Basics of building a risk-management system at mining enterprises

This paper reflects the problematic situation in the field of risk-management at mining enterprises. It is connected with the fact that not all hired top managers understand the role and importance of the risk management system in the overall management system of a mining enterprise. However, an increase in the number and weight of the consequences of the onset of risk events has recently changed the vision of senior management, business owners and other stakeholders in favor of recognizing the need to create in the structure of mining enterprises, if not separate, specialized structural units, in the form of a risk management service, then at least introduction of a staff unit of a specialist - a risk-manager , who clearly understands what the organization is doing to form and increase the value of a business and how he can influence this, demonstrating his professional knowledge, skills, and even some insight in anticipating future risks of a mining enterprise ... But the economic situation in the region, the country and the world does not allow, due to financial constraints, to fully implement the technologies developed in theory and fixed in practice for the application of methods and approaches to risk management in the mining industry, including the purchase of expensive software products that allow the formation of an effective risk-management system. Therefore, mining risk management professionals need to take full advantage of the potential and benefits of the GRC system, which has existed since 2004, which aims to use a common language and corporate risk management methodology to achieve the company's strategic goals. The results of the studies presented in this paper state that the main risks that the owners of mining enterprises are concerned about are financial risks and operational risks, legal risks, commercial risks and the risk of fraud, as well as natural, environmental and man-made risks, but a significant part of mining enterprises in the region does not have a well-developed risk management system, does not carry out systematic work to identify risks, assess risks and their possible consequences, and therefore: either operate at extreme risk, taking catastrophic risk, or work at the margin of profitability, refusing to accept risks, even there, where you really need it. However, one should proceed from their understanding that technologies in the field of corporate governance of mining enterprises, including risk management, can not only form lines of defence against risks, but also increase the value of a mining enterprise through an effective risk-management system.

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Risk Management Model in Surface Exploitation of Mineral Deposits

Archives of Mining Sciences ◽

10.1515/amsc-2016-0022 ◽

2016 ◽

Vol 61 (2) ◽

pp. 293-308

Author(s):

Cvjetko Stojanović

Keyword(s):

Risk Management ◽

Adverse Events ◽

Management System ◽

Mining Industry ◽

Investment Project ◽

Management Model ◽

Structural Element ◽

Investment Projects ◽

Risk Management System ◽

Mining Projects

Abstract Risk management is an integrative part of all types of project management. One of the main tasks of pre-investment studies and other project documentation is the tendency to protect investment projects as much as possible against investment risks. Therefore, the provision and regulation of risk information ensure the identification of the probability of the emergence of adverse events, their forms, causes and consequences, and provides a timely measures of protection against risks. This means that risk management involves a set of management methods and techniques used to reduce the possibility of realizing the adverse events and consequences and thus increase the possibilities of achieving the planned results with minimal losses. Investment in mining projects are of capital importance because they are very complex projects, therefore being very risky, because of the influence of internal and external factors and limitations arising from the socio-economic environment. Due to the lack of a risk management system, numerous organizations worldwide have suffered significant financial losses. Therefore, it is necessary for any organization to establish a risk management system as a structural element of system management system as a whole. This paper presents an approach to a Risk management model in the project of opening a surface coal mine, developed based on studies of extensive scientific literature and personal experiences of the author, and which, with certain modifications, may find use for any investment project, both in the mining industry as well as in investment projects in other areas.

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RISK MANAGEMENT IMPLEMENTATION PRACTICES IN RUSSIAN INDUSTRIAL COMPANIES: RESULTS OF AN EMPIRICAL STUDY

Strategic decisions and risk management ◽

10.17747/2618-947x-2019-4-410-423 ◽

2020 ◽

Vol 10 (4) ◽

pp. 410-423

Author(s):

M. O. Kuznetsova

Keyword(s):

Risk Management ◽

Management System ◽

Building Materials ◽

Mining Industry ◽

Management Systems ◽

Industrial Companies ◽

Research Areas ◽

Industrial Organizations ◽

Risk Management System ◽

Pharmaceutical Industries

The article analyzes the practice of implementing risk management in Russian industrial companies. The study conducted a survey of 96 industrial companies in various industries in order to identify the features of implementing a risk management system in Russian industrial organizations. The main goals of implementing risk management systems in industrial companies, the features of organizational risk management structures, the amount of costs for maintaining risk management systems, risk assessment methods, the activities of industrial organizations that integrate risk management processes, and the level of automation of risk management systems were identified.The method of assessing the level of maturity of risk management is proposed: absent, managed, quantitatively managed, optimized and advanced levels.Using cluster analysis, groups of Russian industrial companies in various industries were identified by the level of process maturity of the risk management system. The most developed in the field of risk management systems are companies in the mining industry, mechanical engineering, as well as those engaged in the production of consumer goods. Companies with the least developed level of risk management include companies in the furniture, pulp and paper, cosmetics, and pharmaceutical industries, as well as those that produce building materials.On the basis of the survey identified the main barriers introducing a comprehensive system of risk management of industrial companies.The described research areas will help to increase the effectiveness of the risk management system, which will help to increase the strategic stability of the company.

