“Losses exceeding US$100 million and 60% chance of permanent shutdown of the mine”
Failure to properly manage this risk can result in:
- A profound impact on your company’s bottom line
- Severely eroding share value
- Suspension of operations
- Mine closure
- Loss of life / fatalities
- Community and environmental damage
- Brand and reputational damage
According to the Australian Government, evidence from well-known Dams & Tailings failures shows that a “major failure can not only cause deaths but can result in a one-third loss of market capitalisation, clean-up costs and direct losses exceeding US$100 million and potential class action costs of up to twice that, with an average 60% chance of permanent shutdown of the mine.”