Mining

The Challenge
In today’s ultra-competitive resource sector, mining companies face increasing pressures to improve global competitiveness, operate with sustainable development principals in mind and protect shareholders and community members. To meet these demands, mining companies must reduce costs, ensure the safety of the environment and their employees; meet regulatory and audit requirements and become a value-added partner to the governments and communities they work with.

From strategic level business planning and strategy development to mine site-level risk management, the seamless integration of risk management across the enterprise ensures shareholder and community confidence, lowers the exposure to risk and helps improve access to resources for future expansion.

A major requirement in today’s global mining business is the operating principal of Sustainable Development or SD. SD requires a 100% focus on managing risks that may pose a threat to the operation, the employees or the community. Today, mining companies and their managers need access to critical information for business planning, risk reduction and operational excellence. The ability to understand where your risks are and what is being done about them is vital to understanding your overall risk profile and improving operating margins.

The question is, how do you get a global view of risk when risks can come from so many areas of the business?

Risk is not the responsibility of one group. It can come from Health & Safety, Security, Operations, Projects, Audit, Legal, HR, Finance or any other department in the company. Gaining visibility, standardization and governance over the risk from these various sources drives your ability to manage your business.

Business Planning & Strategy: To strategically plan your business you must be aware of the risks that could impact your goals. If your goal is 10% reduction in costs you must be able to identify and manage all items or events that may impact that goal. Being able to clearly understand your risks through Risk Registers, Global Analytics, and Integrated Risk Profiling gives you a competitive advantage. In addition, planning and understanding your risk profile is a key component for driving investment and ensuring sustainable development.

Business Unit or Site Level Risk Management: Risks & hazards come in many formats at a mine site: confined spaces, electrical, legal compliance, audit, mechanical, chemical, regulatory compliance, pressure (air, water, gases), site security, noise, thermal, radiation, body mechanics, biological and the ever-present force of gravity. All of these must be understood and managed on a proactive basis to ensure zero harm and sustainable development. Whether you’re the site GM or a functional superintendant, understanding and managing risks across your business drives production, ensures the safety of your workforce and lowers your costs. Ensuring your business standardizes the ways it identifies and analyses risks is a core component of effective risk management. Additionally, being able to drive responsibility and accountability for risks across the site ensure all risks are appropriately management and mitigated.

Across today’s complex mining companies many types, methods and tools for risk assessment are needed to identify and analyze, mitigate and monitor risks across the business. Below is a small selection of the methods used to manage risk in mining:

Job Safety Analysis (JSA)
Process Hazard Analysis (PHA),
Hazard Analysis (HAZAN),
Human Factors Analysis (HFA),
Workplace Risk Assessment and Control (WRAC),
Bow-Tie Analysis,
Incident Management (IM),
Management of Change (MOC),
Quantitative Risk Analysis (QRA),
Emission Control Analysis,
Security Vulnerability Analysis (SVA),
Fault Tree Analysis (FTA),
Failure Modes & Effects Analysis (FMEA),
Event Tree Analysis (ETA)
Environmental Impact Studies
Loss Time Injury Reporting
Human Error Analysis (HEA)
Reliability Centered Maintenance (RCM)

The ability to seamlessly integrate and utilize all of these risk management tools and methods to provide a functional, real-time profile of your companies risk is fundamental to understanding and mitigating those risks across the business.
The Dyadem Solution
To accurately and proactively identify, assess, mitigate and monitor risk, mining companies need clear visibility, governance and accountability over risk. Dyadem's Operational Risk Management (ORM) solutions were developed in collaboration with leading mining companies to help identify, assess and mitigate risks throughout the enterprise, ensuring executive management, business unit management, site management and functional management always know where there risks are and what is being done to lessen them. Seamlessly integrating the five components of the ISO 31000 Risk Management Model, the Stature solution enables dramatic improvements in the ways mining companies assess their risk by allowing miners the ability to manage a wide variety of risk assessment methodologies and tools. Dyadem’s Stature platform enables miners to quickly and effectively identify risks from around the business in a single, consistent way, driving corporate efficiency and global knowledge sharing

Stature then dynamically integrates risk identification and assessment into the risk mitigation process ensuring that the right people are provided the right information at the right time to allow for accurate decision making and lowered risk. Whether it’s a simple notification of risk ownership or a complex risk mitigation business process, Stature provides mining companies a flexible solution that will match their business process and ensure accountability and governance of the risk reduction process.

Stature ensures that critical risk information, trends and status from across the business are available to the appropriate individuals for business decision making, reporting and analysis. Through robust Risk Registers, detailed and actionable dashboards and real-time trending, Stature provides executive management, unit management and functional management clear visibility. This risk visibility allows mining operations to create real-time risk profiles of their facilities at one site, one country, one business unit or across the globe.

Stature ensures miners are in control of the full lifecycle of risk; improving business planning, reducing costs, driving sustainable development and achieving both shareholder and public goals.

Stature for Operational Risk Management (ORM)
RiskSafe
PHA-Pro
SVA-Pro
FTA-Pro
FMEA-Pro