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Comments on BC tailings dams risk reduction audit

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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Solomon Islands gold mine contaminated water spill disaster

The Solomon Islands gold mine contaminated water spill disaster constitutes a perfect case for discussing the concept of failure criteria. Failure criteria is the mirror image of the success criteria. Failures are the events that generate risks studied in risk assessments. Tailings dams are built with the purpose (goal) of storing byproducts of mining operations, i.e. the tailings. Tailings consist of finely ground ore (the mineral) and process effluents generated by mechanical and chemical processes.  In fact, those processes goal…

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Leadership, Challenger explosion, Winston Churchill and overwhelming syndrome

Thirty years ago, on January 28th, 1986, the world watched speechlessly the explosion of Challenger space shuttle, a minute or so after lift-off. Seven crew perished in the accident. Based on this tragic failure, what can we learn from Leadership, Challenger explosion, Winston Churchill and overwhelming syndrome? Later, investigations determined that an o-ring failure in one of the rocket booster and cold weather were the root cause and ancillary factor for the explosion. Earlier, an engineer working at the manufacturers of…

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31 functions to describe a Tale [Propp, 1927] and the relationship to modern Risk Assessment.

As we were discussing the Uncertainty taxonomy I remembered a book by Vladimir JA. Propp (1927). The title was “Tales’ Morphology”. This was certainly not part of my scientific background. But there are people out there that delve with delight in such treaties. We will look below at functions of Tale and the relationship to modern Risk Assessment. Where is the link with Risk Assessment? Well, if you read the book you will see in the Preface a long discussion.…

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Net Present Value Forever? No, thanks, it’s too risky!

We were very pleased when we read on a mainstream media a paper discussing the Advantages and Disadvantages of Net Present Value Method. Net Present Value Forever? Indeed Net Present Value Forever? No, thanks, it’s too risky! The paper addressed investment purposes. However the relation to projects is quite obvious. Actually, aren’t all projects  investments? No, CDA/ESM is way better! As our readers know, Riskope has been proposing and successfully applying the proprietary CDA/ESM methodology in planning, projects’ evaluations world-wide, in a number…

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10 voices comment on the risk of maintaining Status Quo in Tailings Management

10 voices comment on the risk of maintaining Status Quo in Tailings Management. Recently CIM-Magazine interviewed Riskope on the subject of Tailings Dams failures. The conversation took place in the aftermath of Mount Polley incident. At the time of the interview the Samarco disaster in Brazil had still yet to come. 10 voices comment on the risk of maintaining Status Quo in Tailings Management. In that paper ten experts freely comment on Mount Polley and other mining projects, with special…

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The Ten Plagues of Egypt and our world at the transition between the Electromechanical and the Cyberinformational Era on our planet.

In a prior post we discussed large scale water contamination. We related it to a planetary plague, with dear consequences unless we decide to “rewrite” the future. We imagined how, unless we take robust decisions, in a distant future, archaeologists will likely find books or some records relating events that are occurring under our eyes, namely wide-spread water contamination.  They may consider them like the first Plague of Egypt. What is the relationship between The Ten Plagues of Egypt and…

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Big players beware! Corporate Social Responsibility, business ethics social license to operate.

Corporate Social Responsibility, business ethics social license to operate It doesn’t matter if you sell cars, mortgages, cruises, or oil. Neither it does matter if your Customer Experience NPS had stellar values up to «yesterday»! And finally it does not matter if your industry is a “one of a kind”, or you are the “largest”, the “best”, etc. If the images projected by the media or the news about your latest scandal (of any kind) are vivid enough to stir…

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