earticle

영어

Mining operations represent an economic activity with plenty of decision problems involving risk and uncertainty. While underlying risks do not vary significantly from year to year, their level of acuteness and priority can change depending on the economic environment. With the development of economic globalization, China’s mining companies are exposed to a higher than average level of risks, especially risks from political and economic policies of the host country, as well as financials. This paper works through various risk scenarios and performs impact analysis, and then gives suggestions about risk management and control from both macro and micro perspectives.