Fixing the Bottom Line, Too

Well-meant remediation and mitigation efforts can lead to needless extra losses.

There are two places where owners and insurers can save thousands and thousands, if not millions: In the Plan and On the Ground.

Save In the Plan

Many remediation plans are based on returning a mine to full operational status before restarting production – akin to fixing up a car before taking it on the road. Which makes sense for cars.

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.

Complicating factors include the science, the law and the policy.
• 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

Remediation contractors have tremendous expertise. They also have an obligation to operate profitably – as it should be.

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

Beyond Engineering

Proper remediation isn’t simply an engineering solution; it’s also a business solution. Millions of dollars can hang in the balance. If you want to dig out of a hole, get in touch with Reid Stanway at 416.368.1700.
What We Do

Click here for a comprehensive list of mining remediation services we provide in connection with these factors:

  • Resources Identification
  • Project Management
  • Material, Mechanical and Electrical
  • Fire
  • Structural
  • Geotechnical
  • Environmental
  • Litigation