Reducing risk in mining

How digital innovation can improve mining productivity ...

The global mining industry is under pressure. In the short term, falling commodity prices are squeezing cash flow. ... increase labor productivity and to work in conditions that humans would not be able to tolerate due to heat and the risk of rock-face collapse. ... And it is the outcome that moves the mining industry closest to reducing and ...

Top 10 business risks facing mining and metals 2016–2017

cash optimization is the No. 1 risk facing mining and metals companies in 2017, especially given the limited demand and pricing visibility in the wake of market volatility. Cash optimization encompasses the risk of price and currency volatility, which was ranked No. 6 in 2015–2016. In the current environment, securing

FNEMC Releases Report: Reducing Risk of Mining Disasters ...

 · (Source: Reducing the Risk of Mining Disasters in BC p 1; QUOTES: “B.C.’s First Nations are on the front line of mining’s environmental impacts and must have a say in how the financial assurance scheme is structured. Disasters like Mount Polley impact our way of life and the environment is devastated for years to come.

Reducing Risk In Precious Metal Mining Stock Portfolios ...

 · Reducing Risk In Precious Metal Mining Stock Portfolios. ... Diversification across the different stages of mining projects can lower risk, and different weightings can modulate it.

Mining spotlight on: Sliding productivity and spiraling costs

Mining spotlight on: Sliding productivity and spiraling costs Strategies for reclaiming efficiency in the mining sector Over the past year, mining executives have received one message, loud and clear: markets will no longer tolerate production at any cost. During the height of the mining boom, record-breaking commodity prices notionally

1.1 PHASES OF A MINING PROJECT - Home | ELAW

1.1 PHASES OF A MINING PROJECT There are different phases of a mining project, beginning with mineral ore exploration and ending with the post-closure period. What follows are the typical phases of a proposed mining project. Each phase of mining is associated with different sets of environmental impacts. 1.1.1 Exploration

Measuring mining safety with injury statistics: Lost

Total risk in the form of lost workday sums can help to distinguish between lower and higher risk operations or time periods. Method: Our method was to use a beta distribution to model the losses and to compare underground coal mining to underground metal/nonmetal mining from 2000 to 2004.

Top 10 Safety Hazards In Mining

Top 10 Safety Hazards In Mining – and how to control them. New article by Ruth Jenkins. See all of Ruth’s highly recommended safety articles here: Sina Solutions. Extract: I have been working in the mining industry since 1989. My journey has been an Interesting one and it’s hard to believe that I am now in my third decade in this mining ...

Safety and Health Topics | Ergonomics - Solutions to ...

Mining. Ergonomics in Mining: Charting a Path to a Safer Workplace . DHHS (NIOSH) Publication 141, (September 2006). Provides information on ergonomic processes which can be implemented in a setting such as mining where working conditions frequently change and workers are periodically exposed to extreme weather conditions.

Reducing Regulatory Risks & Achieving Third-Party ...

As this list makes clear, third parties provide critical services for mining companies. It would be impossible for mining companies to operate without third parties. Download The White Paper: Reducing Financial And Reputational Risks And Achieving Third-Party Compliance In Mining. Regulations Affecting Mining Companies

Social development and mining : reducing risk, improving ...

Social development and mining : reducing risk, improving governance, and contributing to local development (English) Abstract. When the price of commodities inevitably rebounds in the future, mineral rich countries will be presented with a major opportunity to harness the power of mining revenues for sustainable development.

Quality Control: Reducing Risk in Exploration and Mining

This course ties theory to practical application – from conducting timely quality control in the field to interpretation and concise reporting of results. The course includes an overview of sample theory, key principals of quality control in exploration and mining, and the statistical tools required for effective analysis of results.

Data Mining and Procurement Cards: Using Technology to ...

During the training, I shared that we have been using technology to help mitigate these risks. This technology can also help reduce risk in many other areas as well, including payroll and disbursements. The Issue with Procurement Cards . Procurement cards are becoming a more common method of simplifying the purchasing process.

Reducing environmental risks from mining in British ...

August 4th, 2019 marks the five-year anniversary of the Mount Polley mining disaster. Another type of mining risk is the subject of a live policy discussion in B.C. right now: the risk of mines not getting cleaned up at the end of their lives. ... Reducing environmental risks from mining …

Safety and Health Topics | Ergonomics - Solutions to ...

Mining. Ergonomics in Mining: Charting a Path to a Safer Workplace . DHHS (NIOSH) Publication 141, (September 2006). Provides information on ergonomic processes which can be implemented in a setting such as mining where working conditions frequently change and workers are periodically exposed to extreme weather conditions.

7 Safety Tips to Reduce Mining Accidents

Working in mining is risky business. Earlier this year, a man was killed in an accident at a copper mine in Australia. Another accident at a coal mine in southwest China claimed 22 lives. In fact, China has some of the most dangerous mines in the world, and authorities have scrambled to try to ...

