Jorge Avila Santamaria’s Post

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⚒ What are the current challenges and trends in the #mining industry in terms of #RiskManagement? 🛡 How can the #MiningIndustry leverage bowties for risk management? 💡 We sat down with David Howe, President and Managing Director of the consulting firm Site Safety Inc. and one of our #Bowtie Suite partners, to talk about these questions and more. David also shares details about his extensive experience in the mining industry. Read part 1 of the Q&A article 👇 #BowtieMethod #BTXPEnterprise https://lnkd.in/e3mnAccs

🚠 Integrating Advanced Risk Analysis in Mining: Insights for the McClintock Group Community As the McClintock Group , our commitment to excellence in the mining industry includes staying ahead in managing the diverse risks our sector faces. Drawing insights from Ingrid Horvath's informative piece, "Top 5 Risk Analysis Methods That You Should Know," we recognize the critical role of risk analysis in enhancing our operations and safeguarding our projects. 🚀 - WHY FOCUS ON RISK ANALYSIS? In mining, like in other industries, understanding and mitigating risks are pivotal. Horvath's article highlights this need, especially in the increasing threats businesses face today. For us in mining, risks extend from environmental factors to market volatility, making robust analysis methods indispensable. 🔑 - KEY TAKEAWAYS FOR MINING: 1) DELPHI TECHNIQUE: Tailoring this method for mining-specific risks allows for collaborative and expert-driven identification of potential challenges. 2) DECISION TREE ANALYSIS: Essential for exploring different outcomes in complex mining operations. 3) PROBABILITY AND CONSEQUENCE MATRIX: A quantitative approach to rank and manage risks based on their impact and likelihood. 4) SWIFT ANALYSIS: Adaptable for assessing risks arising from changes in mining projects. 5) BOW-TIE ANALYSIS: Effective in breaking down risks and creating actionable mitigation strategies. 🔗 - FULL ARTICLE: For an in-depth understanding, we encourage reading Horvath's full article here. https://lnkd.in/gGKTbe9p By adapting these methodologies to our unique mining context, we at the McClintock Group continue to lead with resilience and innovation. We're dedicated to advancing our projects and sharing knowledge that benefits the broader mining community. #McClintockGroup #MiningIndustry #RiskAnalysis #InnovationInMining #Mining #BestPractices

Ever considered the risks in the mining industry? Our Snowden Optiro’s Executive Consultant, Matt Mullins thoroughly explored this "risky" business during a recent lecture at Wits University (University of the Witwatersrand) in Johannesburg to students.   During his presentation 'Compliance and Reporting Rules in the Minerals Industry – Risk Assessment', Matt highlighted crucial risk factors, including Mineral Resource Risk, Mineral Reserve Risk, Mineral Asset Valuation Risk, and Project Development Risk. Matt’s lecture shed light on the multifaceted nature of risks within the industry, emphasizing uncertainties, especially concerning investments and expected outcomes. It's a powerful reminder that while mining is undeniably vital, it comes with a calculated element of risk.   If you’d like to learn more about risk assessment for your mining project or operation, don't hesitate to connect with Matt: https://lnkd.in/gbSeTfKg Training for Mining Industry - Snowden Optiro   #snowdenoptiro #miningindustry #resourceoptimization #riskassessment #mineralreserves #projectdevelopment #witsuniversity #futureengineers

Building Resilience: Project Management's Response to Global Challenges in Mining Tshepa Basadi is building resilience in the face of global challenges. Our robust risk management strategies and contingency planning ensure readiness for uncertain times in the mining industry. Explore how we're preparing mining companies for the future. #TshepaBasadi #BusinessResilience #RiskManagement #GlobalChallenges #PandemicResponse #ScenarioAnalysis

We’re exploring the next frontier in mining and the potential of #ModularMines. Discover how these adaptable setups could redefine risk management, enhance ESG commitments, and drastically reduce costs. Read our latest #Mining insight to understanding the evolving landscape where sustainability meets innovation. Find the full article here: https://ow.ly/ELZo50QF0o6 #riskmanagement #riskengineering

As mining activities expand across Africa, water risk management becomes increasingly crucial. This article explores the rising challenges and strategies to address water risks in the mining sector. Discover how industry leaders are working to ensure sustainable water use and protect vital resources. Read the full article: https://lnkd.in/dgC9JSFM #SustainableMining #WaterManagement #MiningInAfrica #NamibianMiningReview

We’re exploring the next frontier in mining and the potential of #ModularMines. Discover how these adaptable setups could redefine risk management, enhance ESG commitments, and drastically reduce costs. Read our latest #Mining insight to understanding the evolving landscape where sustainability meets innovation. Find the full article here: https://ow.ly/ELZo50QF0o6 #riskmanagement #riskengineering #wtwperspective #wtw

Australia is home to one of the leading mining industries in the world. While the sector is also one of the largest industrial sectors within the country, the importance of risk management in this sector for Australia cannot be understated. The country ranks among the top for iron ore, zinc, nickel, and cobalt and is also the top producer of lithium, with an estimated production of 355.1 Mt of lithium carbonate equivalent (LCE) in 2022. This places Australia as a key contributor to the global transition to clean energy. In our latest blog post, we analyse the importance of risk assessment in the mining industry and provide insights on the risks faced by mining companies in 2023, along with strategies to mitigate these risks. If you’re in the mining industry or have a keen interest in knowing how the industry works, this article is a must-read. #MiningIndustry #RiskManagement #Risks #Strategies #SECTARA Julian Talbot, FRMIA FISRM CISSP SRMCP Konrad Buczynski

In the inherently risky environment of mining, effective risk management is essential for safeguarding personnel, assets, and the environment while maximizing operational performance. Drawing from literature, mine managers can implement robust risk management frameworks to identify, assess, and mitigate risks proactively. By integrating these frameworks into their planning processes, mine managers can proactively identify and mitigate risks, fostering a safer, more resilient, and sustainable mining operation. In conclusion, effective planning is indispensable for mine managers to navigate the complexities of the mining industry and drive operational success. By leveraging insights from literature and adopting best practices in production scheduling, resource allocation, and risk management, mine managers can optimise their planning processes and achieve superior operational efficiency. #Mining #OperationalEfficiency #MinePlanning #ResourceManagement #RiskManagement #ProductionScheduling Sources: Deloitte Insights - Managing Mining Risk Dynamically Managing Mining Risk | Deloitte Insights: https://lnkd.in/e652DPib International Journal of Modern Research in Engineering and Technology (IJMRET) - Project Risk Management in Mining: https://lnkd.in/ebYYS9zk RISK MANAGEMENT HANDBOOK FOR THE MINING INDUSTRY: https://lnkd.in/eCBefSup Marsh - Managing risks across the mining enterprise: https://lnkd.in/euaDSeCF