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A risky mission

We undertake a risky mission today. That is to reply to information requests we have received from various interested readers in a very concise manner. The risks of the mission mostly arise from: the wide breath of the requests: “please let us know where we could learn about Riskope tailings management activities and methodologies” and the necessity to select among the vast available documentation. A classic preliminary reply We generally start our reply by inviting interested readers to visit Riskope’s…

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Hunger stones refresh our short memory

Hunger stones refresh our short memory, they are indeed messages straight from the past. Those who endured droughts and resulting famine left them for their successors. Indeed, the hunger stones tell stories of severe hardship due to droughts. Of course they become visible when it is too late, as they are normally lying below water level (Hungersteine in the Rhine – Memory of great need – Experience Worms (worms-erleben.de). Today we will discuss if these events actually constitute divergence from…

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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…

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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…

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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…

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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…

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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.…

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Riskope Interviewed by Endeavor Magazine

 I was delighted to have Riskope Interviewed by Endeavor Magazine. Indeed Alice Instone-Brewer of Littlegate Publishing and I chatted for over an hour. The resulting  interview appears in their Endeavor Magazine, December issue, page 33, https://www.littlegatepublishing.com/2021/11/endeavour-magazine-december-2021/. Riskope Interviewed by Endeavor Magazine: Calculated Risk Alice selected “Calculated Risk” as a title for the interview. Although at first sight the title may seem as a “déjà vu”, I gladly accepted it. Because it clearly states what we do for our clients. Indeed,…

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