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This page was last updated on July 08, 2021

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  • Ero Copper Reports Fourth Quarter and Full Year 2022 Operating and Financial Results

Vancouver, British Columbia – Ero Copper Corp. (TSX: ERO, NYSE: ERO) (“Ero” or the “Company”) is pleased to announce its operating and financial results for the three and twelve months ended December 31, 2022. Management will host a conference call tomorrow, Wednesday, March 8, 2023, at 11:30 a.m. Eastern time to discuss the results. Dial-in details for the call can be found near the end of this press release.

  • Record full-year copper production of 46,371 tonnes, including 12,664 tonnes produced in the fourth quarter, surpassed the Company's 2022 production guidance range of 43,000 to 46,000 tonnes
  • Copper C1 cash costs (*) for the fourth quarter and full-year were $1.41 and $1.36, respectively, per pound of copper produced
  • Gold production also marked a record 42,669 ounces in 2022, including 11,786 ounces produced in the fourth quarter, and exceeded the full-year guidance range of 39,000 to 42,000 ounces
  • Gold C1 cash costs (*) for the fourth quarter and full-year were $445 and $560, respectively, per ounce of gold produced. All-in Sustaining Costs ("AISC") (*) for the same periods were $1,096 and $1,124, respectively, per ounce of gold produced
  • Fourth quarter and full-year cash flows from operations were $34.0 million and $143.4 million, respectively
  • Fourth quarter and full-year adjusted EBITDA (*) were $58.2 million and $208.6 million, respectively
  • Fourth quarter and full-year adjusted net income attributable to owners of the Company (*) were $22.2 million ($0.24 per share on a diluted basis) and $83.5 million ($0.91 per share on a diluted basis), respectively
  • Capital expenditures were nearly $90 million in the fourth quarter as construction activity related to the Company's strategic growth initiatives ramped up. Full-year capital expenditures, including deposits on contracts, were just under $300 million, below 2022 capital expenditure guidance of $308 million to $354 million, primarily due to the success of Project Honeypot and subsequent deferral of the delivery date for the new external shaft of Pilar Mine
  • Available liquidity at year-end was $392.4 million, including cash and cash equivalents of $177.7 million, short-term investments of $139.7 million, and $75.0 million of undrawn availability under the Company's senior secured revolving credit facility. Subsequent to year-end, the Company extended the maturity and increased the size of its senior secured revolving credit facility to $150.0 million, resulting in pro forma year- end liquidity of $467.4 million
  • 2023 production, operating cost, and capital expenditure guidance reaffirmed

*These are non-IFRS measures and do not have a standardized meaning prescribed by IFRS and might not be comparable to similar financial measures disclosed by other issuers. Please refer to the Company’s discussion of Non-IFRS measures in its Management’s Discussion and Analysis for the year ended December 31, 2022 and the Reconciliation of Non-IFRS Measures section at the end of this press release.

“Our 2022 financial results showcase record production levels amidst a backdrop of inflationary pressures experienced across the global mining industry over the past year,” said David Strang, Chief Executive Officer. “Despite encountering some unique obstacles related to our domestic smelter that necessitated a higher allocation of copper concentrate sales to the export market, resulting in reduced tax benefits during the year, we resumed domestic sales on a limited basis subsequent to year-end. With the added benefit of higher metal prices, we are witnessing stronger-than-expected operating margins as we enter 2023 and are well-positioned to execute on our growth strategy.

"At our Tucumã Project, road upgrade and drainage infrastructure completed at the end of the third quarter allowed us to build momentum during the rainy season with minimal down- time. As of year-end, we reached just over 20% physical completion and are ahead of schedule on pre-stripping activities. As a result of these efforts, we were able to commence concrete pours for the plant foundation subsequent to year-end.

"At the Pilar Mine, we revised our timeline for the new external shaft following the success of Project Honeypot and updates to Caraíba's Strategic Life-of-Mine Plan. The Project Honeypot stopes added to our production plan have allowed us to maintain high margins while smoothing our capital profile during construction of the shaft, for which the delivery date has been deferred by approximately nine months.

"Given the scarcity of new copper development projects and extraordinary demand anticipated from global decarbonization efforts, the timing of our near-term growth plans is highly favorable. With these unprecedented market conditions as well as nearly $470 million in balance sheet liquidity as of February 2023, we remain focused on delivering peer-leading growth."

FOURTH QUARTER & FULL-YEAR REVIEW

Mining & Milling Operations

  • Higher mined and process copper grades during the fourth quarter resulted in copper production of 12,664 tonnes in concentrate, representing an increase of approximately 13% compared to the third quarter
  • Full-year copper production exceeded 2022 copper production guidance range of 43,000 to 46,000 tonnes and reflect a year-on-year increase to mill throughput of nearly 500,000 tonnes of ore
  • Fourth quarter gold production benefited from higher processed gold grades of 10.17 grams per tonne ("gpt"), representing an increase in grade of nearly 20% compared to the prior quarter
  • Full-year gold production, which surpassed 2022 gold production guidance range of 39,000 to 42,000 ounces, increased approximately 13% year-on- year due to higher mill throughput as well as higher mined and processed gold grades

Organic Growth Projects

  • Mine pre-stripping accelerated during Q4 2022 with approximately 1.6 million tonnes of pre-stripping completed as of year-end, or approximately 12% of total. Waste dump construction is progressing on schedule with completion expected in Q3 2023
  • Completion of the on-site concrete batch plant and mobilization of the civil works contractor occurred subsequent to year-end with first foundations poured in February 2023
  • Approximately 55% of planned capital expenditures were under contract as of year-end, up from approximately 30% at the end of Q3 2022. An additional 25% of Feasibility Study capital expenditures remain in various stages of tendering or negotiation. Consistent with Q3 2022 project capital forecasts, total planned capital expenditures remain within 12% of pre- contingency Feasibility Study as of year-end
  • In partnership with The National Service for Industrial Training, a Brazilian non-profit organization focused on improving the competitiveness of Brazil's manufacturing sector through technical and vocational education, the Company commenced comprehensive training programs within the city of Tucumã and surrounding communities to further develop skills within the local community that are expected to support the development and operation of the Tucumã Project
  • The addition of Project Honeypot into the LOM Plan drove a significant increase to the Caraíba Operations' estimated mineral resources, mineral reserves and mine life, allowing the Company to defer the delivery date of the new external shaft by approximately nine months without impacting expected copper production
  • Construction of the new external shaft continued to advance well against the revised timeline with physical completion at approximately 20% as of year-end and approximately 35% of planned capital expenditures under contract or in the final stages of negotiation. Based upon current capital expenditure forecasts which reflect additional supplier and contractor quotes, construction of the new external shaft remains on budget
  • The Caraíba mill expansion remains on schedule with completion expected in Q4 2023

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Figure 1: Tucumã Project pre-stripping progress (February 2023).

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Figure 2: Aerial view of future Tucumã Project processing areas, including (A) primary crushing, (B) secondary and tertiary crushing, and (C) plant and administrative buildings.

