Wednesday, 19 December, 2012 - 05:44
Opportunity lies ahead after slowdown
The upheaval of recent months has obscured the record investment in the resources sector and the big growth in production coming in future years.
Sherif Andrawes is the Global Natural Resources & Energy Leader, a role that encompasses the services BDO provides to clients in the mining, oil and gas, and renewables sectors worldwide. Mr Andrawes is also BDO’s National Co-Leader for Sustainability.
He has over 35 years of experience in executive leadership, corporate advisory, and finance roles in Australia and Europe.
Mr Andrawes commenced his career in 1987 with BDO in London, he moved to Perth permanently in 1997 and was admitted as a Corporate Finance Partner of BDO in 2001.
In 2007, Mr Andrawes was appointed as the head of BDO’s Corporate Finance & Deal Advisory team and in 2009 he became the Chairperson of BDO in Western Australia, a position that he held until 2018.
Mr Andrawes is recognised as a Fellow of Chartered Accountants Australia and New Zealand (CAANZ) and the Institute of Chartered Accountants in England and Wales, as well as a CA BV (Business Valuation) Specialist as recognised by CAANZ.
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The upheaval of recent months has obscured the record investment in the resources sector and the big growth in production coming in future years.
ACCOUNTING firm BDO has recruited experienced management-consulting player Maurice Argento to establish a new business line for the firm.
Junior resources companies are enjoying a renewed interest for capital raisings as investors return cautiously to equity markets after a dry 2013.
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Born in Egypt and raised in Scotland, Sherif Andrawes brings a world of experience to his role as WA chair of global accounting firm BDO, as Business News discovered over lunch at Julio’s in West Perth.
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Exploration spending among ASX-listed resources juniors increased about 13 per cent in the December quarter, the third consecutive uptick, according to recent research by professional services firm BDO.
A quarterly review of the comings and goings of ASX-listed exploration companies by accounting and corporate advisory firm BDO has highlighted a broad recovery in the resources sector, with battery related commodities leading the way.
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Accounting firm BDO has appointed Perth-based chairman Sherif Andrawes as its global natural resources leader, replacing Charles Dewhurst from the company’s US arm, after 12 years in the role.
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With explorers well funded and strong commodity prices, all signs point to a lengthy period of activity.
The national unemployment rate is now lower than Western Australia's, with a rate of 4 per cent across the country slightly less than 4.1 per cent out west.
Fundraising activity among explorers has fallen from the lofty highs of 2021, but BDO’s global head of natural resources Sherif Andrawes says it’s too early to call time on the sector’s streak.
Australian-listed explorers raised a bolstered $3.02 billion during the December quarter after lithium and gold topped the charts for the most funds secured.
Juniors have thrived in the search for future-facing commodities, while investment in coal suggests that sector won’t go quietly.
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