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TCFD and TNFD for mining

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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Impact of climate change change projections on tailings dams survivability

Impact of climate change projections on tailings dams survivability is the paper we presented at #CIMBC22 Climate Change and Tailings Management. The authors are M. Gloor, G. Halter, of Correntics (Correntics – we make global supply chains future proof) and Cesar and Franco Oboni. Image by TheOtherKev from Pixabay The session was brilliantly chaired by George Hemingway of Stratalis Three papers on Climate Change and Tailings Management  Charles Dumaresq presented the protocols for climate change consideration in mining projects. The…

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What lies ahead?

What lies ahead? Well, first of all we wish all the serene and fruitful 2022 we all deserve despite the uncertainties looming. Of course our thoughts go to those who in 2021 endured hardship both physical, mental and economic. May the future bring to you and your Families some solace. In these troubled times we keep a very high level of alert with respect to the global sanitary and geopolitical situation to steer toward safety. The situation is to say…

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Convergent quantitative Entreprise Risk Management on Divergent Risks

Convergent quantitative Enterprise Risk Management on Divergent Risks is an extension of our recent discussion on business interruption risk profiles. The example we discuss is present in: our last book Convergent Leadership-Divergent Exposures Climate Change, Resilience, Vulnerabilities, and Ethics an article at CIM 2021 about Concentrate Transportation From Mine to Market is Critical to Mines’ Profitability Setting the scenario for Convergent quantitative Entreprise Risk Management on Divergent Risks Suppose a corporation owning and operating three chemical plants sends their products…

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Pit failure at Codelco Ministro Hayes in Chile

We read about the recent pit failure at Codelco Ministro Hayes in Chile. We have also read that there will be no impact on the mining operations in this particular case but that is not significant in today’s proposed discussion. This failure is particularly interesting for Riskope as we recently performed a ORE2_Slopes quantitative risk assessment on a large open pit mine in Austral Africa. For a change the client mining company and the mine location are confidential. By the way,…

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Data required to run ORE2_Tailings

Now that the last eight blogposts (General ORE2 tailings workflow, ORE2 tailings technical explanations, first steps ORE2 tailings workflow , ORE2 tailings deployment steps , ORE2 tailings results, ORE2 tailings RIDM , ORE2 tailings tactical and strategic, ORE2 tailings conclusions) have shown the capabilities and results, let’s see the data required to run ORE2_Tailings quantitative risk assessments compliant with GISTM and ISO 31000. A few words on ORE2_Tailings™ methodology ORE2_Tailings™ is a subset of the “universal” ORE platform specific to Tailings…

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ORE2 tailings conclusions

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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ORE2 tailings RIDM

We split this Chapter in two sections: section 10.1 discusses what actions one can take to enhance the knowledge base. These are obvious “simple” procedural mitigations. Thye lead to better understanding of the risks and/or to mitigate them. Section 10.2 shows how one can deploy ORE2_Tailings™ during the mitigation design process. That is in order to support decision-making. The goal is to define rational and sustainable risk mitigation programs. This process has to occur in parallel with the design by…

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