Military Grade Risk Application for Mining Defence, Resilience and Economic Optimization

Military Grade Risk Application for Mining Defence, Resilience and Economic Optimization

Apr 26th, 2016

Date/Time
Date(s) - 26/04/2016
4:15 pm - 6:00 pm

Location
Segal Graduate School of Business – Simon Fraser University – Room 4400 (Policy Room)

Categories


Military organizations and mining have astonishingly strong anatomical/physiological similarities. Diversified miners around the world have several base metals and other divisions, similar to the Military which have different services such Army, Navy, and Air Force. The services, like mining divisions, are interdependent to some degree at strategic and tactical level. The similarities go down all the way to a ranger platoon, translated into a prospection team in the mining world.

Minepanorama

Both strive for excellence in operations and risk management: increasing resilience of the system and optimization are of paramount importance as both have to ensure:

  1. delivery at any given time (7/24, 365 days)
  2. operational sustainability (asset, maintenance, and stewardship)
  3. confidentiality and security (of intelligence, prospection, outputs, etc.)
  4. public opinion satisfaction while being prone to opposition and scrutiny

ORE (Riskope’s Optimum Risk Estimates) methodology, originally developed for specific mining applications (tailings, power generation and distribution, pipelines, logistic) and then extended to other areas of industry, is being deployed for the Swiss Army Cyber Defence interforces program.

This speech shows how a “military grade”, global risk application can benefit a miner, reducing costs, waste of time, allowing informed decision and reinforcing possible legal defences.

small truck

In the era of IoT (internet of things) it is time for miners to embrace RiskManagement2.0 and maximize the benefits of multi-hazard, interdependent system’s analysis: better understanding, better evaluations, better decisions, better defence.

Seminar is complimentary and seats are limited.

Register by Sunday, April 24 to secure your place. Please RSVP by replying to Vancouver@cimmes.org if you are interested in attending. This is an excellent networking opportunity and there is no charge to attend.

Category: Risk Analysis, Risk Management

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