How to bounce back from the Responsible Mining Foundation grim report with sustainable actions

How to bounce back from the Responsible Mining Foundation grim report with sustainable actions

Feb 13th, 2019

How to bounce back from the Responsible Mining Foundation grim report with sustainable actions is a response to their statement:

“Too often, workers, mining-affected communities, governments and investors are kept in the dark about the risks involved and how well companies are addressing these risks. Companies may be reticent to publicly reveal this potentially detrimental and sensitive information, yet it is workers and communities whose lives and livelihoods depend on adequate protection measures being in place”.

Mining needs methodologies for “know and show” to stakeholders

Indeed ‘know and show’ how effectively the mining companies are addressing the risks of tailings dam failure and seepage remains a problem. Mostly because of a lack of appropriate tools and methods, which finally hinders proper communication and transparency.

How to bounce back from the Responsible Mining Foundation grim report with sustainable actions

As a result, mining companies are in need of tools and methodologies to track, review and finally act to improve their tailings risk management policies. In addition the need to develop operational, tactical and strategic planning for mitigation which can be communicated to the public. Perhaps even more importantly they need to keep track of how effectively they are addressing these risks to:

  • protect Social License to Operate (SLO),
  • foster Corporate Social Responsibility (CSR) and
  • dialogue with insurers that may become more and more reluctant to cover their operations.

The methodology exists and is rational and sustainable

The methodology exists and we apply them on many projects. We have published the concepts and developments and also teach courses on it.

Last year we published with MDA at Rouyn-Noranda, 2018, Symposium on Mines and the Environment a paper showing how coupling Space Observation and QRA brings value for operations and environmental rehabilitation of mining sites:

Riskope deal with Quantitative Risk Assessments (QRAs) for the mining industries since the mid ’90s. Our publication list displays numerous papers what together build the basis of our flagship methodology, ORE, and its subset devoted to Tailings Dams, ORE2_Tailings.

Users can deploy ORE2_Tailings “by hand” or via an application.

The ORE2_Tailings application is an Integrated Platform for Tailings Dams risk analysis and portfolio prioritization and benchmarking. ORE2_Tailings belongs to the arena of information systems as it applies to portfolios of tailings dams. A presentation on ORE2_Tailings app is freely downloadable

ORE2_Tailings requires dam break analyses and more detailed studies if a detailed risk analysis has to be developed for a single dam

How to bounce back from the Responsible Mining Foundation grim report with sustainable actions becomes simple.

How to bounce back from the Responsible Mining Foundation grim report with sustainable actions with ORE2_Tailings

ORE2_Tailings is:

  • Easy to implement.
  • Self assessment is possible thanks to “closed” questions, multiple answers and
  • “not known” replies.
  • Can be deployed even if data are scarce from one dam up to national scale portfolios.
  • Delivers bench-marked prioritized lists of dams which transparently include uncertainties.
  • Allows operational, tactical and strategic planning of mitigation.
  • Can link to Space Observation and finally
  • Economical in the short and longer term.

To learn more on ORE2_Tailings contact Riskope using the link above.

Tagged with: ,

Category: Optimum Risk Estimates, Risk analysis

Leave a Reply

Your email address will not be published.

Riskope Blog latests posts

  • Tailings dams risk mitigation through risk informed decision making
  • 22-06-2022
  • Tailings dams risk mitigation through risk informed decision making (Tailings Dam Risk Mitigation Through Risk Informed Decision Making,) is the…
  • Read More
  • An insight of applications of risk management systems to project valuation
  • 15-06-2022
  • An insight of applications of risk management systems to project valuation is the title of an invited lecture at HAWK.…
  • Read More
  • Zero to 300 in thirty
  • 8-06-2022
  • Zero to 300 in thirty is not the performance of a new sensational sport car. And we are talking about…
  • Read More
  • Get in Touch
  • Learn more about our services by contacting us today
  • t +1 604-341-4485
  • +39 347-700-7420

Hosted and powered by WR London.