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Quantitative Convergent ERM to Solve Real Life Problem

Riskope presented at Infonex (https://infonex.com/ ) Quantitative Convergent ERM to Solve Real Life Problem. The conference was carried out on Zoom and the talks were, of course recorded. What is ERM?  Enterprise risk management (ERM) is a plan-based decision-making support. It allows its users to enhance their tactical and strategic planning and therefore to increase competitiveness. Indeed, it aims to identify, assess, and prepare a project, corporation to cope with threats and hazards. Threats and hazards can occur with different…

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Tailings dams knowledge base creation

Tailings dams knowledge base creation is about how to acquire the information needed to perform well documented risk assessments. Of course, there are many possible ways to create the necessary knowledge-base for a risk assessment that is compliant with the new Global standard. Today we will discuss a few possible ways to do so at a high-level.At Riskope we passionately believe that only a blending of these approaches is capable of bringing the answers needed for high quality risk assessments…

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Dams Failure modes and catastrophic failures

Today we explore the relationship between Failure modes and catastrophic failures. Catastrophic failure of tailings dam and its water management structures are the likely result of the failure of a number of essential components or any combination of states. We purposely use a different terminology from failure modes because they explain how the dam can fail, but not why. If we look at past events, hydro dams and tailings dam are similar as, for example Oroville and Fundao did fail…

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Strategic operational and tactical planning for tailings hydro dams

We are learning that structural integrity of hydro dams is also becoming an issue. Thus, similarly to tailings dams, we need a strategic operational and tactical planning for tailings hydro dams! Karl Terzaghi, American Society of Civil Engineers, “Terzaghi Lectures, 1974-1982,” American Society of Civil Engineers (1986) ISBN 0-87262-532-X. proposed that a dam rating system should provide ALL of the following: A logical framework for rating the relative safety of a dam Allow for the use of judgment and experience…

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Comparison of ORE2_Tailings estimated dam failure probabilities

The comparison of ORE2_Tailings estimated dam failure probabilities is an important element of Riskope continued commitment to test the validity of the approach. Quantitative risk assessment in tailings One can perform a Quantitative Risk Assessments (QRA) using various methods. Indeed, for tailings dam risks, they all consist in evaluating the: probability of failure of the dam generated by various pertinent hazards, potential consequences of a dam system collapse (failure) and finally the risk. The technical and mathematical tools for performing…

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Global Industry Standard on Tailings Management

On Wednesday August 5th ICMM, UNEP and PRI launched the Global Industry Standard on Tailings Management. In this blogpost we offer some comments on the Global Industry Standard on Tailings Management. We salute this initiative that we have supported already at draft level. Indeed, at that time we wrote our comments and notes via email and online portal. That was following the public Consultation invitation which gathered a total of 629 responses. The consultation report We found the Global Tailings…

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Tailings dams design and experience

Lately several tailings dam failures rocked the mining world. Despite the relative high frequency of these events we have heard engineers qualify the failures as “one in a million”, “extremely rare” or even “black swans”. Today we want to discuss a few concepts on tailings dams design and experience. In particular, we will focus on some disconcerting qualifiers like the ones we just cited above. For example, given the experience of tailings dams catastrophic failures  resulting from combinations of various…

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Not all risk assessments are created equal

The UNEP “Mine tailings storage: safety is no accident” report asks mining companies to make environmental and human safety a priority. To ensure mining companies meet that result in management actions and ground operations, a residual risk assessment should be performed. For clarity, residual risk assessments are those that intervene after mitigations or critical controls.  However not all risk assessments are created equal so let’s explore the differences. What are the requirements for a good risk assessment? Risk assessments are…

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