A new practical approach to risk management for …

In this article, a new practical approach to risk management in mining projects is presented. This approach is based on a novel concept called "hazard …

(PDF) Risk assessment of mining projects in Ghana

mining projects in Ghana. The specific objectives of the study are: (1) identify and rank the risk factors affecting mining projects in based on their degree. of occurrence and impact; and. (2 ...

Managing Risks in the Mining, Minerals, and Metals …

Risk Mapping & Project Risk Management. Utilize a Risk Mapping exercise to assist in the effective delivery of a project (i.e. on schedule & within budget). Align any Project Risk Management approach to the strategy & project objectives. Proactively identify, assess, evaluate (i.e. accept, control, transfer/share) & monitor risks.

A brief review paper on mining subsidence and its geo …

The impact of the mining subsidence has an environmental impact which leads to catastrophic events by destroying properties and even loss of life. The environmental impact is linked with the safety of public health, social relationship, and water and air quality. A.2. Chatterjee et al.

Risk Assessment Methods in Mining Industry— A …

Conclusions. The prepared systematic literature review was aimed at providing a general overview of related research to risk in mining sector. After a search process that yielded 736 results, 94 papers were selected. These papers were strictly related to the area of analysis, assessment and risk management in mining.

The Effectiveness of Risk Management: An Analysis of Project Risk

Specifically, we found that even moderate levels of risk management planning are sufficient to reduce the negative effect risk levels have on project success. Discover the world's research 25 ...

A holistic approach to risk management | McKinsey

To change this picture, leadership must commit to building robust, effective risk management. The project is three-dimensional: 1) the risk operating model, consisting of the main risk management processes; 2) a governance and accountability structure around these processes, leading from the business up to the board level; and …

Risk Analysis in the Mining Industry

Risk Management in Environment, Production and Economy 106 3. Project risk management in the mining industry Up to date, mining industry has not performed well in its ability to deliver projects according to the financial and physical paramete rs forecast in the feasibility study process.

Risk Assessment Methods in Mining Industry— A …

the purpose of this article is to develop a literature review in the area of analysis, assessment and risk management in the mining sector, published in the last …

A classified bibliography of recent research relating to project risk

This document contains a bibliography of recent research relating to project risk management, bringing together relevant research scattered across a range of publications. It considers how success or failure can be defined for a project (more than simple time/cost/technical target achievement). It looks at the historical evidence of …

(PDF) Mining Business Risk Management

The article considers the main risks in the mining industry, analyses the problems of modern systems of risk assessment and management of mining investment projects, methods and sequence of ...

The future of operational risk management | McKinsey

New forces are creating new demands for operational-risk management in financial services. Breakthrough technology, increased data availability, and new business models and value chains are transforming the ways banks serve customers, interact with third parties, and operate internally. Operational risk must keep up with this dynamic ...

Financial Risks and their Management in the Mining …

In addition, digital technologies allow financial risk management, for example, by conducting a credit risk assessment based on biogeography in order to optimize mining rules [8], as well as a classification rule system (CRI) for a qualitative and quantitative approach in bankruptcy forecasting and analysis of credit risk [9].

Organizational Factors and Risk Management in the Mining …

The results of the SLR included the identification of several organizational factors that are common in the mining industry, as well as the existence of a conceptual relationship between ...

Risk Assessment Methods in Mining Industry—A Systematic …

Therefore, the purpose of this article is to develop a literature review in the area of analysis, assessment and risk management in the mining sector, published in …

Project Risk Management in a Major Southern Africa Mining …

The management of risk is essential in engineering projects. This is especially the case in the mining industry where projects, as with other industrial project Project Risk …

Environmental analysis of mining operations: Dynamic …

Mining project number 2 deals with an open pit copper mining project. Both mining projects are located near a village. That village is identified as the sensitive area to protect and it will be the area where environmental analysis will be focused (See Fig. 9). It should be noted that this case study has been developed just to show how our ...

Mining Business Risk Management

The process of managing the risks of a mining enterprise itself is as follows. Questionnaires are filled in, risk factors that can affect the project are determined, the probability of the occurrence of this event and the "weight" of risk, other words, the possible damage from implementation are determined.

(PDF) Identification and categorization of hazards in the …

Article PDF Available. Identification and categorization of hazards in the mining industry: A systematic review of the literature. June 2023. International Review …

Dynamically Managing Mining Risk | Deloitte Insights

Trend 4: Dynamically managing risk From risk registers to strategic risk management. As global volatility rises, mining companies should no longer solely rely on their risk registers to identify critical risks. Systemic issues—such as insufficient risk sensing, a "tick the box" mentality, and complex operating models—are forcing them to ...

