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Risk definition is paramount amid tailings problem. A recent example is the Almaden Ixtaca Project, Mexico. We read in a publicly available information: “The mine plan has a dry stack filtered tailings facility, and co disposal with waste rock with no tailings dam, eliminating the risk of a tailings dam failure.” We salute the effort to reduce from inception a source of multiple hazards and hence risks generated by the tailings dam. However we want to discuss a few notions…
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We recently saw of an interesting info graphic about Hollywood Movies Business risks by Easy Life Cover. “Risky Business, Insurance and Hollywood” is its title. Hollywood spends upwards of $200 million dollars on insurance policies annually. The movie business is a high risk business (high probability of non success and/or “failure” and high cost of consequences). Here are a few Examples of Risk and Insurance in the Hollywood Movie Business. Examples of Risk and Insurance in the Hollywood Movie Business Operational…
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We recently became aware of a rather interesting research graphic. It bears the title of “Without Fail”. But Is there a simple way to turn failure into success? We present it below, followed by our comments and suggestions. Source: OnlineMBAToday.com The graphic starts by stating that 90% of business startups fail and 42% of those failures are actually due to lack of market for their products. Additionally I’d like to say, botched plans. No big surprise here, these numbers are “known”…
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Based on data to be found in the CIA world factbook it is easy to find how oil production is shared world-wide among single oil-producing countries. Those are for example members of OPEC. At the end of this post we have added a short summary table with a selection of North African and Middle East producing countries. We present a “political risk” approach to oil pricing and “failures” to produce in this blogpost. Numerous articles have recently shown up in…
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