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Posts Tagged ‘black swan’

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Risk resilience is a term that I heard for the first time today.  The people who used the term assure me that it is not new, just not recognized in mining for its power. There was a conference last year in South Africa on risk resilience in mining.  There is a successful consultant on the topic in Australia. (more…)

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The picture above is of the Black Swan causing havoc.  I once wrote a paper that claimed the Black Swan causes tailings failures.  The EPA picked the paper up and used it in their report on the Pebble Mine and Bristol Bay to conclude that tailings dams fail.  So here as an act of contrition are three reports on recent and upcoming tailings activities aimed at killing the Black Swan. (more…)

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The myth that modern tailings dams are immune to malfunction and failure is evidenced by a series of new reports on the Philex tailings dam.  Here are links and extracts from two of the reports on this facility: (more…)

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Back to the Pebble Mine.   Back to the eternal debate.  Getting dull, yet ever fascinating.  For the fate of this proposed mine will make mining history.  If the mine does not go ahead because of opposition, all other anti-mining groups will be vitalized to oppose and stop many more proposed mines.  If the mine goes ahead, it will have to do conservative things in such a way that future mines will face an added, expensive burden to replicate. (more…)

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 If you can wade through the convoluted rubbish about fifty- and sixty-year cycles proposed by Russians with unpronounceable names, you may find at the very end of the posting at this link, some reasonable insight on junior gold mining companies in Vancouver.  But let me warn you: the going is tough when the author Ian Gordon waxes unlyrical about his Russian Religion.  Here is a sample: (more…)

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Travelling around Guatemala, I have been reading a book called The Black Swan – The Impact of the Highly Improbable by Nassim Nicholas Taleb.  After the economic meltdown of the past year or so, most of us are now more familiar with the concept of a black swan than before.  In short a black swan is a highly improbable event that changes everything.  Nassim notes these three characteristics of a black swan: (more…)

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