An Industry involved in the extraction and processing of minerals and resources from the earth.
Threats & Risks
The mining industry is associated with a variety of potential accidents, such as cave-ins, explosions, fires, and equipment failures, which can cause serious injuries or fatalities.
The buildings and structures associated with mining operations are often large and complex, and failures can occur due to design flaws, poor maintenance, or natural disasters.
Mining can cause land subsidence, which can result in damage to buildings, roads, and other infrastructure.
Tailings dam failures
Tailings are the waste products that result from mining operations, and they are often stored in large dams. Tailings dams can fail due to poor design, inadequate maintenance, or natural disasters, which can result in catastrophic environmental damage.
Mining operations often require large amounts of water, and poor management of this resource can lead to environmental damage and water shortages for local communities.
Mining operations often involve the transportation of large amounts of materials, which can pose risks to workers and the general public if not properly managed.
The mining industry often involves the use and storage of hazardous materials, such as explosives and chemicals, which can pose risks to workers and the environment if not properly managed.
Mining operations are often located in areas that are susceptible to natural disasters, such as earthquakes, floods, and landslides, which can cause damage to facilities and infrastructure
Mining companies often rely on industrial control systems and other computerized processes to manage their operations. A ransomware attack could compromise these systems, leading to operational disruptions, data loss, and financial damage.
Social engineering attacks
Social engineering attacks, such as phishing, are a significant threat for the mining industry. These attacks often target employees with access to sensitive information, attempting to trick them into revealing login credentials or other valuable data.
Malware attacks can infect mining company networks, leading to data loss and operational disruptions. Malware attacks can also be used to steal sensitive data, such as proprietary mining algorithms and financial data
Insider threats from employees or contractors who have access to sensitive information can result in data breaches, whether intentional or accidental.
Physical theft or loss
Physical theft or loss of laptops, mobile devices, or other storage devices can result in data breaches if they contain sensitive information.
Third-party data breaches
Mining companies often work with third-party vendors or suppliers who may have access to their data, and if these vendors experience a data breach, it can also put the mining company's data at risk.
Mining operations rely on a variety of technology systems, such as SCADA (supervisory control and data acquisition) and other software, that need to be constantly operational. Any system failure can result in downtime, which can affect the entire mining operation.
Supply chain disruptions
The mining industry is dependent on a global network of suppliers and distributors. Disruptions in the supply chain, whether caused by natural disasters, cyber-attacks, or other factors, can have a ripple effect throughout the industry and impact mining operations.
Human error can cause system failures, data breaches, and other disruptions to mining operations. This can include mistakes made by employees or contractors, as well as deliberate actions taken by insiders who have access to critical systems.
The mining industry relies heavily on heavy machinery and equipment, which can break down and cause delays in production, leading to revenue loss.
Supply chain disruptions
The mining industry relies on a complex network of suppliers and partners to deliver equipment, spare parts, and raw materials. Disruptions in the supply chain can lead to delays in production and delivery.
Labor disputes, strikes, and protests can disrupt mining operations, leading to production delays and revenue loss.
Changes in regulations and laws can impact the mining industry's operations, affecting production processes and increasing compliance costs.
Mining companies face scrutiny over their environmental impact and ethical practices. Negative publicity can lead to reputational damage, impacting the industry's social license to operate.
As mining companies increasingly rely on technology for their operations, they are vulnerable to cyberattacks, which can disrupt production processes and compromise sensitive data.
The mining industry is cyclical and is heavily influenced by global economic conditions. Economic downturns can lead to reduced demand, falling commodity prices, and revenue loss
Standards Compliance Requirement
Occupational Health & Safety management system
220.127.116.11 – Hazard identification
8.2 Emergency Preparedness and Response