Data Mining and Procurement Cards: Using Technology to ...

During the training, I shared that we have been using technology to help mitigate these risks. This technology can also help reduce risk in many other areas as well, including payroll and disbursements. The Issue with Procurement Cards . Procurement cards are becoming a more common method of simplifying the purchasing process.

How to reduce exploration risk to zero – MINING.COM

The new mining legislation in Peru has created a perfect storm of opportunity for Inca One (TSX-V:IO) – a Canadian-based resource company with a gold milling facility in Peru. Bucking a downward trend in junior precious metal companies, IO’s share price is pushing a week high.

How to reduce risks in contractors' management - PMI

When organizations hire contractors to perform specific project activities, project managers are taking on the additional risk and responsibility that comes with managing the work of outside vendors. This paper examines how project managers can reduce the risk involved in working with contractors, specifically those contractors who provide services on construction projects.

Reducing Musculoskeletal Risk in Open Cut Coal Mining

or minimising exposure to these risk factors, the open cut coal mining industry can reduce the risk of its workers developing musculoskeletal injuries. Reduction of the severity of risk factors overall, even when one specific risk factor may not be

Six strategies for cutting political risk in mining projects

 · This has the added benefit of reducing your dependency on the local power utility, thus reducing the associated political risk. Additionally, road sharing with a nearby extractive industry can reduce both the physical footprint and the permit red tape required (and, of course, the potential for political repercussions).

How to reduce risks in contractors' management

When organizations hire contractors to perform specific project activities, project managers are taking on the additional risk and responsibility that comes with managing the work of outside vendors. This paper examines how project managers can reduce the risk involved in working with contractors, specifically those contractors who provide services on construction projects.

Mining Due Diligence: Reducing Risk as an Investor

Mineral exploration is an investment, and like any investment, due diligence is the key to reducing risk. With so much hype and focus on potential returns in the millions or even billions of dollars it is easy for investors and potential investors to lose their grip on reality and the basic economics that are a driving force behind any mining project.

Risk Management in the Mining Industry | Resolver

Risk Management is Essential for Mining Industry to Capitalize on Opportunities. By Resolver Modified Febru. The mining industry has always been a risky one, with worker safety concerns representing only a portion of the challenges. Increasingly strict regulations, the reliance on technology, inconsistent demand for raw materials ...

Reduce risk of collisions : underground mining | Newtrax

Discover our reduce risk of collisions solution for underground mining and learn more about its features and benefits. Contact us for a customized quote! Discover our reduce risk of collisions solution for underground mining and learn more about its features and benefits. Contact us for a customized quote! Newtrax Technologies Inc.

Solutions to Mining Industry Risk Challenges

Risk Management is Essential for Mining Industry to Capitalize on Opportunities. By Resolver Modified Febru. The mining industry has always been a risky one, with worker safety concerns representing only a portion of the challenges. Increasingly strict regulations, the reliance on technology, inconsistent demand for raw materials ...

Six strategies for cutting political risk in mining projects

 · This has the added benefit of reducing your dependency on the local power utility, thus reducing the associated political risk. Additionally, road sharing with a nearby extractive industry can reduce both the physical footprint and the permit red tape required (and, of course, the potential for political repercussions).

8 Methods for Reducing Claims | Reducing Construction ...

Chief Operating Officer, Independent Project Analysi, Inc. One in four projects in the construction industry has a claim. Claims are costly, lead to delays and damaged relationships, but they are avoidable. Strategies and practices can be used to reduce the frequency of claims, because a number of ...

Managing credit risk for global commodity producers

Managing credit risk for global commodity producers C. Managing the credit risk process Using external credit ratings Utilising international rating agency information from Moodys and S&P is a key element of a sound credit management methodology. Investment grade ratings provide the yardstick for acceptable counterparty risk and

Mitigating Off-Strategy Risk: Mining Industry Risk ...

2 • Mitigating Off-Strategy Risk: Mining Industry Risk Challenges and Solutions INTRODUCTION 2014 was a tumultuous year for the global mining community – with 2015 shaping up to prove equally challenging. Global demand for a range of commodities has stuttered – while the investment boom of 2007 to 2012 has begun to deliver a wall of new ...

Solutions to Mining Industry Risk Challenges

Mining companies have an impressive track record for delivering continuous improvements in safety and risk governance standards. We have no doubt that the professionalism and expertise present within the industry will ensure that any new and emerging risk challenges …

Using simulation for reducing risk of a Mining ...

Using simulation for reducing risk of a Mining optimization project Article in International Journal of Simulation Modelling 8(3): 177 · September 2009 with 39 Reads How we measure 'reads'

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