South32 released information on 68 tailings storage facilities, including 37 at its own operated sites and 31 dams at non-operated joint ventures.The company, which has operations in Australia and around the world, said in recent years formal analysis had been done “of the downstream impact on communities, ecosystems and critical infrastructure in the event of catastrophic failure” of the 14 Australian dams referred to as potentially “high” or “significant” hazards.
“We are a member of the International Council on Metals and Mining (ICMM) and, together with 25 other member companies, fully support their work to establish an independent panel of experts to develop an international standard for tailings facilities. At South32, TSF failure is managed as a material risk within our risk management framework,” he said.In recent days, major global resources companies BHP and Glencore have publicly released information about their tailings facilities. BHP revealed on Friday that four of its dams in Australia built to store mining waste carried the highest possible risk classification under global standards, meaning that a collapse would be catastrophic. While Glencore revealed that several of its dams in Australia would pose a “high” risk in the event of a failure.
- Speak to our team for a free demo of our Tailings Monitoring solution
- See how our solutions help manage industry stakeholder engagement and operator and regulator compliance requirements here