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A brief summary of deal failures and their consequences in the mining industry vs. environmental catastrophes. Complementary Information.

Deal failures and their consequences in the mining industry vs. environmental catastrophes After this post showing the share values at 5 years for Hess Corp.,ConocoPhillips,  Royal Dutch Shell plc (ADR),Chevron Corporation and  BP plc (ADR) some of our careful reader have commented that we forgot Exxon as a major oil company. We are going to compare the deal failures and their consequences in the mining industry vs. environmental catastrophes. Indeed if we graph the previous companies including Exxon we see that both BP and Exxon`share…

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Summary of deal failures and their consequences in the mining industry vs. environmental catastrophes

Summary of deal failures and their consequences in the mining industry vs. environmental catastrophes In the last couple years the mining world has been shaken by a series of large “sour deals”. Among these “deal failures” consequences we can note the following “corporate casualties”. Here is a Summary of deal failures and their consequences in the mining industry vs. environmental catastrophes: Cynthia Carroll CEO of Anglo American said she would quit in Fall 2012. Not long after Marius Kloppler, the…

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Teaching Risk and Crisis Management. What has changed between 1999 and today?

Teaching Risk and Crisis Management. What has changed In a few months Riskope will celebrate another important anniversary. In 2012 we celebrated two decades of risk and crisis management, decision making support and consulting. In spring 2014 we will reach fifteen years of specialized courses and seminars on the same subject. As we found in our archives the Table of Content of the course we were giving at University of British Columbia (continuous education) UBC in 1999 we decided to…

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What to do instead than common practice Probability Impact Graphs and FMEA

What to do instead than common practice Probability Impact Graphs and FMEA Consider this a summarized guide to introduce you to the procedure to avoid obsolete and flawed common practice approaches. What to do instead than common practice Probability Impact Graphs and FMEA? In fact, you can find information on the “rules” for proper risk assessment here an interesting white paper entitled “What you need to know about Risk Management methods” here. The white paper presents the benefits and limitations of…

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Aspects of Risk Tolerance, Manageable vs. Unmanageable Risks in Relation to Critical Decisions, Perpetuity Projects, Public Opposition

Today we discuss Aspects of Risk Tolerance, Manageable vs. Unmanageable Risks in Relation to Critical Decisions, Perpetuity Projects, Public Opposition. Aspects of Risk Tolerance, Manageable vs. Unmanageable Risks in Relation to Critical Decisions, Perpetuity Projects, Public Opposition Riskope is writing a paper following this Abstract. In 2014, we will find a suitable Conference in Canada where to publish it. The paper builds on case studies from prior papers. For example Can We Stop Misrepresenting Reality to the Public and  Factual and…

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Some Buzz-words and their meaning. Resilience Cont’d (3rd part).

In this post we keep analyzing some buzz-words and their meaning. Resilience Cont’d (3rd part) is today’s subject. The prior post discussed “antifragile”. Some Buzz-words and their meaning. Resilience Cont’d (3rd part). Another buzz-word: resilience. Following the dictionary, resilience is the ability to become strong, healthy, or successful again after something bad happens (so, it would be a subset of antifragile, as it contemplates return to normality, but not thriving out of the mishap). Resilience is also the ability of…

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Some Buzz-words and their meaning. Antifragile Black Swan Cont’d (2nd part).

Some Buzz-words and their meaning. Antifragile Black Swan A new word: Antifragile. It seems like Mr. Taleb has coined a new word: “antifragile.” “Fragile” is the opposite of “robust”. Taleb adds the antifragile word to describe a system that thrives—its performance actually improves— under stress. Taleb’s new book mostly considers the notions of fragility and antifragility in biological, medical, economic, and political systems. Under that definition it is difficult to imagine an engineering systems that would be antifragile? Engineers have…

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A modern Risk Manager and an Engineer have a heated discussion about FMEA/PIGs, common practices and what a rational and transparent quantitative risk assessment should encompass

A modern Risk Manager and an Engineer have a heated discussion about FMEA/PIGs. The dialogue below is an excerpt of the course entitled “Risk-Based Management Of Tailings, Waste Rock, And Heap Leach Facilities” that Riskope and Jack Caldwell (Robertson Geoconsultants) are co-writing for Edumine. Risk Manager and an Engineer have a heated discussion about FMEA/PIGs, and risk matrix 5×5 The dialogue format is used as a “literary device” to allow the reader to hear different “voices” from the industry and…

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