Review of some accuracy issues in water accounting

"The business importance of water for mining companies is unequivocal as it may affect several aspects of mining projects ranging from the life-and-death license to operate to the imperative economic viability. It is thus no wonder that nearly all mining companies acknowledge water-related risks, issues and opportunities in their respective sustainability report. Somehow, this procedure has fostered the idea that water frugality could be the sustainable solution to several water-related issues. The regular exercise of water accounting should then follow as a key strategic requirement. Water accounting is defined as the application of a consistent and structured approach to identifying, measuring, recording and reporting information about water. However, several factors discussed herein have led to the fact that some water accounts are still produced using means (hardware and software) which undermatch the value actually associated with water. The resulting fuzziness about water usage could result in missed opportunities, suboptimal operations or even lead to environmental law violations. This paper subscribes to the distinctive perspective that, once underlying concepts and practical definitions have been standardized under a supported framework, such as the openly available Water Accounting Framework (WAF) published by the Minerals Council of Australia, most of the remaining water accounting issues may be boiled down to accuracy issues and, ultimately, to how much accuracy is valued by the stakeholders. Using the latest WAF document as a baseline for best practices of water accounting and, borrowing concepts from the fields of sensor network design in the process industries and best practices of metal accounting, this paper reviews some essential accuracy issues to be considered when designing or analyzing water accounting systems in mineral processing. The current paper also includes some elements for a promising attempt to include the value of information paradigm inside the water accounting best practices."