Some operations take a reactive approach to water management and decision making and this increases the risk of project or plant closure, revenue loss or adverse environmental impacts. In addition, I have seen the failure to strategically plan for water at all stages of a project resulting in delays in approvals and permitting and unnecessary costs. This approach can risk a loss of investor or stakeholder confidence, diminished shareholder value and develop into a poor reputation among regulators. Poorly designed compliance conditions and requirements result in unnecessary and excessive monitoring costs and compliance reporting.
Well executed water management plans and monitoring programs will provide:
- Efficient water licencing and permitting processes;
- reduced operating costs through effective monitoring programs, data management and compliance reporting;
- improved environmental outcomes and reduced environmental risk;
- continued access to water for production and growth;
- enhanced reputation through better stakeholder relationships that consider community expectations;
- improved working relationships with regulatory authorities; and
- the efficient use of a fit for purpose resource.