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|The mining of remnant coal reserves at the Liddell Open Cut is subject to a number of risks. These risks are of both a technical and financial nature. Liddell Open Cut is principally a conventional truck and shovel/loader operation, supplemented by a highwall coal augering operation. There are significant areas of divergence from more conventional operations including working in close proximity to a major dam, working up dip from an operating underground mine, and working through areas where there has previously been underground extraction. In addition the site has major long-term rehabilitation requirements. This paper, rather than concentrating on specific detail of areas of risk, presents the spectrum of geological, design, operational and post-mining risks that accrue to the various areas of activity in this open cut operation. The balance of this paper then provides an outline of the strategies employed by Liddell Coal to manage their potential impact.|