having recently completed an MBA from Melbourne Business School and exchange program at ESADE Business & Law School in Spain, Luke is keen to combine his technical engineering, project management and leadership skills, with the additional problem solving and business skills acquired.

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the enthalpy, tacmin madini and projection group partnership

As part of our global strategy Enthalpy is pleased to announce a strategic partnership with Tacmin Madini and Projection Group.

Enthalpy believes this partnership with Tacmin and Projection provides a natural extension to the Enthalpy Independent Owner’s Project Management suite of services.

Our new partnership gives Enthalpy, Tacmin and Projection a wide geographic representation and increased accessibility to our clients with Enthalpy’s West and East Coast Australian representatives, Gavin Nunes and Paul Harper, combined with Tacmin’s African and Projection’s South East Asian, Australian and Middle East presence.

Enthalpy is tremendously excited about this partnership and the increased scope of service and advice we will be offering our clients.

open pit mining

Tacmin Madini is a South African based consultant specialising in owner’s project management services and specialist technical advice in mining, specifically open pit operations.

Tacmin’s specialist technical, project and contract management consulting services in open pit mining combine with Enthalpy’s strategic investment advice, independent peer review and project management services to add depth and a new perspective to Enthalpy’s advice about mining project and operation management strategies.

open pit mining

Projection Group offer software packages and consulting advice in project controls, document management and health & safety for their infrastructure and mining clients in South East Asia, Australia and the Middle East.

Projection’s superior software offerings are readily tailorable to client needs and business structures, they provide a valuable adjunct to Enthalpy’s project management and project controls know-how and experience. Enthalpy’s project controls processes combined with Projection’s Scenario Advantage software will put projects on the pathway to success.

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AFR: Blue Sky over Enthalpy Projects

Blue Sky Private Equity has invested in another private business just weeks after establishing its first fund aimed at sophisticated investors interested in the small to medium enterprise sector, buying a 35 per cent stake in project management firm Enthalpy.

Blue Sky Alternative Investments Limited (Blue Sky) is an Australian Securities Exchange listed (ASX:BLA) alternative asset manager with more than $2 billion in assets under management. Headquartered in Brisbane, Blue Sky has offices in Adelaide, Sydney, Melbourne and New York and a team of over 80 investment professionals and support staff.

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Paul Harper Announced as the New Enthalpy CEO

It is with great pleasure that Enthalpy announces Paul Harper has accepted the position as the CEO of Enthalpy.

Paul Harper, BSc Mining Eng (Hons), FAusIMM, GAICS will assume this role from the end of October 2016 when Neil Cusworth steps from CEO to Chairman and Senior Associate.

Paul has experience as a CEO and a leader in the international consultancy services in the resources industry. He brings to the role his strategic thinking to enhance and influence business strategies and leadership to develop high performing teams. In addition Paul has extensive international mining experience in Australia, South and Central Africa, South and North America, which includes broad operational, technical and commercial skills in production, development, contracting and project evaluation.

Commenting on his appointment, Paul said: “I am honoured and excited to have been selected to lead such an innovative and successful company as Enthalpy. My mission is to continue driving Enthalpy into the next phase of growth. Enthalpy assists their clients to invest wisely and effectively manage their capital funding for projects. I am impressed that Enthalpy is more than a Project Management consultancy company. Enthalpy certainly has the tools and expertise to realise the true value of projects.

I am a believer in establishing long term professional relationships – it is a journey and not just reaching a destination! So I am certainly looking forward to engaging with Enthalpy’s staff and customers to be part of a team that really does make a difference”.

We are delighted that Paul Harper is joining to lead Enthalpy as the company’s CEO, continuing to build on the solid foundation and reputation of Enthalpy.

Neil Cusworth
Non-Executive Chairman & Senior Associate

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Mineral Industry Technique Award (2012)

We’d like to congratulate Neil Cusworth on a recent AUSIMM Award that he received.  Neil is one of a small number of distinguished contributors to the Australasian Institute of Mining and Metallurgy (AusIMM) and the minerals industry that have been recognised in the 2012-2013 AusIMM Awards.  These honours are awarded to distinguished professionals who have made significant contributions to their Branches, the Institute and the industry. Neil was awarded the Mineral Industry Technique Award in recognition of his contribution in developing innovative, cost saving and effective techniques in the minerals project sector.

