catastrophic failure probabilities Archives

Open pit walls catastrophic failure probabilities for a captive insurance

Four or five years ago an insurance company asked us to estimate open pit walls catastrophic failure probabilities for a captive insurance. A that time of our study recent publications of pit wall failures databases we not yet available. Like we did for tailings dams failures in 2013 we used approximate data we found, i.e. a sample portfolio of forty open pits records and a table from a 1996 Swedish with 24 open pit failures research. Open pit walls catastrophic…