Subsequent Events

  • In January 2023, the Company entered into a zero-cost collar program on 3,000 tonnes of copper per month for February through December of 2023. The collars establish a floor price at $3.50 per pound of copper on total hedged volumes of 33,000 tonnes of copper, representing approximately 75% of full-year production volumes. The program protects a meaningful portion of the Company's revenue at the Company's 2023 budget copper price which was used for capital, cash flow and liquidity planning purposes, while providing upside to increases in the copper price up to a cap of $4.76 per pound - within 5% of the all-time high copper price. The hedge contracts are financially settled on a monthly basis.
  • Subsequent to year-end, the Company also closed its amended senior secured revolving credit facility (the "Amended Senior Credit Facility"), increasing its capacity from $75.0 million to $150.0 million and extending the maturity from March 2025 to December 2026. The Company also achieved improved terms on the Amended Credit Facility, including a 25 basis point reduction to the applicable margin on drawn funds and reduced standby fees on undrawn commitments.

OPERATING AND FINANCIAL HIGHLIGHTS

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(1) EBITDA, Adjusted EBITDA, Adjusted net income (loss) attributable to owners of the Company, Adjusted net income (loss) per share attributable to owners of the Company, Net (Cash) Debt, Working Capital, C1 cash cost of copper produced (per lb), C1 cash cost of gold produced (per ounce) and AISC of gold produced (per ounce) are non-IFRS measures. These measures do not have a standardized meaning prescribed by IFRS and might not be comparable to similar financial measures disclosed by other issuers. Please refer to the Company’s discussion of Non-IFRS measures in its Management’s Discussion and Analysis for the year ended December 31, 2022 and the Reconciliation of Non-IFRS Measures section at the end of this press release.

2023 PRODUCTION AND COST GUIDANCE (*)

In 2023, the Caraíba Operations are expected to produce 44,000 to 47,000 tonnes of copper in concentrate with higher mill throughput levels expected towards the end of the year following the anticipated completion of the Caraíba mill expansion in Q4 2023. As a result, copper production is expected to be slightly weighted towards H2 2023 with Q1 2023 expected to contribute the lowest amount of production of the year due to planned stope sequencing driving lower anticipated processed copper grades.

The Company's 2023 C1 cash cost guidance range for the Caraíba Operations of $1.40 to $1.60 per pound of copper produced reflects (i) sales allocation of 100% of copper concentrate produced to the international market and (ii) elevated consumable cost input assumptions based on Q4 2022 consumable pricing. Q1 2023 C1 cash costs are expected to be slightly above the full-year guidance range due to the impact of lower anticipated copper grades and production during the quarter.

At the Xavantina Operations, the Company expects to produce 50,000 to 53,000 ounces of gold in 2023 with production expected to be lowest in Q1 2023 and slightly weighted towards H2 2023 due to higher mill throughput levels following the expected commencement of production from the Matinha vein during H2 2023.

The Xavantina Operations' 2023 C1 cash cost guidance range of $475 to $575 per ounce of gold produced reflects the impact of significantly higher anticipated mined and processed gold grades in 2023 compared to 2022, partially offset by elevated consumable cost assumptions reflecting Q4 2022 consumable pricing. The Company's AISC guidance range for 2023 is $725 to $825 per ounce of gold produced.

The Company's cost guidance for 2023 assumes a USD:BRL foreign exchange rate of 5.30, a gold price of $1,725 per ounce and a silver price of $20.00 per ounce.

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(1) These are non-IFRS measures and do not have a standardized meaning prescribed by IFRS and might not be comparable to similar financial measures disclosed by other issuers. See the Reconciliation of Non-IFRS Measures section at the end of this press release for additional information.

2023 CAPITAL EXPENDITURE GUIDANCE (*)

The Company's capital expenditure guidance for 2023 assumes a USD:BRL foreign exchange rate of 5.30 and has been presented below in USD millions.

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(*) Guidance is based on certain estimates and assumptions, including but not limited to, mineral reserve estimates, grade and continuity of interpreted geological formations and metallurgical performance. Please refer to the Company’s SEDAR and EDGAR filings, including the recent Annual Information Form for the year ended December 31, 2022 and dated March 7, 2023 (the "AIF"), for complete risk factors.

CONFERENCE CALL DETAILS

The Company will hold a conference call on Wednesday, March 8, 2023 at 11:30 am Eastern time (8:30 am Pacific time) to discuss these results.

Reconciliation of Non-IFRS Measures

Financial results of the Company are presented in accordance with IFRS. The Company utilizes certain alternative performance (non-IFRS) measures to monitor its performance, including C1 cash cost of copper produced (per lb), C1 cash cost of gold produced (per ounce), AISC of gold produced (per ounce), EBITDA, adjusted EBITDA, adjusted net income attributable to owners of the Company, adjusted net income per share, net (cash) debt, working capital and available liquidity. These performance measures have no standardized meaning prescribed within generally accepted accounting principles under IFRS and, therefore, amounts presented may not be comparable to similar measures presented by other mining companies. These non-IFRS measures are intended to provide supplemental information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

For additional details please refer to the Company’s discussion of non-IFRS and other performance measures in its Management’s Discussion and Analysis for the year ended December 31, 2022 which is available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.

C1 cash cost of copper produced (per lb.)

The following table provides a reconciliation of C1 cash cost of copper produced per pound to cost of production, its most directly comparable IFRS measure.

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C1 cash cost of gold produced and All-in Sustaining Cost of gold produced (per ounce)

The following table provides a reconciliation of C1 cash cost of gold produced per ounce and AISC of gold produced per ounce to cost of production, its most directly comparable IFRS measure.

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Earnings before interest, taxes, depreciation and amortization (EBITDA) and Adjusted EBITDA

The following table provides a reconciliation of EBITDA and Adjusted EBITDA to net income, its most directly comparable IFRS measure.

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Adjusted net income attributable to owners of the Company and Adjusted net income per share attributable to owners of the Company

The following table provides a reconciliation of Adjusted net income attributable to owners of the Company and Adjusted EPS to net income attributable to the owners of the Company, its most directly comparable IFRS measure.

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Net (Cash) Debt

The following table provides a calculation of net (cash) debt based on amounts presented in the Company’s consolidated financial statements as at the periods presented.

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Working capital and Available liquidity

The following table provides a calculation for these based on amounts presented in the Company’s consolidated financial statements as at the periods presented.

