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Cost and schedule risks

We all know that megaprojects including hydroelectric ones are subject to Cost and schedule risks. Experts recently confirmed this to the Commission of Inquiry Respecting the Muskrat Falls Hydroelectric Project. They said it is common for such projects to evolve with understated early cost estimates. That was the conclusion of a report which looks at 274 hydro dam projects around the world, including projects in Canada. Reportedly this is the largest academic data set of its kind in the world.…

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Tailings management Geoethics considerations

Tailings 2.0 include Tailings management Geoethics considerations. Furthermore Tailings 2.0 fosters the link between a new way of tackling quantitative risk assessments and geoethics requirements in modern society. Tailings 2.0, the result of over twenty years of research and development, marries the requirements presented in the UNEP report and offers unparalleled support to independent risk assessors. The UNEP report identifies its requirement in distinct ways. For example by stating: “Establish independent waste review boards to conduct and publish independent technical reviews…

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Tailings and Mine Waste TMW2018 Short Course: Tailings 2.0

During the one day Tailings and Mine Waste TMW2018 Short Course: Tailings 2.0 we will discuss a synergistic approach for Tailings dams risk assessment and long term monitoring. Tailings 2.0 encompasses an updatable, scalable, drillable and convergent Quantitative Risk Assessment (QRA) platform (see ORE2-Tailings ) and Space Observation monitoring as main or complementary to extant classic monitoring programs. ORE2-Tailings ORE2-Tailings uses multiple data sources to deliver initial estimates regarding probability of occurrence of dams’ failures, benchmarks them with the world-wide…

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Highway Bridge Catastrophic Failure in Genoa, Italy

It is very saddening to report about the Highway Bridge Catastrophic Failure in Genoa, Italy just one week after the horrific accident in Bologna. The bridge, build in 1967 was a stayed pre-stressed reinforced concrete structure. Its futuristic design and lines drew comments from inception. This time again we will not enter in any legal/political debate, but look at the tragedy with our risk management eyes. We have decided to start the discussion using a few cognitive biases and misconceptions that…

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Traffic accident caused major explosion in Bologna

On August 6th Italian media sadly reported: Traffic accident caused major explosion in Bologna. Traffic accident caused major explosion in Bologna; What happened Two trailers following each other collided. One of them was loaded with liquid propane. Those two then reportedly hit a third trailers loaded with new cars. The accident happened on a viaduct going through a semi-industrial/ urban environment. A fire started in the car transport trailer. By chance, several police units were either onsite or nearby and…

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Landslides risk assessment

Natural and man-made slopes portfolio require Landslides risk assessment in order to ensure sustainable management. Slopes present hazardous geo-morphological processes such as landslides which can occur discretely (some deformation, cracking followed by a large movement) or “continuously” (deformations ranging between a few millimeters and several centimeters per years with occasional accelerations followed by a return to “average velocity”). Shall we manage hazards or risks? Any slope, anywhere in the world, has a probability of occurrence (of “first” failure). Continuously sliding…

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Australian law firm plans to sue world’s No.1 miner BHP

Australian law firm plans to sue world’s No.1 miner BHP. They argue BHP knew the Samarco dam was “at imminent risk of breaking”, but BHP was not transparent, breaching regulations. Reportedly the basis of the class action will be the belief the mining company mislead investors over safety measures, including public warning systems while it was aware of an “imminent collapse” and its very serious potential consequences. Australian law firm plans to sue world’s No.1 miner BHP The owners of…

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Tailings 2.0: Space observation, quantitative risk assessment bring value and comply with societal demands

At the coming Tailings and Mine Waste conference (TMW2018) Riskope and MDA will jointly present a one day course entitled “Tailings 2.0: Space observation, quantitative risk assessment bring value and comply with societal demands” Tailings 2.0: Space observation, quantitative risk assessment bring value and comply with societal demands During the “Tailings 2.0: Space observation, quantitative risk assessment bring value and comply with societal demands” course we will review state of the art risk assessment methodologies and space observation technologies that together…

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