Tailings Dams Review Boards and Inspection Reports

Tailings dams review boards and inspection Reports exist because of a voluntary effort by the mining industry to improve and mitigate dams “issues”. In addition, mining companies are under pressure to be more transparent on their “issues”. We discuss below the term “issue”.   UNEP 2017 report and more recently Church of England initiative and ICMM “global code” are all expressions of this growing pressure. Thus, mining companies are requesting the publication of Tailings dams review boards and inspection Reports. Publication…

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1 way to reduce the number of Due Diligence blunders (DD) in Mergers & Acquisitions (M&A) and other transactions

In this post we look at the 1 way to reduce the number of Due Diligence blunders (DD) in Mergers & Acquisitions (M&A) and other transactions. Due Diligence Due Diligence (DD) is ubiquitously considered to significantly contribute to informed decision-making. That’s because it enhances the amount and quality of information available to decision makers to evaluate “all” costs, benefits, and risks of, for example, an acquisition, merger or an investment (Chapman, 2006). Due diligence definition is “reasonable steps taken by a…

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Misleading risk assessment leads to Thames Water to pay £86m for overestimating flooding risks

Thames Water, UK’s biggest water company reportedly misreported the number of properties at high risk of sewer flooding between 2005 and 2010 leading to recording more properties at higher risk than there was evidence to support. This lead to overestimating flooding risks. The company reportedly did reduce the risk of sewer flooding at the homes of a large number of its customers. It also reduced misreporting likely led to poorly targeted and inefficient mitigative allotments financed by its customers. Misleading risk…

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