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ABOUT ERO COPPER CORP

Ero is a high-margin, high-growth, clean copper producer with operations in Brazil and corporate headquarters in Vancouver, B.C. The Company's primary asset is a 99.6% interest in the Brazilian copper mining company, Mineração Caraíba S.A. ("MCSA"), 100% owner of the Company's Caraíba Operations (formerly known as the MCSA Mining Complex), which are located in the Curaçá Valley, Bahia State, Brazil and include the Pilar and Vermelhos underground mines and the Surubim open pit mine, and the Tucumã Project (formerly known as Boa Esperança), an IOCG-type copper project located in Pará, Brazil. The Company also owns 97.6% of NX Gold S.A. ("NX Gold") which owns the Xavantina Operations (formerly known as the NX Gold Mine), comprised of an operating gold and silver mine located in Mato Grosso, Brazil. Additional information on the Company and its operations, including technical reports on the Caraíba Operations, Xavantina Operations and Tucumã Project, can be found on the Company's website (www.erocopper.com), on SEDAR (www.sedar.com), and on EDGAR (www.sec.gov). The Company’s shares are publicly traded on the Toronto Stock Exchange and the New York Stock Exchange under the symbol “ERO”.

FOR MORE INFORMATION, PLEASE CONTACT

Courtney Lynn, VP, Corporate Development & Investor Relations (604) 335-7504 [email protected]

CAUTION REGARDING FORWARD LOOKING INFORMATION AND STATEMENTS

This press release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation (collectively, “forward-looking statements”). Forward-looking statements include statements that use forward-looking terminology such as “may”, “could”, “would”, “will”, “should”, “intend”, “target”, “plan”, “expect”, “budget”, “estimate”, “forecast”, “schedule”, “anticipate”, “believe”, “continue”, “potential”, “view” or the negative or grammatical variation thereof or other variations thereof or comparable terminology. Forward-looking statements may include, but are not limited to, statements with respect to the Company's expected production, operating costs and capital expenditures at the Caraíba Operations, the Tucumã Project and the Xavantina Operations; the ability of the Company to execute on its growth initiatives according to the timeline and budget currently envisioned; estimated completion dates for certain milestones, including construction of the Tucumã Project, and completion of the projects that comprise the Pilar 3.0 initiative, including the Caraíba mill expansion and construction of the new external shaft to access the Deepening Extension Zone; the ability of the Company to realize benefits associated with Project Honeypot; the ability of the Company to sell future copper concentrate production to its domestic customer; and any other statement that may predict, forecast, indicate or imply future plans, intentions, levels of activity, results, performance or achievements.

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual results, actions, events, conditions, performance or achievements to materially differ from those expressed or implied by the forward-looking statements, including, without limitation, risks discussed in this press release and in the AIF under the heading “Risk Factors”. The risks discussed in this press release and in the AIF are not exhaustive of the factors that may affect any of the Company’s forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results, actions, events, conditions, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that cause results, actions, events, conditions, performance or achievements to differ from those anticipated, estimated or intended.

Forward-looking statements are not a guarantee of future performance. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements involve statements about the future and are inherently uncertain, and the Company’s actual results, achievements or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to herein and in the AIF under the heading “Risk Factors”.

The Company’s forward-looking statements are based on the assumptions, beliefs, expectations and opinions of management on the date the statements are made, many of which may be difficult to predict and beyond the Company’s control. In connection with the forward-looking statements contained in this press release and in the AIF, the Company has made certain assumptions about, among other things: continued effectiveness of the measures taken by the Company to mitigate the possible impact of COVID-19 on its workforce and operations; favourable equity and debt capital markets; the ability to raise any necessary additional capital on reasonable terms to advance the production, development and exploration of the Company’s properties and assets; future prices of copper, gold and other metal prices; the timing and results of exploration and drilling programs; the accuracy of any mineral reserve and mineral resource estimates; the geology of the Caraíba Operations, the Xavantina Operations and the Tucumã Project being as described in the respective technical report for each property; production costs; the accuracy of budgeted exploration, development and construction costs and expenditures; the price of other commodities such as fuel; future currency exchange rates and interest rates; operating conditions being favourable such that the Company is able to operate in a safe, efficient and effective manner; work force continuing to remain healthy in the face of prevailing epidemics, pandemics or other health risks (including COVID-19), political and regulatory stability; the receipt of governmental, regulatory and third party approvals, licenses and permits on favourable terms; obtaining required renewals for existing approvals, licenses and permits on favourable terms; requirements under applicable laws; sustained labour stability; stability in financial and capital goods markets; availability of equipment; positive relations with local groups and the Company’s ability to meet its obligations under its agreements with such groups; and satisfying the terms and conditions of the Company’s current loan arrangements. Although the Company believes that the assumptions inherent in forward-looking statements are reasonable as of the date of this press release, these assumptions are subject to significant business, social, economic, political, regulatory, competitive and other risks and uncertainties, contingencies and other factors that could cause actual actions, events, conditions, results, performance or achievements to be materially different from those projected in the forward-looking statements. The Company cautions that the foregoing list of assumptions is not exhaustive. Other events or circumstances could cause actual results to differ materially from those estimated or projected and expressed in, or implied by, the forward-looking statements contained in this press release. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or results or otherwise, except as and to the extent required by applicable securities laws.

CAUTIONARY NOTES REGARDING MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES

Unless otherwise indicated, all reserve and resource estimates included in this press release and the documents incorporated by reference herein have been prepared in accordance with 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”) — CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the “CIM Standards”). NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian standards, including NI 43-101, differ significantly from the requirements of the United States Securities and Exchange Commission (the “SEC”), and reserve and resource information included herein may not be comparable to similar information disclosed by U.S. companies. In particular, and without limiting the generality of the foregoing, this press release and the documents incorporated by reference herein use the terms “measured resources,” “indicated resources” and “inferred resources” as defined in accordance with NI 43-101 and the CIM Standards.

Further to recent amendments, mineral property disclosure requirements in the United States (the “U.S. Rules”) are governed by subpart 1300 of Regulation S-K of the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) which differ from the CIM Standards. As a foreign private issuer that is eligible to file reports with the SEC pursuant to the multi-jurisdictional disclosure system (the “MJDS”), Ero is not required to provide disclosure on its mineral properties under the U.S. Rules and will continue to provide disclosure under NI 43-101 and the CIM Standards. If Ero ceases to be a foreign private issuer or loses its eligibility to file its annual report on Form 40-F pursuant to the MJDS, then Ero will be subject to the U.S. Rules, which differ from the requirements of NI 43-101 and the CIM Standards.

Pursuant to the new U.S. Rules, the SEC recognizes estimates of “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources.” In addition, the definitions of “proven mineral reserves” and “probable mineral reserves” under the U.S. Rules are now “substantially similar” to the corresponding standards under NI 43-101. Mineralization described using these terms has a greater amount of uncertainty as to its existence and feasibility than mineralization that has been characterized as reserves. Accordingly, U.S. investors are cautioned not to assume that any measured mineral resources, indicated mineral resources, or inferred mineral resources that Ero reports are or will be economically or legally mineable. Further, “inferred mineral resources” have a greater amount of uncertainty as to their existence and as to whether they can be mined legally or economically. Under Canadian securities laws, estimates of “inferred mineral resources” may not form the basis of feasibility or pre-feasibility studies, except in rare cases. While the above terms under the U.S. Rules are “substantially similar” to the standards under NI 43-101 and CIM Standards, there are differences in the definitions under the U.S. Rules and CIM Standards. Accordingly, there is no assurance any mineral reserves or mineral resources that Ero may report as “proven mineral reserves”, “probable mineral reserves”, “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources” under NI 43-101 would be the same had Ero prepared the reserve or resource estimates under the standards adopted under the U.S. Rules.

