Mining Now ft Riskope | Risk Assessment and Optimum Risk Estimates (ORE) with Dr Franco Oboni

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Mining Now ft Riskope | Risk Assessment and Optimum Risk Estimates (ORE) with Dr Franco Oboni

Riskope believes that through risk information and science they can better the world. Their mission? Increase value, sustainability for clients by giving them leading competitive edge through 360-understanding of risks and rational mitigative roadmaps. Risk assessments have to put all the risks “under the same roof”, be convergent, avoid “siloes”, include interdependencies. That’s what they do with their flagship methodology called ORE, Optimum Risk Estimates (©Oboni Riskope Associates Inc., 2014-*)

Risk, at the level Riskope practices it, is a decision-making instrument. So, for example, in the present country’s situation is it more valid for the best of society to allow people to get sick to a certain allowable rate? Or is it more valid to preserve health and shut down the economy? That is a conundrum that can be solved using quantitative risk assessment methodologies.

An ORE risks assessment looks at the hazards, like an epidemic or man-made errors, hitting any area of a company, project, or operation. For mining, ORE risk assessments allows companies to prioritize their risks, hence allocate their mitigative capitals in the best possible way, based on available data.

A mine is a complex system, containing pits, tailings dams, roads, possibly railroads, and energy. Riskope tackles the system from corporate level down to single areas such as for example tailings dams. The subset of ORE dedicated to tailings dams is ORE2_Tailings™.

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