K2fly Ltd (ASX:K2F) has partnered with Perth-based Decipher, which offers a cloud monitoring platform, to create an integrated monitoring and governance platform for tailings storage facilities.
K2fly Ltd (ASX:K2F) has partnered with Perth-based Decipher, which offers a cloud monitoring platform, to create an integrated monitoring and governance platform for tailings storage facilities.
Tailings are the mineral waste remaining after the processing of ore to extract mineral concentrates and are typically stored within an engineered containment structure known as a tailings storage facility (TSF).
TSF failures, where there is an uncontrolled release of water, waste material or by-product, constitute a significant risk for industry, regulators and the environment.
Industry best practice and legislation requires that an independent technical review board (ITRB) be assigned for each TSF to ensure proper governance and compliance.
Supporting compliance
K2fly chief commercial officer Nic Pollock said the businesses had combined their complementary technology strengths to create a solution that would assist mining and resources companies to manage these risks.
He said: “Our proposed solution will ensure industry has access to a significantly better tool to aid monitoring and governance of TSFs to recognised standards.
“The solution reflects best practice and will support compliance with the Global Industry Standard on Tailings Management recently endorsed by the International Council on Mining and Metals (ICMM) and other Global Tailings Review convenors, as well as standards set by national regulatory bodies.”
Cost-effective solution
Decipher chief executive officer Anthony Walker said tailings management was recognised as one of the top 10 risks in 2020 to the global mining industry in a recent report by KPMG.
He said: “The resources industry needs a solution that is cost-effective, comprehensive and accessible – and we can deliver on that.”
Decipher and K2fly have commenced discussions with several global miners about the proposed tailings management solution, which can also be deployed remotely during COVID-19.
Originally published by Proactive Investors.
Effectively monitor your tailings storage facility with Decipher
Decipher’s Tailings solution is designed to provide you with key data and insights, enabling you to effectively monitor your TSF and your environmental obligations and compliance. Our solution can be securely accessed by industry, regulators, designers and operators involved in the management of TSFs. Decipher offers a comprehensive and functionally rich solution which combines regulatory (Compliance Management Software), mining waste management, stakeholder engagement, environmental monitoring, and environmental management system (EMS) tools to assist with tailings management:
View real-time data and receive exceedance alerts
Monitor land movement with remote sensing and InSAR datasets
Visualise real-time LiDAR data with insights into dam movement
Securely store and access all of your tailings data in the one place
Upload and reference key documentation
Visualise facilities across multiple sites in a single screen on a geospatial map
Monitor your facilities with InSAR, LiDAR, DEM and more
Capture a wide range of monitoring data and indicators such as surface and groundwater, decant pond water levels and quality, and embankment conditions
Capture and track obligations and conditions around your licence to operate to manage your key risks and actions
Action and task delegation for data collection with reminders
Maintain and track environmental monitoring compliance limits and exceedances
Manage and engage with all of your stakeholders with one central repository
Convert your engagements into actionable outcomes
Forecast, plan and track your sites activities using IBM’s Weather data
Create corporate report templates and meet requests for data provision from industry groups such as ICMM, Global Tailings Portal, PRI and UNEP
Integration capability with third party systems or public portals such as the Global Tailings Portal
Want to find out more about tailings storage monitoring?
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Decipher’s Tailings solution is designed to provide you with key data and insights, enabling you to effectively monitor your TSF and your environmental obligations and compliance. Our solution can be securely accessed by industry, regulators, designers and operators involved in the management of TSFs. Decipher offers a comprehensive and functionally rich solution which combines regulatory (Compliance Management Software), mining waste management, stakeholder engagement, environmental monitoring, and environmental management system (EMS) tools to assist with tailings management:
