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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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Convergent quantitative Entreprise Risk Management on Divergent Risks

Convergent quantitative Enterprise Risk Management on Divergent Risks is an extension of our recent discussion on business interruption risk profiles. The example we discuss is present in: our last book Convergent Leadership-Divergent Exposures Climate Change, Resilience, Vulnerabilities, and Ethics an article at CIM 2021 about Concentrate Transportation From Mine to Market is Critical to Mines’ Profitability Setting the scenario for Convergent quantitative Entreprise Risk Management on Divergent Risks Suppose a corporation owning and operating three chemical plants sends their products…

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Business interruption risk profiles

Riskope’s ORE deployments generally include quantitative convergent business interruption risk profiles. These are based on “as usual” and, very importantly, on divergent scenarios. They allow for tactical and strategic corporate planning while facing, for example, climatic uncertainties. It is not rare to see a client smile at our scenarios descriptions. In particular, when they include hazards that may be interpreted as “far fetched”. Indeed, the dominos effects that intervene in those cases, due to the interdependencies within the considered system…

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Pit failure at Codelco Ministro Hayes in Chile

We read about the recent pit failure at Codelco Ministro Hayes in Chile. We have also read that there will be no impact on the mining operations in this particular case but that is not significant in today’s proposed discussion. This failure is particularly interesting for Riskope as we recently performed a ORE2_Slopes quantitative risk assessment on a large open pit mine in Austral Africa. For a change the client mining company and the mine location are confidential. By the way,…

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Data required to run ORE2_Tailings

Now that the last eight blogposts (General ORE2 tailings workflow, ORE2 tailings technical explanations, first steps ORE2 tailings workflow , ORE2 tailings deployment steps , ORE2 tailings results, ORE2 tailings RIDM , ORE2 tailings tactical and strategic, ORE2 tailings conclusions) have shown the capabilities and results, let’s see the data required to run ORE2_Tailings quantitative risk assessments compliant with GISTM and ISO 31000. A few words on ORE2_Tailings™ methodology ORE2_Tailings™ is a subset of the “universal” ORE platform specific to Tailings…

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ORE2 tailings conclusions

This series of eight blogposts is a summary of what a standard ORE2_Tailings™ quantitative risk assessment deployment report includes. Indeed, the ultimate goal of the report is Risk-Informed Decision-Making (RIDM) support for the owner and the EoR. As a matter of fact the methodology is compatible with ISO 31000 and of course ICMM GISTM. The ORE2_Tailings™ deployment uses archival documents supplied by the client for each Tailings Storage Facility (TSF) and finally related dams and written Q/A sessions The report…

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ORE2 tailings tactical and strategic

As stated earlier ORE2_Tailings™ allows to define in a clear, transparent, and reproducible way which risks are tolerable or intolerable. Among the intolerable risks ORE2_Tailings™ allows to define which risks are tactical and which ones are strategic. We discussed tactical and strategic planning for dam portfolio using ORE2_Tailings™  in https://www.riskope.com/2021/06/30/tactical-and-strategic-planning-for-dam-portfolio-using-ore2_tailings/.  In our reports we show that risks of the considered portfolio belong to a three families as follows: tolerable, meaning they are below the risk tolerance of the client. These…

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ORE2 tailings RIDM

We split this Chapter in two sections: section 10.1 discusses what actions one can take to enhance the knowledge base. These are obvious “simple” procedural mitigations. Thye lead to better understanding of the risks and/or to mitigate them. Section 10.2 shows how one can deploy ORE2_Tailings™ during the mitigation design process. That is in order to support decision-making. The goal is to define rational and sustainable risk mitigation programs. This process has to occur in parallel with the design by…

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