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ATLANTA – Maintaining reliability across the bulk power system is not an isolated endeavor — it is a complex, multi-pronged effort that is supported by numerous components, programs, initiatives and organizations across North America. Facility ratings play a significant role in the reliable planning and operation of the bulk power system and therefore demand effective management to reduce associated risks and impacts.

The impacts of incorrect facility ratings can range from operating with limited information to uncontrolled widespread service outages and fires. Facility ratings and system limitations also play a key role in modeling the grid as future bulk power system projects are contemplated to manage load growth and mitigate system constraints. To ensure a reliable and secure grid, it is of utmost importance that registered entities have strong and sustainable facility ratings programs.

To support our stakeholders, the ERO Enterprise actively engaged in mitigating activities associated with facility ratings and identified four common themes that pose challenges to the sustainability of accurate facility ratings:

  • Lack of awareness
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  • Inadequate change management
  • Inconsistent development and application of facility ratings methodologies

​​The ERO Enterprise Themes and Best Practices for Sustaining Accurate Facility Ratings report is intended to aid stakeholders in strengthening the accuracy and sustainability of their facility ratings programs, resulting in the lessening of facility ratings challenges and ensuring a more reliable and secure bulk power system. The best practices in this report are not directives to industry to undertake any actions. Rather, they are best practices for mitigating risks in the area of facility ratings and for addressing the themes identified in this report.

Full Announcement​ |  ERO Enterprise Themes and Best Practices for Sustaining Accurate Facility Ratings

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FACT SHEET: DHS Moves to Improve Supply Chain Resilience and Cybersecurity Within Our Maritime Critical Infrastructure

Today, the Department of Homeland Security (DHS) and the Biden-Harris Administration are taking new actions to protect American maritime critical infrastructure, bolster port cybersecurity, and improve supply chain resilience.  

As a maritime nation, America’s prosperity remains inextricably linked to the integrated and extensive network of ports, terminals, vessels, waterways, and land-side connections constituting the U.S. Marine Transportation System (MTS). This extensive system supports $5.4 trillion worth of economic activity each year and contributes to the employment of more than 31 million Americans.  

DHS has a strong and demonstrated track record in securing and safeguarding the maritime transportation system. Through existing security and safety regulations, DHS and its partners have forged a robust public-private partnership through contingency planning, exercises, grant funding, and response and recovery efforts. These relationships are all the more important as the industry and the country faces evolving cyber and technology challenges. 

We have a national imperative to protect this critical infrastructure in a complex threat environment. MTS operators increasingly rely on an ecosystem of automated and cyber-dependent systems to enable critical operating functions, including ship navigation, engineering, safety and security monitoring. These systems have revolutionized the maritime shipping industry by centralizing operational control and improving efficiency. However, they also introduce vulnerabilities that, if exploited, could have significant cascading impacts to the MTS, the economy, and the American people.     

Executive Order on Amending Regulations relating to the Safeguarding of Vessels, Harbors, Ports and Waterfront Facilities of the United States  

On February 21, 2024, President Biden signed an Executive Order that will expand authorities for the United States Coast Guard (USCG) to ensure the Nation’s MTS is protected against malicious cyber activity. The Executive Order bolsters the USCG’s already robust authorities to protect the MTS from acts of terrorism and other conventional threats by explicitly addressing cyber threats.   

Pursuant to the Executive Order, the USCG now has express authority to respond to malicious cyber activity, including by: 

Requiring vessels and facilities to mitigate unsatisfactory cyber conditions that may endanger the safety of a vessel, facility, or harbor;  

Requiring the reporting of any actual or threatened cyber incidents involving or endangering any vessel, harbor, port, or waterfront facility to the USCG and Federal Bureau of Investigation; and  

Taking control of vessels that present a known or suspected cyber threat to U.S. maritime infrastructure. 

U.S. Maritime Security Directive for People’s Republic of China-Manufactured Ship-to-Shore Cranes  

The Department remains focused on combatting cybersecurity threats to our critical infrastructure emanating from the People’s Republic of China (PRC). Our efforts include working with the private sector, issuing alerts and warnings, and conducting threat hunting operations to find and mitigate malicious cyber activity domestically. As an example, DHS’s Cybersecurity and Infrastructure Security Agency (CISA) recently issued a cybersecurity advisory on the PRC-state-sponsored cyber actor known as VOLT TYPHOON, which has been identified by private sector partners as affecting networks across critical infrastructure sectors. Operational Technology (OT) systems are often built without security in mind and thus even more vulnerable to threats. The threat posed to our homeland security by PRC-directed activities, and their potential to disrupt critical infrastructure in times of conflict, necessitates government intervention.   

Cybersecurity threats also arise from the reliance on untrusted vendors in critical infrastructure environments. PRC-manufactured ship-to-shore (STS) cranes make up the largest share of the global STS crane market and account for nearly 80% of the STS cranes at U.S. ports. By design, these cranes may be controlled, serviced, and programmed from remote locations, and those features potentially leave PRC-manufactured STS cranes vulnerable to exploitation, threatening the maritime elements of the national transportation system.   

The USCG, leveraging its express authority to respond to malicious cyber activity, has issued a Maritime Security Directive to owners and operators of certain critical port infrastructure to take immediate steps to close vulnerabilities and mitigate unsatisfactory cyber conditions posed by the prevalence of PRC-manufactured STS cranes in the U.S. and the threat of disruption to U.S. critical infrastructure.   

U.S. Coast Guard Notice of Proposed Rulemaking on Cybersecurity in the Marine Transportation System  

Additionally, the USCG has just released a Notice of Proposed Rulemaking (NPRM) that will provide baseline cybersecurity requirements to protect the MTS from cyber threats. Based on CISA’s Cross-Sector Cybersecurity Performance Goals, these newly proposed regulations would require a number of cybersecurity measures including account security, device security, network segmentation, data security, training, incident response planning, and drills and exercises. Regulated entities would also be required to identify a Cybersecurity Officer responsible for overseeing implementation of the new requirements.   

The NPRM that the USCG is publishing today is another critical step for the Department building on prior efforts in the transportation sector. Across the sector, the USCG and the Transportation Security Administration (TSA) utilize regulatory and voluntary approaches, such as stakeholder participation in advisory committees and adopting U.S. government best practices, to work with stakeholders to strengthen their cybersecurity posture. Following extensive collaboration with aviation partners, rapport-building with industry, and feedback from stakeholders over the past two years, the TSA has issued cybersecurity requirements for airport and aircraft operators, pipeline operators, and passenger and freight railroad carriers, as part of our Department’s efforts to increase the cybersecurity resilience of U.S. critical infrastructure. 

