Building and executing an effective risk system for the mining industry
Mining Engineering, 2016, Vol. 68, No. 10, pp. 44-44
As human beings, we have managed risk since the dawn of the ages, and have been adept at doing so. In order to survive, we hunted or gathered. If we did not take enough risk, we died. If we took much risk, we died (Fig. 1). As individuals and tribes, risk had to be optimized to maximize our chances to thrive, as individuals and as tribes.
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