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Risk culture at Boeing vs Mining looks at the Boeing’s special committee re-evaluation of procedures and compares them to mining world issues. Indeed, in the aftermath of the Boeing 737 Max, Boeing created a special committee. The intention is to better their projects safety procedures. Perhaps something similar to the initiative ICMM has launched lately for the mining industry. That is in the aftermath of recent catastrophic tailings dams accidents. The ICMM report is not yet available, so, in the…Read More
Today we explore under which conditions can we learn from our failures? In our society we oftentimes say that we benefit from failure, mostly in terms of lesson learned, allowing for better future decisions. System are continuously exposed to failure As Johnny Cash stated : “You build on failure. You use it as a steppingstone. Close the door on the past. You don’t try to forget the mistakes, but you don’t dwell on it. You don’t let it have any…Read More
A study in the Journal of Loss Prevention in the Process Industries explains the relationship between Risk-aversion and near misses in mining. According to a recent study there is a link between near misses and miners’ attitudes toward risky behavior. Frankly, this does not sound like a surprising statement at all. However the study from NIOSH develops a scientific understanding around the gut-feeling perception. Risk-aversion and near misses in mining study NIOSH surveyed more than 1,300 miners, a majority of whom…Read More
Some of our readers are all about Performance objectives and indicators of Tailings dams with Space observation. They work in the imagery and space observation industry. As a result they asked some questions about our book Tailings Dams Management for the Twenty-First Century. Google Earth, image date 10/4/2018 We thought it would be interesting to publish the Q/A session. Q/A session on Performance objectives and indicators of Tailings dams with Space observation Q1: With reference to your book can you…Read More
Consider Climate change risks and the Federal Reserve Bank a follow up to our blogpost entitled (Reporting climate risks). We read that the Federal Reserve Bank of San Francisco will reportedly host the first research conference focusing on climate change. We consider the UK actions in this field, the coalition of 30 central banks and this latest news as a tipping point in the climate change awareness. One that focuses on present, emerging, residual and latent risks. One that may lead…Read More
Real Estate Due Diligence vs. Risk Informed Decision Making stems out of reading a real estate deal due diligence guide by Jon Hegwood. The guide states that “the due diligence period is a formalized discovery window to confirm assumptions, identify potential hiccups, uncover unforeseen issues, and ultimately, determine the feasibility of a project. It’s the active mitigation of physical, financial and legal uncertainties”. Given that definition and our experience in large contracts, Mergers and Acquisition risk assessment it was inevitable that…Read More
Tailings Dam Management for the Twenty-First Century discusses a comprehensive approach to address the need to improve the: design of tailings dams, management and finally regulation of tailings management facilities. The aim is to explore what What Mining Companies Need to Know and Do to Thrive in Our Complex World. The book summary, ToC are available at https://www.springer.com/gp/book/9783030194468. Tailings Dam Management for the Twenty-First Century Tailings Dam Management for the Twenty-First Century discusses what the public seeks in terms of:…Read More
Responsible Mining and risks is based on a recent article discussing Pebble Mine controversial project and in particular its Draft Environmental Impact Statement (DEIS). The paper by NRDC Joel Reynold describes Pebble Mine as “Perhaps the most widely condemned development project anywhere”. It also explains that over the past eight years, four major global mining companies have abandoned the project. Namely: Mitsubishi Corporation in 2011, Anglo American in 2013, Rio Tinto in 2014, and finally First Quantum Minerals in 2018.…Read More