Like those issued by the TSA, the requirements being proposed by the USCG are performance based and variable according to the risk profile and capability of the entity. The USCG NPRM proposes regulations specifically focused on establishing minimum cybersecurity requirements for U.S.-flagged vessels, Outer Continental Shelf facilities, and U.S. facilities subject to the Maritime Transportation Security Act of 2002 regulations. Consistent with the Administration’s goal of regulatory harmonization, DHS has leveraged common frameworks from the National Institute of Standards and Technology (NIST) and CISA to inform both voluntary cybersecurity practices and relevant regulatory requirements. Key USCG and TSA baseline cybersecurity elements are aligned to the NIST Cybersecurity Framework and CISA’s Cross-Sector Cybersecurity Performance Goals.  

DHS Supply Chain Resilience Center   

Today’s announcements to increase the cybersecurity and resilience of the maritime sector complement ongoing DHS efforts to increase the resilience of U.S. supply chains for critical infrastructure. Announced earlier this year, the DHS Supply Chain Resilience Center (SCRC) is focused on near-term priorities to address supply chain risks resulting from threats and vulnerabilities inside U.S. ports. The SCRC recently convened key DHS decision-makers and stakeholders for a robust tabletop exercise designed to test the resilience of critical supply chains that connect through our domestic ports. The exercise reviewed how DHS would respond to a cyber-attack impacting ship-to-shore crane operability and how DHS would coordinate within the Department and the interagency. In the future, the SCRC intends to partner with the Department of Commerce to strengthen the semiconductor supply chain and further the implementation of the CHIPS and Science Act and develop supply chain early warning systems with the interagency and key allies. 

In today’s rapidly changing world, it is imperative that we evolve to meet the threats and challenges of tomorrow. The Executive Order and the Department’s efforts furthers the Biden-Harris Administration’s goal of securing our digital ecosystem and defending our Nation’s critical infrastructure.   

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Odysseus lunar lander

Odysseus becomes first US spacecraft to land on moon in over 50 years

By Elise Hammond and Jackie Wattles , CNN

This is the NASA instrument that saved Odysseus' mission

From CNN's Jackie Wattles

NASA's Navigation Doppler Lidar.

Odysseus has now officially made history with its successful lunar touchdown — and none of it could have happened without some fast work from engineers on the ground and a breath-catching save from a NASA payload.

Before descent, Intuitive Machines, which developed the Odysseus lunar lander, revealed crucial pieces of the vehicle's navigation equipment were not working.

Fortunately, NASA — which considers itself one of many customers on this mission — had an experimental instrument already on board Odysseus that could be swapped in to make up for the malfunctioning equipment.

Engineers were able to bypass Odysseus' broken pieces and land using two lasers that are part of NASA's Navigation Doppler Lidar, or NDL, payload.

Here's how the NDL is described in IM-1's press kit:

The NDL is a LIDAR-based (Light Detection and Ranging) sensor composed of an optical head with three small telescopes and a box with electronics and photonics. NDL uses lasers to provide extremely precise velocity and range (distance to the ground) sensing during the descent and landing of the lander. This instrument operates on the same principles of radar, similar to a police radar detector, but uses pulses of light from a laser instead of radio waves and with very high accuracy. This will enhance the capabilities of space vehicles to execute precision navigation and controlled soft landings.

Odysseus is "upright and starting to send data"

After some intense waiting, Intuitive Machines, the company behind the Odysseus lunar landing mission, has confirmed the spacecraft is "upright and starting to send data."

That's a major milestone.

An upright landing potentially puts Odysseus in a better position than even Japan's SLIM "Moon Sniper" mission. SLIM was deemed a success as it made a soft touchdown , but later was revealed to have landed in a position that left its solar panels pointed in the wrong direction, causing that spacecraft to quickly lose power.

"Right now, we are working to downlink the first images from the lunar surface," Intuitive Machines said in a post on social media platform X.

Art in space: Sculpture hitches a ride to the moon on Odysseus lunar lander

From CNN's Jacqui Palumbo

Jeff Koons' "Moon Phases" is seen on the Odysseus lunar lander as it flies over the near side of the moon on Wednesday.

Exchanging the gallery space for a transparent box in  space, the American artist Jeff Koons now has one of his works of art on the moon .

On Thursday, a sculpture called “Moon Phases" hitched a ride on the Odysseus lunar lander as it touched down on the moon. It marked the United States' first landing on the lunar surface in more than 50 years.

The artwork depicts 125 mini-sculptures of the moon contained in a box, measuring about one inch in diameter. “Moon Phases" shows 62 phases of the moon as seen from Earth, 62 phases visible from other viewpoints in space, and one lunar eclipse.

Jeff Koons holds "Moon Phases" before it was attached to the lunar lander.

Each sculpture is inscribed with the name of a groundbreaking figure in human history, including Aristotle, David Bowie, Leonardo da Vinci, Gandhi, Billie Holiday, Gabriel García Márquez, Andy Warhol and Virginia Woolf. Koons “has drawn inspiration from the Moon as a symbol of curiosity and determination,” according to a statement from his gallery, Pace.

But the art market wouldn’t be able to do much with far-flung sculptures "exhibited" in outer space, so there’s a commercial component to Koons’ project as well. Pace Verso, the NFT wing of Pace, is also offering NFTs of each sculpture, while Koons has produced larger, coinciding physical sculptures of his “Moon Phases” to remain on Earth.

NASA reacts to lunar landing: "Great and daring quest"

NASA posted a reaction to the moon mission on social media, saying "Your order was delivered… to the Moon!"

"(Intutive Machines') uncrewed lunar lander landed at 6:23pm ET (2323 UTC), bringing NASA science to the Moon's surface. These instruments will prepare us for future human exploration of the Moon under #Artemis ," the space agency posted on X, the website formerly known as Twitter.

NASA Administrator Bill Nelson added during the webcast: "Today for the first time in more than a half-century, the US has returned to the moon." "Today is a day that shows the power and promise of NASA's commercial partnerships," he added. "Congratulations to everyone involved in this great and daring quest."

Applause and celebrations could be heard on the Intuitive Machines webcast of the event before the live coverage concluded.

CNN is standing by for additional updates on the spacecraft's status.

Odysseus becomes first US lander to touch down on the moon in over 50 years

Intuitive Machines mechanics, friends and family cheer after confirmation the lunar lander made a touchdown on the moon, in this still from the webcast.

The US-made  Odysseus lunar lander  has made a touchdown on the moon, surpassing its final key milestones — and the odds — to become the first commercial spacecraft to accomplish such a feat, but the condition of the lander remains in question.

Intuitive Machines, however, says the mission has been successful.

"I know this was a nail-biter, but we are on the surface, and we are transmitting," Intuitive Machines CEO Steve Altemus just announced on the webcast. "Welcome to the moon."

Odysseus is the first vehicle launched from the United States to land on the moon’s surface since the  Apollo 17 mission  in 1972.

Mission controllers from Intuitive Machines, the Houston-based company that developed the robotic explorer, confirmed the lander reached the lunar surface Thursday evening.

