Published:
Responsible Raw Materials 2024 - Critical Choices
The Responsible Raw Materials conference returns for a fifth edition, this time with a focus on threats and opportunities for the extraction, production, and consumption of raw materials. The conference will take place entirely online between Monday 29 April to Friday 3 May 2024 and will be free and open to all.
AMC Consultants proudly presents a presentation by our Principal Geologist, Mark Burnett, focusing on the geological risks associated with mining projects.
About the Responsible Raw Materials Conference
This conference brings together a variety of actors and stakeholders interested in risk in mineral value chains, from geostrategic to operational dimensions. Participants will discuss what is evolving and what remains unchallenged, misunderstood, or under-explored in this landscape.
It will spotlight forward-looking redesign ideas for the businesses and operations that make up mineral value chains. Delegates will have ample opportunity to explore how these new models can mitigate threats, realize opportunities, and connect with one another to create new systems for resilience, sustainability, and shared benefits.
Mark Burnett
Principal Geologist
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About Mark
Mark has 30 years of experience in the mining industry and has extensive exposure to the mining-value chain, including early-stage exploration projects, shaft sinking, operational mines, mergers, acquisitions, and asset disposals. Mark joined AMC in 2018 as a Principal Geologist, where his primary responsibilities are undertaking and managing technical geological works, including mineral resource estimation, technical reporting, and client support in relation to production and exploration advice.
Presentation
Geological risk to mining projects
Date: Tuesday 30 April 2024
Time: 9.10-9.30 PM
Presenter: Mark Burnett
Presentation Summary: Mining, by its very nature, incurs a level of uncertainty that differs from other industries, in fact mining, and specifically exploration, has often been likened to the ultimate form of gambling.
Most people are familiar with the risks that are prevalent within the modifying factors that are applied when converting a Mineral Resource to a Mineral Reserve. The areas of uncertainty, inherent in a mining project include both technical as well as non-technical risk. Some of which can be reasonably quantified in terms of their potential variability, while others are more uncertain, for example metal price and currency exchange forecasts.
To quantify, and manage, project risk it is first necessary to understand the sources of risk, what impact they may have, and then decide how the uncertainty they pose to the projects’ success can be mitigated. This presentation will focus on a specific area of mining project risk, namely geological and Mineral Resource risk.
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