Episode Details
Back to Episodes
Understanding the Impact of Tailings Failures and Mitigating That Risk with Iain Pickard and Edwards Haslam
Description
In this episode, we chat with Iain Pickard (Partner) and Edward Haslam (Head of Mining) at Strategia Worldwide who help clients build resilience and protect value by understanding, testing, and managing risk in various industries, including mining.
In this important episode, we discuss their 24/7 tailings monitoring solution they are rolling out. Managing tailings risk using a global standard. We talk about what companies need to do to comply with the new Global Industry Standard for Tailings Management and the technologies that are available to help with addressing the requirements.
KEY TAKEAWAYS
- Strategia has about over 120 senior advisors and associates located around the world.
- They are drawn from different areas of the industry so have expertise in every facet of mining and every mining region.
- Mine owners regulators and investors are collectively invested in finding ever safer Tailings Storage Facilities (TSF)
- In many ways, legacy dams are at a higher risk than operational ones. Yet nobody is sure knows how many of these dams exist.
- TSS failures impact everyone. Including uninvolved mines that see their costs soar and experience more resistance to their activities.
- In Chile, from next year, 24/7 monitoring of TSFs will be obligatory. This approach is increasingly the norm across the world.
- Some insurance companies have already withdrawn from mining because of TSF related risk. Others not not provide D&O cover that includes TSS failure.
- An independent “what-if” study alerts firms to risks that they have not previously considered and can tee up the monitoring system.
- Every site is different, there is no one-size-fits-all TSF monitoring solution; it needs to monitor the risks to the facility using the best suited sensors.
- In areas where 4G is not available, satellite comms systems are a viable alternative.
- Firms need to review their TSF maintenance and ask the right questions. Many of which are shared in the podcast.
BEST MOMENTS
‘Currently, TSF risk is virtually impossible to insure.’
‘It (TSF monitoring) is becoming a regulatory issue.’
‘Using the right technology, you can actually ensure 24-hour consistent, constant monitoring, of your TSF’
EPISODE RESOURCES
Website: https://www.strategiaworldwide.com/
VALUABLE RESOURCES
mailto:rob@mining-international.org
https://www.linkedin.com/in/rob-tyson-3a26a68/
http://www.mining-international.org
https://twitter.com/MiningConsult
https://www.facebook.com/MiningInternational.org
https://www.youtube.com/channel/UC69dGPS29lmakv-D7LWJg_Q?guided_help_flow=3
ABOUT THE HOST
Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first world to third world countries from Africa, Europe, Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidate