Fixing the Bottom Line, Too
Well-meant remediation and mitigation efforts can lead to needless extra losses.
Save In the Plan
But not for mines.
Every day without production deepens the money pit. The first order of business has to be: Get at least one part of the mine back into production, even partial production, ASAP. Then get another. And other.
Just how to do this isn’t so obvious. Figuring out the remediation sequence often entails complex interdependencies and complex regulations – each with economic implications.
• The science tells you what can be done
• The law sets a threshold for what must be done
• The policy sets the limits
A deep knowledge of all three is required to ensure that remediation doesn’t do more than it should, or less than it must. GK’s threefold expertise enables us to translate adjustors’ directions into optimal results.
Save On the Ground
The challenge for owners and insurers is to ensure that their interests are best served, while leveraging the exceptional value of remediation partners and respecting partners’ business obligations. Two examples illustrate typical issues:
• To assess contamination levels, standard practice may be to drill 50 boreholes, at thousands of dollars each. If it’s standard practice, who’d necessarily questions that? If the science says that only a few boreholes are actually needed, it should be questioned.
• Your remediation partner might uncover some ground contamination and proceed in good conscience to clean it up. Who’d object to that? If this exceeds the policy’s terms, an objection should be raised. The contamination might result from an unrelated incident, and may not be covered.
It’s clear that an independent, forensically trained, business savvy remediation engineer is useful in developing sound plans and providing an objective basis for ongoing decision-making. This is where GK can be a great help – a solution welcomed by owners, insurers and contractors alike. We provide scientific validation of remediation plans, minimizing controversy and reducing the risk for all parties