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Managing risks across the mining and oil & gas lifecycle

19-07-2017

I had the honour to chair one of Managing risks across the mining and oil & gas lifecycle conference in London last week. The session’s title was Managing our wastes for the long term. Managing risks across the mining and oil & gas lifecycle The conference was held at the Imperial College within the frame of The Geological Society “Year of Risk” and the Institute of Risk Management. The conference’s aim was to bring together Mining and Oil & Gas…

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Sendai Framework for Disaster Risk Reduction and the mining industry

12-07-2017

This “Sendai Framework for Disaster Risk Reduction and the mining industry” blogpost looks at what was defined as minimal requirement for a Risk Assessment applied to a mining orphan site in 2013, as a result of Public Hearings in the NWT. It then examines recent development in the field, welcoming the apparently general request for multidimensional consequence analyses. A bit of reminiscing For the reclamation of Giant Mine the MVREIB, an Environmental Review Board in Arctic Canada quoted the following…

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Petya’s consequences dramatically highlight risk road maps significance

5-07-2017

The cyber world is asymmetric. A few script kiddies can have the power to launch powerful world-wide, far reaching attacks as we saw with the WannaCry ransomware case. We cannot assume perpetrators will only target political or financial interests. Perpetrators could be anywhere and everywhere. From a risk management point of view, it is irrelevant whether Petya is a cyber weapon being used to carry out cyberwarfare activities or just a ransomware. However, Petya’s consequences dramatically highlight risk road maps…

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Stakeholders not satisfied with probability assessments

28-06-2017

It is obvious that risk and uncertainty analyses can and will always be challenged by opposing stakeholders not satisfied with probability assessments, based on their subjective, modeled or even „pseudo statistical“ approaches. Under the excuse of limited or poor available knowledge of the problem at stake some stakeholder may invoke the „unrepresentative“ character of expert analyses, “mistrust„ in the results (as they feel their gut feeling is necessarily better than a science based approach) to avoid making a sensible decision.…

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Johari window application in risk management

21-06-2017

Johari window application in risk management is an exploration of possible corporate application of a therapeutic tool developed back in 1955 by the psychologists Joseph Luft and Harrington Ingham. The Johari window became world-renown when US Secretary of Defence Rumsfeld quoted parts of it (the known unknowns and the unknowns you do not know you don’t know) in an “intelligence” talk. The Johari window and its original meaning The Johari window is a four squares graph shown in the picture…

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A risk advisor point of view on Blockchain

14-06-2017

A risk advisor point of view on Blockchain is the result of recent readings in specialized news outlets which boldly stated “… and just hope you jumped on time on the bandwagon as such solutions will likely represent a deadly competitive threat to those who do not have them.” Why is that statement so bold and enthusiastic? The idea is indeed extremely enticing: imagine having solutions capable of replacing many of the most onerous processes in contracts and transactions. For…

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Integrating traditional knowledge in risk assessments

7-06-2017

Lately we have been busy working on a mining related comprehensive risk assessment. Integrating traditional knowledge in risk assessments proved to be a significant skill as public records and other usually available data were almost non-existent. We use the adjective “comprehensive” for risk assessments covering multi hazards (earthquake, flood, man-made, etc…) and a variety of targets such as population, environment, as well as supply chain network elements. Various source of information When performing a comprehensive risk assessment it is fairly…

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