The awards were presented at The AusIMM Annual Awards Dinner on Saturday 15 June 2013 in Sydney, New South Wales.  The presentation had the following to say about Neil:

Neil is a fellow of the AusIMM, current director, former managing director and founder of Enthalpy’s Australian and South American operations. He has a project management engineering career spanning almost four decades in the resource sector with experience in minerals, oil and gas and industrial building sectors. Neil has worked extensively and globally on assignments as a project manager and director and has undertaken a variety of specialist advisory assignments since 1996. In particular he has developed best practice systems and standardised procedures for project management for multinational corporations. Antofagasta Minerals, Barrick Gold, BHP Minerals and Billiton Plc, Codelco, Falconbridge and Stanwell Corporation have confidently incorporated these systems into their corporate processes. A mechanical engineer by training with multi-discipline skills and an orientation towards commercial and project control aspects of the mining, resource and industrial sectors, Neil is a Fellow of The Australasian Institute of Mining and Metallurgy (AusIMM), and a Member of the Institution of Engineers. Neil made a major contribution to the early chapters and overall committee work for the AusIMM Cost Estimation Handbook 2nd Edition – Monograph 27, freely allowing his proprietary procedures to be adapted to the Handbook for the benefit of the industry.

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Making the Right Investment Decisions

Making the Right Investment Decisions to develop or acquire new capital assets should be made on complete information evaluated via a feasibility process. By necessity the information is never final, hence due to this uncertainty, no investment decision is without risk.

What is at issue is that the systematic evaluation processes used, and the definition standards to be  achieved, should ensure the evaluations are complete and to a known quality.

Download Paper

During the 90’s and even more recently, the media have reported on a number of large projects and acquisitions that could only be described as technical and economic disasters. These well publicised investments destroyed shareholder value and resulted in challenges to Boards and Management of many resource companies.

Capital Investment Systems incorporating defined processes and standards have now evolved to meet these challenges.

This paper sets out the experiences of Neil Cusworth, Managing Director of Enthalpy, relating to the Best Practices now being used or developed to make Capital Investment decisions.

The costs and efforts needed to define any new capital asset development or acquisition utilise the resources available from shareholders’ investments. If the intended development or acquisition
proceeds, then the investigation costs add to the costs of the new development or acquisition. Alternatively, if the intended development or acquisition does not proceed, then the shareholders’ funds are lost or reduced in value.

Yet to grow or sustain a business, investments must be made. The challenge then is to decide how much of shareholders’ funds should be put at risk, prior to the investment decision, in seeking to define the investment. The alternative is to take higher risks during the delivery of the development project or purchase of the existing business or asset.

Over the past fifteen years too many examples of investment decisions which did not deliver the promised values have been witnessed in the resource and industrial sectors.

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The Use and Abuse of Feasibility Studies

It is generally accepted that the preparation of a feasibility study is an important element early in the life cycle of a resource development project (eg Laird, 2001; Amos, 2001). It is also widely accepted that the feasibility study process is multi-phased and iterative (eg West, 2006).

Typically, initial assessments of the development potential of a resource project are aimed at assessing the project’s key technical and economic characteristics, with subsequent assessments designed to confirm assumptions and reduce the uncertainty associated with the development to an acceptable level. References to feasibility studies are often prefaced with ‘order of magnitude’, ‘preliminary’, ‘indicative’, ‘pre’, ‘final’, ‘bankable’, ‘definitive’, ‘detailed’ or other terms to indicate the level of detail investigated in a study. Resolution of technical issues is often seen as the primary focus of a feasibility study, whereas in reality, these technical issues are the basis upon which a business plan is built. This is not to say that technical issues are unimportant – they are a prerequisite to the demonstration of a project’s viability.

Download this paper, as presented at the 2007 AusIMM Project Evaluation Conference, discusses a framework for the conduct of ‘feasibility
studies and provides guidance to minimum standards and best practice.

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The Enthalpy Story Told: do the project right

For the past 25 years, Enthalpy has been working quietly in both the board rooms and on the shop floor for many of the world’s largest and newest companies. We are well known to our many clients but recognised by few outsiders. Today, we have decided to pull back the curtain and let the rest of the world know how we have been assisting our clients to select the right project, and do the project right. Today, we have released our new website detailing a snapshot of our 25 years of experience in multiple industries across multiple continents. We look forward to our next 25 years and becoming better known to many more.

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Brisbane Mining Conference 2013

On the 23-25th October Enthalpy staff will be attending the Mining 2013 Conference at the Brisbane Convention and Exhibition Centre, Southbank, Queensland. Please contact enquiries@enthalpy.com.au for more information.

Mining 2013 Conference

For more information about the conference, please visit:

With back-to-back presentations across two auditoria from key resource industry experts and participants, this three-day event has previously secured delegations in excess of 1,500, 140+ booths within its bustling exhibition area and ample networking opportunities at its attendant’s finger tips.