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Development and Implementation of Practice-oriented Process Model of Risk Management System at the Mining Enterprises

Occupational Safety in Industry ◽

10.24000/0409-2961-2021-2-75-82 ◽

2021 ◽

pp. 75-82

Author(s):

V.A. Filimonov ◽

◽

L.N. Gorina ◽

Keyword(s):

Risk Management ◽

Monitoring System ◽

Management System ◽

Process Model ◽

Mining Industry ◽

Process Approach ◽

Risk Monitoring ◽

Stage Of Development ◽

Risk Management System ◽

Iso 31000

The overview information is provided concerning the state of affairs in the mining industry in the field of industrial safety. It is shown that the multifactorial nature of the occupational risks (industrial, fire, environmental) forms a request for the development of risk monitoring system, as a result, a risk management system at hazardous facilities in accordance with the requirements of the supervisory authorities of the Russian Federation. The urgency and advisability of the application of process approach at the stage of development and implementation of the risk management system in the organizations and industrial enterprises of mining industry based on GOST R ISO 31000—2019 «Risk management. Principles and Guidelines» which establishes the basic approaches required for ensuring the effectiveness and efficiency of the risk monitoring system. The analysis is given related to the advantages and opportunities in the implementation of risk management in the organization. Process model of the risk management system in the mining organizations at the stage of development and implementation based on Deming PDCA cycle was built. Graphical map of the risk management system processes was developed and presented which complies with the requirements of GOST R ISO 31000—2019. The process of creating the risk management system using SADT (Structured Analysis and Design Technique) and IDEF0 methodology is shown in the article. The main context diagram of the process of creating the risk management system in IDEF0 notation was developed. The decomposition of the processes of the second and third levels is presented, all their functional links are described. Balance of the developed models is confirmed by the quantitative analysis of subprocess diagrams. It is demonstrated that the process approach used at designing the risk management system allows to structure the composition of processes, clearly define input and output parameters of the processes, process participants, resources, and ensure control and process adjustment.

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Mathematical methods for improving a risk management system within the framework of investment projects implementation in Russian industrial companies

Problems of Economics and Management of Oil and Gas Complex ◽

10.33285/1999-6942-2020-7(187)-47-52 ◽

2020 ◽

pp. 47-52

Author(s):

Ya.S. Krukhmalyova

Keyword(s):

Risk Management ◽

Management System ◽

Mathematical Methods ◽

Investment Projects ◽

Industrial Companies ◽

Risk Management System

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Customs Risk Management System in the Context of Clearance of Customs Procedures

Modern Economics ◽

10.31521/modecon.v22(2020)-09 ◽

2020 ◽

Vol 22 (1) ◽

pp. 59-63

Author(s):

Ihor Nestoryshen ◽

◽

Ivan Berezhnyuk ◽

Alina Brendak ◽

◽

...

Keyword(s):

Risk Management ◽

International Trade ◽

Economic Activity ◽

Management System ◽

Control Measures ◽

International Treaties ◽

External Threats ◽

Risk Management System ◽

Operational Activities ◽

International Conventions

Introduction. The article emphasizes that the current features of the implementation of foreign economic activity require consideration of two factors that are contradictory to each other. In particular, on the one hand, the growth of external threats is forcing the governments of many countries to tighten control measures when crossing the state border of goods and commercial vehicles. On the other hand, according to international conventions and agreements (Kyoto Convention, WMO Framework Standards for Security, WTO Facilitation Agreement), measures to reduce the interference of regulatory authorities in the operational activities of economic operators are envisaged. In this context, the use of risk-oriented customs control tools, which allow simplifying business without reducing the level of national security, is becoming especially important. Purpose. The purpose of the article is to generalize and systematize foreign and domestic approaches to simplification of customs procedures through the use of risk-oriented instruments of customs control, as well as to develop their own proposals for simplification of foreign trade entities in the domestic regulatory field by using subject-oriented criteria. Results. The authors analyzed the provisions of the International Convention on the Simplification and Harmonization of Customs Procedures, the Framework Standards for Security and Facilitation of International Trade, the WTO Agreement on Trade Facilitation, which are provided for significant simplification of international trade procedures by reducing the share of customs inspections and controls. Сustoms security, customs clearance of goods and vehicles on the territory of the subjects of foreign economic activity or in another place permitted by the customs, without the direct participation of customs officials. These measures are based on the widespread use of risk-oriented instruments of customs control. It is noted that some of the provisions of international conventions and agreements on the use of risk-oriented instruments of customs control and simplification of economic operators have been implemented in domestic customs legislation, namely Art. 320 of the Customs Code of Ukraine introduced selective customs control, it is determined that the forms and scope of control sufficient to ensure compliance with legislation on state customs and international treaties of Ukraine in customs clearance are selected by customs (customs posts) based on the results of risk management. Conclusion. The study analyzes the peculiarities of the customs risk management system application in customs control in Ukraine, and offers proposals for the use of subject-oriented criteria of customs control as a simplification for honest economic operators to reduce the selectivity of risk profiles ASUR.

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