Archives

TCFD and TNFD for mining

TCFD and TNFD for mining: concepts, examples and caveats, is the paper we presented at #CIMBC22 Mineral Economics and Finance. Photograph provided by: Adolfo Tribst Corrêa We asked the audience if they were familiar with the: Task Force on Climate Related Financial Disclosure (Task Force on Climate-Related Financial Disclosures | TCFD) (fsb-tcfd.org) and Task Force in Nature-related Financial Disclosure (TNFD – Taskforce on Nature-related Financial Disclosures). Only a couple hands rose. Significant points of our discussion on TCFD and TNFD for…

Read More

Impact of climate change change projections on tailings dams survivability

Impact of climate change projections on tailings dams survivability is the paper we presented at #CIMBC22 Climate Change and Tailings Management. The authors are M. Gloor, G. Halter, of Correntics (Correntics – we make global supply chains future proof) and Cesar and Franco Oboni. Image by TheOtherKev from Pixabay The session was brilliantly chaired by George Hemingway of Stratalis Three papers on Climate Change and Tailings Management  Charles Dumaresq presented the protocols for climate change consideration in mining projects. The…

Read More

FUV vs RIDM friends or foes at CIMBC22

FUV vs RIDM friends or foes at CIMBC22 sounds like a riddle, right? But it is not! Please, note FUV was actually never written as an acronym. Actually FUV stands for firmitas, utilitas, et venustas in Latin language.  Today we freely translate the terms into English as reliability, serviceability and beauty, straying a tad away from the original meaning. However, Henry Wotton, a seventeenth century translator, coined “firmness, commodity, and delight” as essential components of all successful architectural design. Wotton remained faithful…

Read More

World-wide ORE2_Tailings quantitative risk assessment experience

Riskope’s world-wide ORE2_Tailings quantitative risk assessment experience can be summarized in one single graph we will show below. ORE2_Tailings™ (©Riskope, 2014-*) is a subset of ORE (Optimum Risk Estimates) which is a “universal” platform for quantitative risk assessments, ERM we deploy for: mining, i.e. tailings, open pits, transportation, forestry and finally suppliers. We have deployed ORE for hundreds of operations worldwide. Today we will focus on tailings storage facilities. Sample portfolio for ORE2_Tailings™ performance summary  We selected a sample portfolio…

Read More

The five laws of stupidity and risk management

The five laws of stupidity and risk management are deeply interconnected. As a matter of fact, stupidity is often the root cause of many accidents, in any industry or human endeavor. Haven’t we all heard phrases like: “… it was a stupid accident”, “it was a stupid mistake…”? Like usual, we will ensure that the glossary is crystal clear before we discuss the subject. And like usual, you will see that a clear glossary is absolutely vital. The classic definition…

Read More

Review of Credibility Crisis

Today we present the review of Credibility Crisis, Brumadinho and the politics of mining industry reform. The authors of this book are A. Hopkins and D. Kemp, 2021. To be precise, we focus our discussion on the process and choices that finally shaped the GISTM, as the authors report them, rather that on the opinions the authors express. Indeed, as the book makes it clear, not all voices had the same weight during the process and the Panel deliberations. Overall,…

Read More

Recent failure at Pau Branco Mine, MG, Brazil

The recent failure at Pau Branco Mine, MG, Brazil is a classic example of cascading events. At this Vallourec Mineração (VMN) iron ore mine the failure of an uphill structure/slope led to overtopping of a downstream retention structure. As a result a flood reached a highway and the environment. Photograph provided by: Adolfo Tribst Corrêa A bit of Pau Branco innovation history Back in 2015 this mine was touted as a technological success when a new filter press module was installed.…

Read More

What lies ahead?

What lies ahead? Well, first of all we wish all the serene and fruitful 2022 we all deserve despite the uncertainties looming. Of course our thoughts go to those who in 2021 endured hardship both physical, mental and economic. May the future bring to you and your Families some solace. In these troubled times we keep a very high level of alert with respect to the global sanitary and geopolitical situation to steer toward safety. The situation is to say…

Read More

Archive

Hosted and powered by WR London.