Decipher, a Perth-based cloud monitoring platform for tailing storage facilities (TSFs), has partnered with K2fly, a global provider of technical assurance solutions for the resources industry, to evaluate an integrated monitoring and governance platform for tailings.
Tailing storage facility failures, in which there is an uncontrolled release of water, waste material or by-product, constitute a significant risk for industry, regulators and the environment. Industry best practice and legislation is requiring that an Independent Technical Review Board be assigned for each TSF to ensure proper governance and compliance, according to Decipher.
Decipher and K2Fly have come together to combine their complementary technology strengths to create a solution to help mining and resources companies in monitoring and governance of these risks, Decipher says.
Anthony Walker, Decipher Chief Executive Officer, said the resources industry is now looking for a solution that is cost effective, comprehensive and accessible.
“A recent report by KPMG identifies tailings management as one of the top 10 risks in 2020 to the global mining industry,” Walker said. “This is confirmation of the need for a timely solution which, together, Decipher and K2fly can provide.”
K2fly’s Chief Commercial Officer, Nic Pollock, said the proposed solution will ensure industry has access to a significantly better tool to aid monitoring and governance of TSFs to recognised standards.
“Our solution reflects best practice and will support compliance with the Global Industry Standard on Tailings Management recently endorsed by the International Council on Mining and Metals (ICMM), and other Global Tailings Review convenors, as well as standards set by national regulatory bodies,” Pollock said.
Decipher and K2fly have commenced discussions with several global miners about the proposed tailings management solution, which can also be deployed remotely during COVID-19.
There are an estimated 3,500 active TSFs globally, covering around 1 Mha of land, Decipher, a Wesfarmers company, said.