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Corrego do Feijao near Brumadinho Dam Failure

Our hearts are saddened to comment on the trajedy around Corrego do Feijao near Brumadinho Dam Failure. (Image: Portal R7.com | Twitter.) At this time we only have fragmentary data from the media. Thus we will focus on “peripheral” but very important concepts that seem to get lost in the aftermath of each new tragedy. These concepts emerged in the paper entitled A systemic look at tailings dams failure process, presented at Tailings and Mine Waste 2016, Keystone, Colorado, USA, October 2-5,…

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Improving Sustainability through Reasonable Risk and Crisis Management

Improving Sustainability through Reasonable Risk and Crisis Management is the title of our 2007 book. The book has sold through our website in 34 countries to individuals and CxOs eager to get a look into quantitative and rational risk management. Today, one can easily state that sustainability is a big topic in the Western chemical and mining, oil & gas industries. Companies want to be sustainability leaders although in some cases their claim sound more like PR campaigns. A recent…

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Cryptominers exploit miners vulnerabilities

Miners are under a new attack as Cryptominers exploit miners vulnerabilities. Programs that hijack computer resources to mine cryptocurrencies without permission are indeed a new threat in the list. In summary, the “old list” for miners reportedly encompassed for example: Ransomware, which holds a company’s data hostage until a ransom is paid. data leaks. worms that could break down equipement “a la” stuxnet focussing on the SCADA system. However, the real-life general list is way longer, as witnessed by a…

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Integrated and convergent risk approaches

Integrated and convergent risk approaches need some discussion. Are they so different? And what about the good old Enterprise Risk Management (ERM)? In our modern society, organizations require a 360-view across all business units, risks and compliance functions. ERM approaches should cover that. Experience shows that oftentimes ERM does not cover key business partners, suppliers and finally outsourced entities, the “Enterprise” (system) definition remains implicit. Thus there is no 360-view across business units, risks and compliance functions. Maybe that was…

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Risk assessment, Social License to Operate and Corporate Social Responsibility

At Riskope we champion the idea that Risk assessment, Social License to Operate (SLO) and Corporate Social Responsibility (CSR) are strongly intertwined. It is part of our silo-breaking philosophy. Riskope’s builds risk assessments considering multidimensional consequences. These include “people” consequences, such as loss of quality of life. At the end of the day SLO and CSR are supported by enhanced transparency, clearer vision and distance themselves from a mere PR act, as people will identify more with the prospective realities.…

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Tailings dams quantitative risk assessment

Tailings dams quantitative risk assessment has to rely on proper evaluation of consequences and probabilities. The goal is to be able to economically and swiftly prioritize a portfolio of dams. That is in order to develop risk informed decision making for mitigation as also discussed in a recent blogpost. ORE2_Tailings app to evaluate probabilities ORE2_Tailings app is primarily addressing the needs of owners or regulators of dam portfolios. A dam portfolio may cover several extractive centers, several mining companies with…

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Technological risks or technological idiocy?

Where lies the line in the sand between Technological risks or technological idiocy? Would you accept to rely on a “perfect system” that has no bypasses, safety overrides? Such systems exist and people, corporations are flocking to use them. “Append only” systems We can interpret Blockchain  as a “append only” distributed database with no central server. In addition a blockchain database has no ability to change or modify a record once it is added. That characteristic is called immutability. Immmutability…

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Risk analysis of dam break

Last week we focused on technical aspects of the Risk analysis of dam break. This week we go further by looking at societal tolerance and approaches. These may integrate ethical and economical approaches to these studies. Probability of failure and bench-marking of the case history dam A recent study of a tailings dam (centerline, rockfill, well investigated, built and monitored) using the ORE2_Tailings app delivered an estimate of the probability of failure. The result was pf in the 10-4 to…

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