Contact

Blog + News

Comments on BC tailings dams risk reduction audit

26-05-2016

These comments on BC tailings dams risk reduction audit are based on the recently published AUDIT OF COMPLIANCE AND ENFORCEMENT OF THE MINING SECTOR. We were delighted to read in the audit: “1.10 Risk-based approach We recommend that government develop a risk-based approach to compliance verification activities, where frequency of inspections are based on risks, such as industry’s non-compliance record, industry’s financial state, and industry’s activities (e.g., expansion), as well as risks related to seasonal variations.” We couldn’t agree more.…

Read More

Fund allocation from money lender

19-05-2016

Fund allocation from money lender The idea is not to perform a full risk assessment or due diligence study, but to deliver an ORE based simplified functional a priori analysis for each company which allows comparisons, bench-marking for Fund allocation from money lender. The ORE based simplified functional analysis is scalable, allowing a company to opt to get deeper in their risks analysis to further enhance their chances of success. The analyses can be used by the individual company or…

Read More

Comparing water treatment processes lifetime risks using ORE

10-05-2016

Comparing water treatment processes lifetime risks using ORE Comparing water treatment processes lifetime risks using ORE (© Riskope) offers unique advantages to owners, regulators and the public. ORE is a convergent quantitative risk assessment methodology. Convergent means that ORE looks simultaneously at all hazard sources, avoiding the pitfalls common in “silo-ed” approaches and covers a wide spectrum of hard and soft consequences (direct, indirect). ORE is scalable, meaning that it can follow a project from pre-feasibility to grave without any loss…

Read More

Major Mining Corporation Hacked

4-05-2016

Major mining corporation hacked and their confidential information made public The Major Mining Corporation Hacked scenario we had predicted and explained has occurred. Indeed last week Goldcorp’s (TSX:G) payroll, trade secrets, and other intimate information were leaked on a torrent free for anyone to download. Last year a German steel mill was significantly damaged by a cyber attack. Especially with the advent of IoT (Internet of Things) cyber attacks have the ability to generate multi-faceted consequences on interdependent systems. These…

Read More

Predict business startups success example How to do it

27-04-2016

Predict business startups success example How to do it ORE applied to Startups development was triggered when reading examples of “archival analyses” (performed through data mining) showing that board “age”, “gender”, “capital”, “IP” and “race” have insignificant effects (after 5 years) on either merger/acquisition rate OR survival of operations of startups. Those results left the authors of the research (Kaufmann Foundation) with the feeling that “something was missing” in this type of analyses and stimulated Riskope to look for solutions.…

Read More

Solomon Islands gold mine contaminated water spill disaster

20-04-2016

Solomon Islands gold mine contaminated water spill disaster constitutes a perfect case for discussing the concept of failure criteria (or its mirror image, success criteria) in relation to risk assessments. Tailings dams are built with the purpose (goal) of storing byproducts of mining operations, i.e. the tailings. Tailings consist of finely ground ore (the mineral) and process effluents generated by mechanical and chemical processes used to extract the desired product from the ore. It is unfortunately impossible to reclaim all…

Read More

Business startups success show stoppers and tolerable risks

13-04-2016

Business startups success show stoppers and tolerable risks This is a follow up on last week’s post showing how ORE can evaluate business startups success show stoppers and tolerable risks. ORE showed quantitatively where the a priori “party-breakers” “underlying assumptions” or “key success elements” were in each studied case, thus avoiding the pitfalls described above (1). The success and failure probabilities were in good agreement with a Kaufmann Foundation study. For the portfolio analysis we have now to look at Figure below…

Read More

Vancouver Digital Creative Agency Ballistic Arts Media Studios.