Success Story: Anchor Resources Limited

Anchor Resources Limited
Anchor Resources Limited

Industry

Steel and Mining

Customer Profile

Anchor Resources Limited, listed on SGX, is principally engaged in the business of exploration, mining and production of gold for sale in Terengganu, Malaysia. Anchor Resources Limited is a major player in the both gold mining and granite quarrying industries and a pioneer in underground gold mining in Malaysia.

Market

Malaysia

Tricor Services

Enterprise Risk Management (ERM) Advisory; Sustainability Reporting Advisory; Internal Audit Services

Customer Since

2017

Accelerating Enterprise Risk Management (ERM)

Tricor Axcelasia provided excellent advice tailored to our business needs and drawn from their extensive experience in internal audit, ERM advisory, and sustainability reporting advisory. Tricor Axcelasia’s deep industry knowledge and expert team have been indispensable.

Mr. Ng Kok Hok, Chief Financial Officer

Challenge

Anchor Resources Limited, an SGX-listed client, needed a partner to help develop and promote risk management fundamentals to the Board of Directors and senior management. Anchor sought to overcome ERM design and implementation challenges by engaging a trusted partner to provide insight and help them apply industry best practices.

Tricor Axcelasia Solution

Tricor Axcelasia provided ERM advisory and training services to Anchor Resources Limited and its active subsidiaries, covering Angka Alamjaya Sdn Bhd and Angka Mining Sdn Bhd (collectively referred to as “the Anchor Group”).

We delivered a 4-pronged ERM approach customized to the client’s specific needs:  

  • Strategy – Strategic planning with a strong focus on ‘bigger picture’ initiatives, such as technology-related risks and challenges. 
  • Risk Assessment – Identification of risk drivers and development of a detailed assessment to facilitate a comprehensive and continuous risk management effort.
  • Interactive Engagement – Promotion of active participation together with the creation of a feedback loop to improve communication between executives and managerial teams. 
  • Education & Training – Training sessions to boost the risk management capabilities of teams using real case studies examples to illustrate risk management in action.

Results and Key Benefits

Applying best practices and lessons learned from Tricor Axcelasia's extensive GRC experience helped the client to support their long-term organizational growth and business sustainability with a risk-aware, forward-thinking mindset.

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