Injuries in U.S. mining operations – A preliminary risk analysis

The remaining two steps of the Risk Analysis Stage will be described in more detail. The purpose of the Preliminary Analysis is to undertake an evaluation of the potential risks related to the issue (mishap) being considered. In this study, mishaps are considered as all types of injuries related to mining operations. This stage includes: (a)

A review of sustainable mining and resource management: …

The current sustainable mining framework and related metrics clearly focus on the mining operations realm, despite much exploration in the literature of the life cycle of mined materials. For example, MMSD ( IIED and WBCSD, 2002 ) dedicates an entire chapter to an integrated approach to mining which takes into account recycling, life …

(PDF) Process Mining in Governance, Risk Management

Numerous studies increasingly investigate the application of process mining in governance, risk management, compliance, and auditing in response to changing business processes brought about by ...

Evaluation and Risk Analysis of Open-Pit Mining Operations

Mining of raw materials is a process that consists of several stages. In open-pit mining, material with high compressive strength is extracted by drilling and blasting and material with low compressive strength is extracted by e. g. a bucket wheel excavator. Most important influencing factors for crusher decision are compressive …

Risks and Opportunities for Mining

This report offers deep insights into the views of mining leaders from around the world and the significant risks, challenges, threats, and opportunities ahead for us all. Risks and Opportunities for Mining. This survey reveals an optimistic sector confidently dealing with new challenges in 2021.

A review of methods for integrating risk management and …

The presented risk management models have explored both quantitative and qualitative assessments of risks and their impact on the PMLU decision. The integration …

Climate risk perception, management, and adaptation in …

1. Introduction. Climate, especially a changing one, is a critical factor for mining. Changing climatic conditions can directly affect operations at mining and mineral processing sites, but they can also have effects on related infrastructure, the surrounding environment, pre-mining and post-mining activities, and value chains in the mining …

Engineering complex systems applied to risk management in …

Risk management faces demanding challenges when approaching specific and endogenous needs, such as the mining sector. This paper presents a multivariable …

(PDF) A mining project is a field of risks: A …

Total risk management of a new project remains a goal to be attained so as to enhance reliability of decisions and make mining …

Risk management and mining – developments and trends …

The traditional focus on safety has expanded to encompass the social and environmental effects of mining and mineral processing, and risk management has made its way into project planning and investment analysis, as well as being a central plank of good corporate governance. Formal risk management practices now extend to all aspects of …

Risk management for a tailings re-mining project in Ghana

Purpose – Proper risk management is a critical requirement for the success of every project. This is, to a large extent, due to the role risk plays in determining project outcomes. The mining ...

Integration of OHS into Risk Management in an Open-Pit Mining Project …

Despite undeniable progress, the mining industry remains the scene of serious accidents revealing disregard for occupational health and safety (OHS) and leaving open the debate regarding the safety of its employees. The San José mine last collapse near Copiapó, Chile on 5 August 2010 and the 69-day rescue operation that followed in order to save 33 …

A new practical approach to risk management for underground mining

Badri et al. proposed a new scientific and practical approach to risk management in mining projects based on a new concept called "hazard concentration" using multi-criteria analysis. Their study ...

RISK ASSESSMENT AND ITS MANAGEMENT IN …

Risk Assessment tools are used to help to prevent major hazards in mining industry, e.g., fire, explosion, wind-blast, outbursts, spontaneous combustion, roof instability, chemical and hazardous substances, etc., from injuring miners. The structured process associated with risk assessment helps to characterize the major hazards and evaluate ...

Safety and Occupational Health Management System in Mining …

7.2.1 Material. Ten components and 5 security management tools that are part of the 27 chapters, 8 subchapters of the Title III, annexes and guides of D.S. N° 024-2016-EM and the articles modified by D.S. N°023-2017-EM, which were consolidated into priority tables and a value judgment was established for each of the components and …

What Is Risk Management & Why Is It Important? | HBS …

4 Reasons Why Risk Management Is Important. 1. Protects Organization's Reputation. In many cases, effective risk management proactively protects your organization from incidents that can affect its reputation. "Franchise risk is a concern for all businesses," Simons says in Strategy Execution. "However, it's especially pressing for ...

Climate risk and decarbonization: What every mining CEO …

Water stress. Climate change is expected to cause more frequent droughts and floods, altering the supply of water to mining sites and disrupting operations. We recently ran and analyzed a water-stress and flooding scenario using McKinsey's MineSpans database on copper, gold, iron ore, and zinc. 3. We found that today, 30 to …