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Dam portfolio risks—a few definitions

Dam portfolio risks—a few definitions aims to bring clarity on terms definitions that oftentimes remain shrouded in mystery. Risk Framework Risk analysis frameworks provide a methodological basis for establishing a transparent and defensible evaluation of the risk generated by a given dam and/or portfolio of dams. They can be qualitative, semi-quantitative or fully quantitative. The framework is essentially a repeatable evaluation scheme which may rely on: quantification of expert judgment, subjective probabilities, empirical/statistical observations or probabilistic models (Stamatelatos et al.…

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Global Industry Standard on Tailings Management

On Wednesday August 5th ICMM, UNEP and PRI launched the Global Industry Standard on Tailings Management. In this blogpost we offer some comments on the Global Industry Standard on Tailings Management. We salute this initiative that we have supported already at draft level. Indeed, at that time we wrote our comments and notes via email and online portal. That was following the public Consultation invitation which gathered a total of 629 responses. The consultation report We found the Global Tailings…

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Limitations, disclaimers and risks

Today we present a story about Limitations, disclaimers and risks. The case related to limitations, disclaimers and risks. This is a case history on limitations, disclaimers and risks. Below is the summary of the case. Like all other consultants, we introduce in our reports verbiage clarifying our reports address specifically a project, a situation. Thus no one should generalize them to other operations, even if these may appear similar. In particular, the verbiage aims at protecting the client from the…

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Dam Monitoring Effects

Dam monitoring effect is a case history. A client acquired a mining properties portfolio. It included inactive dams at closed mines. Some of these structures were relatively well documented, while others were not. As a result, the client was facing important decisions, one of them being the effort to enhance the knowledge on the structures. The question the client asked was: “What happens to a particular dam if the level of knowledge we have on an inactive dam goes from…

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