The uncrewed spacecraft traveled hundreds of thousands of miles from its Florida launch site at NASA’s Kennedy Space Center to the moon before making its final, perilous swoop to the lunar surface.

Odysseus: "Welcome to the moon"

The Odysseus lunar lander, nicknamed  “Odie” or IM-1 , is on the moon's surface and transmitting, Intuitive Machines CEO Steve Altemus just announced on the webcast.

"I know this was a nail-biter, but we are on the surface, and we are transmitting," Altemus said. "Welcome to the moon."

The exact state of the lander is not yet clear. But the company has confirmed it has made contact.

The Odysseus lander is "not dead yet"

Mission control is seen in this still from the livestreamed webcast.

Lunar landing missions typically offer moments of uncertainty. And though we're waiting for confirmation of communications, there have been some promising updates:

"We have an onboard fault detection system for our communications that after 15 minutes with lack of communication will power cycle the radios and then after that for another 15 minutes it will then switch antenna pairs, so we have some time here to evaluate," an Intuitive Machines flight controller said on the stream.

"We're not dead yet," they emphasized.

The company has also confirmed a "faint signal" — potentially representing signs of life from the spacecraft.

Intuitive Machines is troubleshooting communications after the expected landing time passes

The 6:24 p.m. ET landing time has come and gone.

Intuitive Machines knew it couldn't make contact with the lander right at the moment of touchdown, but expected to potentially have an answer shortly after.

It's now a waiting game to see whether Intuitive Machines can establish communications.

A good performance from Odysseus' engine

The webcast just announced that the engine is "nominal" — aerospace parlance for working as expected.

The spacecraft is functioning all on its own.

The expected landing time is 6:24 p.m. ET, though there could be wiggle room.

We could learn right at that time if Odysseus made a safe touchdown, or it could take a few minutes, according to the webcast.

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Fact-Checking Biden’s Recent Economic Talking Points

President Biden has made some misleading statements during campaign and public events in recent weeks as he discussed taxes, industry, jobs and more.

President Biden gesturing at a lectern. Cameras and people are in the foreground.

By Angelo Fichera

As he seeks re-election, President Biden has been trying to sell voters on his approach to the economy and draw a contrast with his likely 2024 opponent, former President Donald J. Trump.

During Mr. Biden’s administration, the economy has grown 3.1 percent from the end of 2022 to the end of 2023. The rate of inflation has dropped considerably since its summer 2022 peak (although it dipped less than economists had expected in January). And job gains continue.

At recent public and campaign events, though, Mr. Biden has made some misleading statements about the economy, jobs and taxes.

Here’s a fact check.

WHAT WAS SAID

“We now have a thousand billionaires in America. You know what their average tax rate is — federal tax? 8.2 percent.” — during a campaign event in late January

This is misleading. Mr. Biden was referring to a White House study that sought to use a “more comprehensive measure of income” than the way income is currently assessed. In other words, it offered a hypothetical on what the rate would be if the law was different.

More specifically, the study, released in 2021 , included gains made in unsold stocks. Under the law, those gains are not taxed until the asset is sold. The report estimated the average federal income tax rate paid by the 400 wealthiest families in the United States to be 8.2 percent.

While there is debate about whether the law should factor in that type of income, presenting that 8.2 figure with no explanation leaves room for mistaken impressions, said Garrett Watson, a senior policy analyst at the right-leaning Tax Foundation.

For example, the public may then wrongly compare that 8.2 percent to other average federal income tax rates. To draw a more accurate comparison with, say, the tax rate of someone with a middle income, the same exercise would need to be done to also incorporate their unrealized gains, such as from increased value in investment accounts or homes, Mr. Watson said.

(The Tax Foundation has also argued that the White House analysis should also account for corporate income taxes, since many business founders may hold onto stock in their companies but the companies are taxed on their profits every year.)

Under the law, the top 1 percent of earners in the United States are currently estimated to pay an average federal income tax rate of more than 20 percent, according to an analysis by the Treasury Department in November. An I.R.S. report that specifically looked at the top 400 individual income tax returns found that those taxpayers paid an average income tax rate of about 23 percent in 2014.

The White House defended Mr. Biden’s use of the 8.2 percent figure.

“Most Americans agree that when a billionaire’s wealth increases by millions of dollars in a year, that is income,” Michael Kikukawa, a White House spokesman, said in a statement. “And economists across the political spectrum, including the American Enterprise Institute and the nonpartisan congressional Joint Committee on Taxation , agree that a person’s income is equal to the change in their net worth. By quantifying the income the wealthiest Americans receive from unrealized capital gains, the C.E.A.-O.M.B. analysis applies this standard definition of effective tax rates, adding to our understanding of just how low billionaires’ tax rates are.”

“I signed the CHIPS and Science Act, which attracted $640 billion in private companies’ investments that are building factories, creating jobs in America again.” — during an event this month

False. Estimates of private investments spurred by the CHIPS and Science Act, which gave billions to the chip industry, do not come in at $640 billion. By some measures, it is a fraction of that: One estimate by the Semiconductor Industry Association puts the figure at about $220 billion.

Mr. Biden signed the legislation in August 2022 , which included some $52 billion in subsidies and tax credits for manufacturers of semiconductors — chips used in electronics — to open or expand in the United States. It also heavily invested in research into artificial intelligence, quantum computing and other technologies.

Mr. Biden was referring to a White House estimate of private investments made in various industries over the course of his presidency, not only in response to the CHIPS legislation but also as a result of the Inflation Reduction Act and the $1 trillion bipartisan infrastructure law .

That estimate tabulated that there had been $649 billion worth of private investments in multiple 21st-century industries, including clean energy and electric vehicles. The White House says it arrived at the figure by calculating projects announced in public sources.

“And let’s get something straight. Trump talks about putting checks in pockets. But in 2021, as soon as I came to office, I was the guy who sent every one of you those $1,400 checks.” — during a campaign event in late January

This needs context. Both Mr. Biden and Mr. Trump signed legislation providing stimulus payments to Americans as the United States grappled with the coronavirus.

In March 2020, Mr. Trump signed a $2 trillion measure known as the CARES Act, which provided payments of $1,200 per person and an additional $500 per child. Months later, in December 2020, Mr. Trump signed a stimulus package that included $600 checks and an additional $600 per child. (He had pushed for the second round of payments to be increased to $2,000.)

Two months after assuming office, in March 2021, Mr. Biden signed a $1.9 trillion economic relief package , called the American Rescue Plan Act, which provided payments of $1,400 per person and another $1,400 per child.

“The only president other than Donald Trump that lost jobs during an administration was Herbert Hoover.” — during a campaign event in late January

This needs context. Mr. Biden is correct that Mr. Trump ended his term with a negative jobs record — the only president to do so after World War II — but omits that this occurred because of the coronavirus pandemic.

Using January 2017 as a base line, when Mr. Trump was inaugurated, there were 145.6 million jobs, according to Bureau of Labor Statistics data . When he left in January 2021, there were 142.9 million jobs. That is a decline of 2.7 million jobs, or 1.9 percent.

