Risk Management for Mining Organizations: Tools and Techniques

Effective risk management is integral to the success of any mine, plant, or corporate function. This course combines practical risk management tools and techniques, with case studies of where they have been made to work and added value to an organization.

Risk management is about predicting where things might go wrong and stopping them before they spiral out of control. It is also about identifying opportunities and taking steps to ensure you make use of them.

Risk management allows us to put a framework around how we identify, understand, and control risks, allowing us to manage them as a team, be that as a shift, or as an entire organisation.

The cost-benefit analysis required to ensure that your mine is resilient both technically and financially can be incredibly complex. Rarely are there enough financial or human resources available to manage all of the risks you face. Specific risk management tools and techniques can help you to prioritise where resources should be utilised, and to proactively manage uncertainty. This helps to ensure that your mine makes best use of both the opportunities and threats it faces, and is ultimately: resilient.