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 enjoyed reading 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. It almost…
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Fund allocation from money lender The idea is not to perform a full risk assessment or due diligence study. Indeed, it is 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. It allows a company to opt to get deeper in their risks analysis to further enhance their chances of success. Additionally, one can use the analyses for…
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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. As a matter of fact: ORE is a convergent quantitative risk assessment methodology. Convergent means that ORE looks simultaneously at all hazard sources. Thus it avoids pitfalls common in “silo-ed” approaches . It also covers a wide spectrum of hard and soft consequences (direct, indirect). ORE is scalable, meaning that it can follow a…
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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 leaked on a torrent free for anyone to download. Last year a cyber attack significantly damaged a German steel mill. Especially with the advent of IoT (Internet of Things) cyber attacks have the ability to generate multi-faceted consequences on interdependent systems. These were physical for…
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