But before the pandemic took hold, Mr. Trump had a positive jobs record. Jobs had increased from 145.6 million jobs in January 2017 to 152 million jobs in January 2020 — a rise of 6.4 million jobs, or 4.4 percent.

About half of the nearly 22 million jobs lost in early 2020 were recovered before Mr. Trump left office.

The same data from the Bureau of Labor Statistics only goes back to 1939, several years after Mr. Hoover departed the White House in 1933. But Mr. Hoover was president at the start of the Great Depression and when he left office, nearly a quarter of the labor force was unemployed.

Curious about the accuracy of a claim? Email [email protected].

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Nanaksar Education Phulwari

106A Great South Road, Manurewa, Auckland

1 ERO’s Judgements

Akarangi | Quality Evaluation evaluates the extent to which this early childhood service has the learning and organisational conditions to support equitable and excellent outcomes for all learners. Te Ara Poutama - indicators of quality for early childhood education: what matters most (PDF 3.01MB) are the basis for making judgements about the effectiveness of the service in achieving equity and excellence for all learners. The Akarangi Quality Evaluation Judgement Rubric (PDF 91.30KB) derived from the indicators, is used to inform the ERO’s judgements about this service’s performance in promoting equity and excellence.

ERO’s judgements for Nanaskar Education Phulwari are as follows:

2 Context of the Service

Nanaskar Education Phulwari is one of two services that operates under AIEC Trust. Located in the grounds of the Sikh temple in Manurewa , the centre provides education and care for up to 38 children from two to five years of age. The team leader is supported by three qualified teachers and one unqualified teacher. Staff reflect the cultures of families and children attending the service.

3 Summary of findings

Children are well nurtured by teachers. Their emotional and physical wellbeing are of prime importance to leaders and teachers. They encourage children to make choices about their play and implement consistent daily routines. Children have a strong sense of belonging in this service.

Teachers welcome all children, their parents and wh ā nau. Leaders and teachers establish and maintain responsive and respectful relationships. Teachers include te ao M ā ori and use te reo Māori phrases in their daily practices. They use songs and simple phrases in home languages to strengthen the identities of Pacific children.

Children participate in cultural celebrations at the temple as an extension of their learning. They start and end each day with prayers in this environment. Parents appreciate how teachers live their culture and language in the daily programme. There are strong connections between the service and the home contexts of children and their families.

Teachers have established shared understandings of learning dispositions and use their knowledge to support each child’s ongoing learning. They provide good opportunities for children to learn about the local and wider community through inviting visitors in and through trips out of the service.

Leaders empower teachers to take responsibility for their own professional development. They share new learning and professional knowledge in collaborative ways. Teachers also take responsibility for internal evaluation. They include parent feedback and value what they learn from this process. Parent aspirations for their children’s learning influence the service’s decision making.

There have been changes in the structure of governance and management since the last ERO review. Service leaders and managers have addressed areas of improvement identified in the 2016 report. Managers show a commitment to providing opportunities for ongoing professional learning that focuses on high quality teaching and learning.

4 Improvement actions

Nanaskar Education Phulwari will include the following actions in its Quality Improvement Planning:

5 Management Assurance on Legal Requirements

Before the review, the staff and management of Nanaskar Education Phulwari completed an ERO Centre Assurance Statement and Self-Audit Checklist . In these documents they attested that they have taken all reasonable steps to meet their legal obligations related to:

During the review, ERO looked at the service’s systems for managing the following areas that have a potentially high impact on children's wellbeing:

emotional safety (including positive guidance and child protection)

physical safety (including supervision; sleep procedures; accidents; medication; hygiene; excursion policies and procedures)

suitable staffing (including qualification levels; police vetting; teacher registration; ratios)

evacuation procedures and practices for fire and earthquake.

All early childhood services are required to promote children's health and safety and to regularly review their compliance with legal requirements.

Phil Cowie Acting Director Review and Improvement Services (Northern) Northern Region | Te Tai Raki

15 July 2021 

6 About the Early Childhood Service

Nanaksar education phulwari - 19/09/2016, 1 evaluation of nanaksar education phulwari, how well placed is nanaksar education phulwari to promote positive learning outcomes for children.

ERO's findings that support this overall judgement are summarised below.

Nanaksar Education Phulwari operates under the AIEC Trust, the education wing of the Nanaksar Temple Trust in Manurewa. This trust is an Indian charitable organisation that operates in the Sikh Temple complex. The service provides full day education and care for up to 38 children from two to five years of age. The majority of children are of Indian heritage.

Children are grouped according to their age and stage of development but are also encouraged to move between rooms to learn alongside their peers and siblings. The centre philosophy aims to provide "an environment that is spiritually blissful and allows for the holistic development of each child". The centre's philosophy also makes a commitment to Te Tiriti o Waitangi and bicultural education.

The centre is managed and governed by members of the AIEC Trust, volunteers from the Sikh community and the owners of privately owned centres. Management believes that through work they have undertaken with families in the community there has been a positive shift towards valuing early childhood education.

ERO's 2013 review of the centre identified good practices and recommended improvements including building emergent leadership, improving appraisal processes, embedding self-review and strengthening the curriculum. The board has employed a centre manager who is supporting improvement in all of these areas.

The Review Findings

Children are settled, and engaged in the programme. The respectful and nurturing care that they receive from teachers encourages their sense of wellbeing and belonging. They are supported to manage their relationships with others and in self-help skills and independence. While the centre does not follow religious beliefs, there is a sense of well-defined values and spirituality. The centre philosophy is clearly evident in the programme.

Connections with children's families and the community are a strength of the centre. Management and teachers support families well. The centre is warm and welcoming and provides carefully presented parenting education. The centre's strong links with support agencies help ensure positive learning outcomes for children and families.

Assessment, planning and evaluation practices are well established. Under the guidance of the new manager, teachers are writing meaningful learning stories that are linked to the goals and strands of Te Whāriki, the early childhood curriculum. Planning for the programme is shared with staff and parents and recorded. Teachers could consider how to extend individual children's ideas as well as providing for group interests when planning to support children's learning.

Learning te reo and tikanga Māori is part of everyday practice in the centre. Teachers use te reo Māori in their conversations with children, and children sometimes incorporate Māori words spontaneously when talking with their peers. They sing waiata with enthusiasm and understand tikanga in the context of centre routines. There are no Māori children attending the centre at present.

Oral language is a strength in the centre. Children confidently use a number of languages during play. They talk with their friends and with teachers in English as well as their home languages. Levels of conversation are high. Children are supported by teachers to feel confident in their own culture and identity. The print-rich environment includes a number of languages recorded in different scripts.

Transitions into, through and out of the centre to school are well managed for children and families. Self review is regular, focused on the programme and is becoming more refined.

Strategic and annual planning processes are established. Plans are regularly updated to indicate progress in meeting goals for continuous improvement. Strategic appointments have strengthened the capability and sustainability of the service. There is a focus on continual learning for adults, team building together with mentoring and modelling of good practice. Appraisal processes are now more robust and teachers are encouraged to select professional development to strengthen their practice.

