We started reading the ICMM Guidance and Conformance protocols with great interest and were pleased with a number of specifications we saw. Of course, an endeavor of this magnitude and scope will stir a lot of interest in the mining world. From our end, given our long experience in tailings system risks, we could not resist to compare the protocols to our day-to-day practice. We noted areas where more detailed explanations would likely benefit the mining industry and the public.…
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Predict business startups success example How to do it ORE applied to Startups development came up when we read examples of “archival analyses” on startups. Researchers used data mining to show that: board “age”, “gender”, “capital”, “IP” and finally “race” have insignificant effects (after 5 years) on either merger/acquisition rate OR survival of operations of startups. Those results left the authors of the research (Kaufmann Foundation) with the feeling that “something was missing” in this type of analyses. Those results…
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Optimum Risk Estimates, ORE ORE starts by asking its users to model the systems using a «fractal like» tile modelling tool (we call them jokingly “risk-engineering Lego”) which helps defining external and internal hazards and focuses the user attention to the interdependent performances of each node. ORE value proposition can be summarized as a quantified FMEA with the systematicity of a HAZOP, without the necessity to delve into the smallest components, at first, as ORE analysis/hazard identification is SCALABLE. Within…
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