“The essence of risk management lies in maximizing the areas where we have some control over the outcome while minimizing the areas where we have absolutely no control over the outcome and the linkage between cause and effect is hidden from us” – Peter L. Bernstein
The concept of risk management is nothing new to the mining industry, or industry in general. But even with the current advances in technology across the board, there is still more work to be done to effectively manage risk. Join us this week as Robyn Teet from Resolve Mining Solutions discusses some possible solutions, taking lead from the geological world, and applying learnings from resource definition to generate a geotechnical hierarchy of controls and risk scenarios.