Management and governance of the centre is sound. A framework of policies and procedures guide operations. Effective systems are in place for regular review leading to sustainability of practice. The majority of the teachers are qualified and staffing is stable.

Key Next Steps

ERO discussed and management agreed that key next steps for the centre are to:

increase child voice in portfolios, and more clearly record links between learning stories to show children's progress over time

support teachers to encourage children's thinking through questioning in open-ended ways

  • further develop self review as a way of consistently improving teaching practice
  • continue to refine staff appraisal processes.

Management Assurance on Legal Requirements

Before the review, the staff and management of Nanaksar Education Phulwari completed an ERO Centre Assurance Statement and Self-Audit Checklist . In these documents they attested that they have taken all reasonable steps to meet their legal obligations related to:

Next ERO Review

When is ero likely to review the service again.

The next ERO review of Nanaksar Education Phulwari will be in three years.

Graham Randell

Deputy Chief Review Officer Northern

19 September 2016

The Purpose of ERO Reports

The Education Review Office (ERO) is the government department that, as part of its work, reviews early childhood services throughout Aotearoa New Zealand. ERO’s reports provide information for parents and communities about each service’s strengths and next steps for development. ERO’s bicultural evaluation framework Ngā Pou Here is described in SECTION 3 of this report. Early childhood services are partners in the review process and are expected to make use of the review findings to enhance children's wellbeing and learning.

2 Information about the Early Childhood Service

3 general information about early childhood reviews, ero’s evaluation framework.

ERO’s overarching question for an early childhood education review is ‘How well placed is this service to promote positive learning outcomes for children?’ ERO focuses on the following factors as described in the bicultural framework Ngā Pou Here:

Pou Whakahaere – how the service determines its vision, philosophy and direction to ensure positive outcomes for children

Pou Ārahi – how leadership is enacted to enhance positive outcomes for children

Mātauranga – whose knowledge is valued and how the curriculum is designed to achieve positive outcomes for children

Tikanga whakaako – how approaches to teaching and learning respond to diversity and support positive outcomes for children.

Within these areas ERO considers the effectiveness of arotake – self review and of whanaungatanga – partnerships with parents and whānau.

ERO evaluates how well placed a service is to sustain good practice and make ongoing improvements for the benefit of all children at the service.

A focus for the government is that all children, especially priority learners, have an opportunity to benefit from quality early childhood education. ERO will report on how well each service promotes positive outcomes for all children, with a focus on children who are Māori, Pacific, have diverse needs, and are up to the age of two.

For more information about the framework and Ngā Pou Here refer to ERO’s Approach to Review in Early Childhood Services .

ERO’s Overall Judgement and Next Review

The overall judgement that ERO makes and the timing of the next review will depend on how well placed a service is to promote positive learning outcomes for children. The categories are:

  • Very well placed – The next ERO review in four years
  • Well placed – The next ERO review in three years
  • Requires further development – The next ERO review within two years
  • Not well placed - The next ERO review in consultation with the Ministry of Education

ERO has developed criteria for each category. These are available on ERO’s website.

Review Coverage

ERO reviews are tailored to each service’s context and performance, within the overarching review framework. The aim is to provide information on aspects that are central to positive outcomes for children and useful to the service.

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Pharmacies nationwide face delays as health-care tech company reports cyberattack

Change healthcare said it became aware of the "outside threat" on wednesday morning, disconnecting their systems for security purposes.

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FOX Business Flash top headlines for February 22

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Pharmacies across the country are reporting delays to prescription orders due to a cyberattack against one of the nation's largest health-care technology companies.

Change Healthcare , a company handling orders and patient payments throughout the U.S., first noticed the "cyber security issue" affecting its networks Wednesday morning on the East Coast. 

"Change Healthcare is experiencing a network interruption related to a cyber security issue and our experts are working to address the matter. Once we became aware of the outside threat, in the interest of protecting our partners and patients, we took immediate action to disconnect our systems to prevent further impact," Change Healthcare said in a statement. 

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A prescription pick-up and drop-off area at a pharmacy in Queens, New York. (Lindsey Nicholson/UCG/Universal Images Group via Getty Images / Getty Images)

Pharmacies across the country have put out notices that the attack on Change Healthcare is disrupting their ability to process patients' orders.

"We are experiencing a temporary pharmacy outage at the 22nd Medical Group. We understand the inconvenience this may cause and appreciate your patience as we work diligently to resolve the issue. Our team is working to restore complete pharmacy services as soon as possible," reads a post from 22nd Medical Group, a medical center based around McConnell Air Force Base in Kansas.

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Doctor prescription medication medicine patient

A doctor writes a prescription for a patient. (iStock / iStock)

"The estimated date for resolving this issue will be tomorrow or later. We will continue to monitor the situation and provide updates on our progress."

There is currently no publicly available report on the nature nor origin of the cyber security issue plaguing Change Healthcare.

"There is a nationwide outage from some of the largest prescription processors in North America," Michigan-based Canadian Lakes Pharmacy wrote Wednesday on social media.

Pharmacist customer medication drugstore

A pharmacist assists a customer with prescription medication at a drugstore counter. (iStock / iStock)

The announcement continued, "We CAN receive your RX but MOST insurance plans we cannot bill to your insurance company. If you can wait a day or so to pick up your RX that would be great. If you need it today we can do our best to accommodate individual needs."

Knight’s Pharmacy in Berea, Kentucky , wrote, "As of this morning, we are still unable to process prescriptions to insurance due to the cyberattack on Change Healthcare."

"Unfortunately this is a national outage and beyond our control.  We hope that the situation will be resolved soon," Knight's Pharmacy said. "We will be working to fill our backlog of prescriptions as quickly as possible as soon as the system is available.  We have not been given an estimated timeframe for restoration of service. Thank you for your patience."

A spokesperson for Walgreens said its pharmacy operations, and the "vast majority" of its prescriptions were not impacted. 

"For the small percentage that may be affected, we have procedures in place so that we can continue to process and fill these prescriptions with minimal delay or interruption," the statement said. 

A spokesperson for pharmacy chain CVS told Fox Business that the company is aware of the outages but that there is "no indication that CVS Health's systems have been compromised." 

"We are aware that Change Healthcare is experiencing a network interruption that is impacting certain business operations, as well as the operations of other companies nationally," the spokesperson said. "There is no indication that CVS Health’s systems have been compromised."

The statement continued, "We’re committed to ensuring access to care as we navigate through this interruption. We have business continuity plans in place to minimize disruption of service and apologize for any inconvenience our customers and members may experience. We’re continuing to fill prescriptions but in certain cases , we are not able to process insurance claims, which our business continuity plan is addressing to ensure patients continue to have access to their medications.

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The service outage is expected to last until Friday, but Change Healthcare has not given a definitive timeline for a return to service.

FOX Business' contributed to this report. 

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