- LATEST BLOG POST
- echo $post_date ?>
- The Oroville Dam Spillway Incident Report became public in January 2018. The story it tells is remarkably similar to the…
- Read More
|Event:||A Step by Step Guide to Risk Informed Decision Making for Mining Projects and Operations|
|Date/Time:||05/11/2017 - All Day|
|Location:||FAIRMONT BANFF SPRINGS, 405 Spray Avenue , Banff, Alberta|
Tailings and Mine Waste 2017
A step by step guide to Risk Informed Decision Making for mining projects and operations course at TMW2017
November 5th-8th 2017 Banff Springs Hotel,
Riskope will be present and active with two papers and a short course.
Short course: A step by step guide to Risk Informed Decision Making for mining projects and operations.
A step by step guide to Risk Informed Decision Making for mining projects and operations will be a hands-on exercise. We will use the Balangero Asbestos Mine Dumps Environmental Rehabilitation as a basis. That project, a competitive bid, was won by an engineering group supported by what was then called Risk Based Decision Making (RBDM). Thus it was demonstrated that including risk assessment through the design of a project, from cradle to delivery and including risk driven maintenance concepts brought value and a leading edge to the proponents.
Together we will work through all the phases of the approach (based on the ORE methodology -Optimum Risk Estimates- ©Oboni Riskope Associates Inc.), including:
· System definition
Schedule and ToC follow the approach above:
|Event:||CIM MES Vancouver NI 43-101 and Risks. What Risks?|
|Date/Time:||12/10/2017 - 4:15 pm|
|Location:||Room 2800, Segal Graduate School of Business – Simon Fraser University, 500 Granville Street, Vancouver, BC|
CIM MES Vancouver NI 43-101 and Risks. What Risks? shows how the definition of the “viewing angle” (corporate, investor, regulators, public, etc.), the success/ failure criteria, the resulting multi-dimensional consequences are of paramount importance when attempting to perform a Risk Assessment (RA). If any of those is missing or unclear for example due to fuzzy glossary any RA will be meaningless or at least misleading.
This is particularly important when looking at the relationship between the disclosure requirements intended for investors following, for example, NI43-101.
CIM MES Vancouver NI 43-101 and Risks. What Risks?
NI43-101 reports should provide information about a mine to prospective investors. However, in our experience, numerous factors generally not included in the report can turn a great prospect into a financial disaster, with dire consequences to the investors.
Recent failures of tailings facilities brought back this particular issue with great emphasis.
Some operational risk may indeed significantly affect share values and ability to conduct business, maintain Social License to Operate (SLO).
The Expert Panel opinion report on the Mt Polley tailings facility failure recommended that all proposed new tailings facilities should include a bankable feasibility study, but “bankable” is not an assurance either.
What should a NI 43-101 include from a risk perspective?
Thus it is reasonable to ask: should an NI43-101 report contain information about critical mine’s facilities (risks) such as tailings, access roads, logistics, etc..? And, if positive, which ones? Should NI43-101 report include holistic convergent scalable and drillable risk assessments? Again, if positive, convergence should cover at least:
We will use examples from large spectrum risk assessments for tailings systems, dumps, road and railroad mining logistic, mining wharves, water, energy, cyber, etc. We will show that risk assessments intended for investors may highlight different conclusions than the ones intended for the corporation or management, although both are based on the same holistic hazard and risk register.
It is ok to read NI43-101 report but don’t think it is enough. If considering investment in a new mine or investment it is time to get the full picture. That includes understanding a few specific points about what risks really matter.
Please visit CIM MES post to register as early as possible as seating is limited.