Mining Industry Challenges
From a volatile commodities market to financing, safety, and employment issues, the pressure on mining companies to be efficient, productive, and profitable has never been greater. The operational risks posed by an ever-shrinking resource pool, decentralized risk management experience, inefficient manual processes, and more difficult and dangerous operating environments pose a huge challenge to global mining companies. Many companies that do not use a system to more effectively identify, analyze, reduce and monitor risks and hazards often lack visibility into the risks that may affect business development. Mining companies are facing increasing pressure to improve global competitiveness, as well as to maintain sustainable development principles and protect the interests of employees and shareholders.
While the costs of exploration, development and mining continue to grow, regulatory and sustainability requirements are becoming increasingly stringent and demanding, putting more pressure on the production, EHS, and other organizational units.
As a result of business growth or the acquisition of other companies, EHS compliance with the laws and regulations, such as MSHA, OSHA, EPA, WSIB, EU, AS / NZS will become increasingly important. Frequently, individual mining companies use different methods to define and assess risk, use different models to record the severity and likelihood of risk, and use multiple analytical methods and methods to control risk. This will create an isolated risk knowledge base and hinder the ability to accurately and effectively manage the entire business risk. All of these factors determine the need to build a strong enterprise risk management system.
Sharrix Solution
Sharrix provides Operational Risk Management solutions that empower you with a comprehensive view of your risk management priorities and help to create corporate best practices and provide a way to share lessons learned across your operations. Sharrix helps simplify Process Safety Management (PSM) by providing: The Sharrix risk management solution has out of the box PHA, FMEA, and JSA analysis models that provide comprehensive risk assessment tools to promote best practices and utilise valuable lessons learned data that can be used in your EH&S and production operations. We help mining companies identify, analyze, and mitigate operational risk within one plate form that allows timely closed loop, workflow driven, action tracking on any mobile device no matter where the action assignees are geographically located.
Sharrix provides Operational Risk Management solutions that empower you with a comprehensive view of your risk management priorities and help to create corporate best practices and provide a way to share lessons learned across your operations. Sharrix helps simplify Process Safety Management (PSM) by providing:
- A consistent corporate standard for all risk management processes, ensuring that risks are identified, measured and mitigated in similar ways and with shared best practices;
- Audit trails to ensure compliance with regional and adopted regulations like OSHA 29 CFR 1910.119, EPA 40 CFR Part 68, ISO 31000, AS/NZ 4360, Seveso II Directive, COMAH, MHFs, REACH, and Responsible Care;
- The ability to predict and prevent issues from occurring by uncovering leading and lagging indicators and understanding patterns of risk;
- A continuous improvement approach to risk management, integrating PHA, JSA and SVA studies with Management of Change, Incident Management and Action Tracking;
- The ability to transform risk management data into key decision making criteria;
- Corporate visibility of risks, aggregate risks, risk management adoption and regulatory compliance across regions, business units, and sites.