17 July 2020 | Feature Article
COVID-19 is a major risk that has left its mark very quickly, leaving risk managers and boards in the position of having to deal with an unprecedented situation with a lot of uncertainty. One of the major risks for the mining industry is whether they may have to shut down and leave idle major facilities. We’ve already seen forced closures in mines overseas and Australia could be next. Michael Beaumont discusses why boards and risk managers need to prepare today for the possibility of a pandemic related shutdown and idling of sites down the line. His warning is that, in the current environment, calls for facilities to be shut down could come suddenly and traditional hazards remain in addition to new ones, so operators must be prepared.