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Independent Forensic Team Report Oroville Dam Spillway Analysis

We just read the Appendix F From 2018 Independent Forensic Team Report Oroville Dam Spillway Analysis. So, we decided to discuss a few points from our risk perspective. It was a joy to read the statements the Independent Forensic Team made on “normalization of deviance” and the disproportionate influence some experts may exert on group deliberations. Indeed a Potential Failure Modes Analysis (PFMA) team generally includes various members bringing diverse perspectives into the process. Oftentimes one or two strongly opinionated persons,…

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Social License to Operate and Risks

Does your risk management keep a separate scale for environmental, logal, or business interruption? Do you treat separately Cyber risk from your operational risk? i.e. Do you look at Social License to Operate and Risks as separate siloes or do you integrate them? Let’s start by noting that the Social License to Operate (SLO) basic assumption is that communities/social expectations around projects/activities of mining companies usually exceed legal matters. SLO refers to non-explicit “agreement” made by industry with society and…

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Data in probabilities assessment

Data in probabilities assessment constitute an everyday conundrum. The key question is what constitutes essential (understood as basic, indispensable) and ideal (understood as “perfect”) data set. There is no “simple” answer to that question. Consider that we often deal with prototypes or new facilities before commissioning. Past performances may not reflect future behavior because of system or climatic changes. Indeed, any internal or external change to the system has the potential to prove assumptions wrong. In particular, that past experiences…

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Success and failure criteria in mining risk assessment

The numerous comments made in the aftermath of the Cadia goldmine accident offer the opportunity to discuss Success and failure criteria in mining risk assessment. Cadia goldmine accident comments Several comments congratulated the mine for their overall tailings management, for the limited volumes involved, for the limited breach of the dam. They came from highly experienced dam engineers and mining people. The media, however, focused on the business interruption. Some were not as enthusiastic about the overall performance and stressed…

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Tailings dam failure at the Cadia-Ridgeway Mine in Australia

We learned last week about a tailings dam failure at the Cadia-Ridgeway Mine in Australia. We are going to discuss a few points we know as they relate to Tailings Dams Risk Management. What we know about the tailings dam failure at the Cadia-Ridgeway Mine in Australia In the late afternoon of Friday March 9th , Cadia identified a limited breakthrough of tailings material at its northern tailings dam embankment as shown in the press release they produced. This tailings…

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Convergent Quantitative Cyber Risk Assessment to Optimize Enterprise Reliability

.Convergent Quantitative Cyber Risk Assessment to Optimize Enterprise Reliability will be the theme of our paper at CIM 2018 conference. Reportedly KPMG’s Toronto office produced a text entitled “Insights Into Mining” stating that mining companies “may be” underestimating the risk of cyberattacks. Indeed they consider this risk will increase as more companies embrace mining automation, IoT, etc. The report also emphasizes that mining executives believe based, like usual, on “feeling and perceptions”  that innovation and the risk of disruption are…

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Cynefin framework and Johari window synergy with Risk Management

We recently attended a talk at CIM-MES Vancouver which brought us to think about Cynefin framework and Johari window synergy with Risk Management. What we will do in this blogpost is show that despite an apparent significant different language there are ideas and concepts that correspond between the approaches. Furthermore this leads to Cynefin framework and Johari window synergy with Risk Management. As you will read it will become immediately apparent that “Known-knowns” of the Johari window correspond to the “Obvious”…

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Key differentiators in Governance Risk and Compliance (GRC) landscape

A recent report by Blue Hill Research discusses the Key differentiators in Governance Risk and Compliance (GRC) landscape. The report is entitled Four Components of an Enterprise Risk Reporting and Management Platform. The base of knowledge is analyses and research interviews with fifteen risk management executives. As far as GRC product functionality, the core components generally involve the following capabilities: Centralized data management Process and incident management Workflow management Automated monitoring and alerting and finally, Automated reporting. Depending on the…

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