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Risk definition is paramount amid tailings problem

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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Examples of Risk and Insurance in the Hollywood Movie Business

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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Is there a simple way to turn failure into success?

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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A “political risk” approach to oil pricing and “failures” to produce

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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