Risk Mitigation

Risk Management and Mitigation

 

• Geological Risk Assessment: Evaluating the risk of unexpected geological conditions that could affect mining operations or reserve estimates.

 

• Market and Price Risk Hedging: Using financial derivatives to protect against volatility in commodity prices.

 

• Political and Geopolitical Risk Analysis: Assessing the stability of the host country and managing risks related to changes in government policy regulations.

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• Environmental and Tailings Risk Management: Implementing engineering and operational controls to prevent environmental accidents, such as tailings dam failures.

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• TSF and Environmental Protection (EP) Monitoring: Continuously monitoring the stability of tailings facilities and the overall environmental impact of the mine.

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• Health and Safety Risk Assessment: Proactively identifying and mitigating risks to worker health and safety on the mine site.

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• Financial Risk Modeling: Building financial models to stress-test the project's profitability under various economic scenarios.

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• Operational Risk Mitigation: Creating contingency plans for operational failures, such as equipment breakdowns or power outages.

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• Social Risk Management: Proactively addressing community concerns to prevent social unrest or opposition to the project.

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• Natural Disaster Preparedness: Developing a plan to respond to and recover from natural disasters such as floods, earthquakes, or hurricanes.

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• Security Risk Assessment: Evaluating the risk of theft, sabotage, or other security threats and implementing protective measures.

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• Insurance and Indemnification: Securing comprehensive insurance policies and indemnification clauses to protect against losses.

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• Crisis Communication Plan: Having a clear communication plan to manage public perception in the event of an incident or crisis.