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|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.
|Event:||A step by step guide to gaining competitive advantages for projects and operations.|
|Date/Time:||09/07/2017 - All Day|
|Location:||Imperial College London, Kensington, London , UK|
A step by step guide to gaining competitive advantages for projects and operations:
From the authors of Improving Sustainability through Reasonable Risk and Crisis Management (2007) and The Long Shadow of Human‐Generated Geohazards: Risks and Crises (2016), in conjunction with the Managing Risks across the Mining and Oil & Gas Lifecycle conference to be held at Imperial College London, a course beneficial for all who have to:
A step by step guide to gaining competitive advantages for projects and operations
A step by step guide to gaining competitive advantages for projects and operations is a hands-on exercise based on a real-life case history of a 60Mm3 dry asbestos tailings dump’s environmental rehabilitation at the Balangero Asbestos Mine (N-W Italy). The competitive bid for the project, was won by an engineering group supported by step by step disciplined risk assessments. Thus it was demonstrated that including quantitative 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 with great benefit to society at large.
Together we will work through all the phases of the approach (based on the ORE methodology -Optimum Risk Estimates- ©Oboni Riskope Associates Inc.) including:
Important additional information
We will look at all technical aspects as well as “soft-issues” related to the definition of criteria, risk communication, definition of tolerance, possibly working out some role-plays using decision-makers and board members archetypes.
No special requirements:
There is no need for participants to be conversant in probabilities or statistics and there will be no “theory” or “maths” discussions unless the majority of the delegates requests these themes to be explored a bit more.
Who should participate:
This course is for all who have to design, permit, construct, operate, insure and perhaps close a geo-environmental facility of any kind, but also, more specifically waste rock/tailings dump, or spent heap leach pads in the XXI century.
Upon completion, participants will be better equipped to manage complex geotechnical/ geological projects, in accordance with current best management procedures, including:
Schedule and ToC: