TCFD and TNFD for mining: concepts, examples and caveats, is the paper we presented at #CIMBC22 Mineral Economics and Finance. Photograph provided by: Adolfo Tribst Corrêa We asked the audience if they were familiar with the: Task Force on Climate Related Financial Disclosure (Task Force on Climate-Related Financial Disclosures | TCFD) (fsb-tcfd.org) and Task Force in Nature-related Financial Disclosure (TNFD – Taskforce on Nature-related Financial Disclosures). Only a couple hands rose. Significant points of our discussion on TCFD and TNFD for…
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Today we present the review of Credibility Crisis, Brumadinho and the politics of mining industry reform. The authors of this book are A. Hopkins and D. Kemp, 2021. To be precise, we focus our discussion on the process and choices that finally shaped the GISTM, as the authors report them, rather that on the opinions the authors express. Indeed, as the book makes it clear, not all voices had the same weight during the process and the Panel deliberations. Overall,…
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This series of eight blogposts is a summary of what a standard ORE2_Tailings™ quantitative risk assessment deployment report includes. Indeed, the ultimate goal of the report is Risk-Informed Decision-Making (RIDM) support for the owner and the EoR. As a matter of fact the methodology is compatible with ISO 31000 and of course ICMM GISTM. The ORE2_Tailings™ deployment uses archival documents supplied by the client for each Tailings Storage Facility (TSF) and finally related dams and written Q/A sessions The report…
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Dam portfolio ORE2_Tailings support for ICMM standard on tailings management (GISTM) is multifaceted. ORE2_Tailings™ is a risk assessment platform specifically Riskope designed specifically for tailings systems. When we deploy it to a portfolio of dams, possibly over multiple properties, it allows for tactical and strategic planning. We have already discussed the single dam case in relation to ICMM • Global Industry Standard on Tailings Management (2020) and the conformance protocols. Today we present an example of deployment at portfolio level.…
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ORE2_Tailings supports ICMM global industry standard on tailings management conformance (GISTM). ORE2_Tailings™ is a risk assessment platform specifically designed for tailings systems created by Riskope. We recently published the notes we took while reading ICMM guidance and conformance protocols. In that text we stated that ORE2_Tailings™ anticipated the requirements of ICMM GISTM. Indeed, the threads of our publications, which culminated with Tailings Dam Management for the Twenty-First Century shows that evolution. Today we bring to your attention an example…
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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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On Wednesday August 5th ICMM, UNEP and PRI launched the Global Industry Standard on Tailings Management. In this blogpost we offer some comments on the Global Industry Standard on Tailings Management. We salute this initiative that we have supported already at draft level. Indeed, at that time we wrote our comments and notes via email and online portal. That was following the public Consultation invitation which gathered a total of 629 responses. The consultation report We found the Global Tailings…
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Mining water stewardship can avoid the industry running into a global crisis. The Global Risk Report of World Economic Forum (WEF) has indeed identified water as one of the top five risk generating scenarios that could most impact society over the next decade. Mining Water Stewardship The International Council for Mining and Metals (ICMM) has developed guidance documents on responsible stewardship. Mining water stewardship is not only altruistic. Mining operators that do not address water issues may have unacceptable returns…
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