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Mining The mining industry has argued that submarine tailings disposal (STD) which disposes of tailings in the sea is ideal because it avoids the risks of tailings ponds although the practice is illegal in the United States and Canada it is used in the developing world
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Of all the major industry sectors mining can probably claim the greatest familiarity with risk The very real danger to life and limb faced by the earliest miners remains a feature of modern operations but explicit attention to risk is now spreading to other areas of mining from process operation and projects through to the strategic management of a business The traditional
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mining companies doubled between 2010 and 20111 which has led to increased competition for scarce personnel equipment and materials In today's turbulent business climate ever increasing supply risks threaten the ability of mining companies to meet market expectations consistently Given rising commodity prices the opportunity cost
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KPMG's Global Head of Mining Wayne Jansen has 24 years of audit and advisory experience across a broad range of clients Specializing in the Energy and Natural Resources industry he has extensive experience in risk management has led large multi-national external audits assisted companies in
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The themes of license to operate and disruption run through this year's risks as social responsibility and broader stakeholder demands intensify alongside the need for digital transformation greater risk taking and innovation Top 10 business risks facing mining and metals
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2 Business risks facing the Mining Industry Introduction It's a perplexing time to be in the mining industry After a severe global financial crisis dashed commodities prices and swept aside a six-year boom a promising two-year recovery gave the industry Top 5 Business Risk Facing the Mining Industry in 2018
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Devising an Effective Supply Chain Governance System for a Mining Industry Client with the Help of SpendEdge's Supply Chain Risk Assessment Mining Industry Analysis The past one decade has been a rollercoaster ride for companies in the mining industry Commodity prices have reached both historic highs and lows with operational entities shifting irrevocably in the
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communications challenges faced and future prospects we can identify vulnerable gaps that may exist find out why these gaps exist and how cybercriminals are taking advantage of these gaps to attack the mining industry A noteworthy observation made while studying the mining industry was that the majority of the cyber attacks against mining
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ADVERTISEMENTS: Here is an essay on the risks faced by insurance companies Introduction to the Risks Faced by Insurance Companies: The business of insurance is based on dealing with uncertainty Therefore an insurer needs to consider a wide range of possible risks and the outcome that may affect the current and future financial position The []
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The mining industry is still recalibrating to a set of strong headwinds after the commodity boom peaked in 2011 From volatile market conditions to resource scarcity and environmental mandates the challenges facing the mining industry has forced miners to
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Safety remains a focus area for mining management This is reflected in it being recognised as a significant risk for most mining companies and the continuous detailed reporting provided by the companies "Safety is probably one of the biggest success stories for
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Construction is a big industry with growing concerns These 11 risks in the construction industry are growing from construction defects to contractual risk overextension to natural disasters Contractors need to be on top of the changing times
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The mining industry is largely governed by the Mines and Minerals Act although it is subject to other regulations like any other business in Zimbabwe The mining industry falls under Ministry of Mines Other laws include: • Mineral Marketing Corporation of Zimbabwe Act • Gold Trade Act • Precious Stones Trade Act
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We use a fine-grained data set comprising the financial and operational risk management decisions of 58 gold miners from 2003 to 2011 to empirically assess the effects of risk management on inventory Faced with volatile output prices gold miners may commit to sell future gold production and lock in prices but this strategy precluded miners
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But the reality is that a business is a business regardless of what it is Running a business in any sector requires similar skills and planning What are some of the challenges you've faced mining industry in your career so far? To date I am struggling to access the mining industry Besides its stringent process in onboarding new suppliers
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November 27 2015 Managing Business Risk in the Food and Beverage Industry Most started out as one-person or family operations years ago and have grown into sophisticated vertically integrated enterprises offering one-stop niche brands solutions and services
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SA's mining industry sees steep decline in financial performance impacted by a slump in commodity prices and increased cost pressures The 2015 financial year has proved to be extremely challenging for South Africa's mining industry
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Transportation and Logistics Risk Management Professionals of the road transportation industry face a host of dynamic risk issues such as cost of risk fleet safety claims administration driver hiring and retention and compliance and regulations Failure to sufficiently address any of these issues can significantly impact the financial and
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It's generally impossible to achieve business gains without taking on at least some risk Therefore the purpose of risk management isn't to completely eliminate risk In most cases risk management seeks to optimize the risk-reward ratio within the bounds of the risk tolerance of your business The following are common types of business risk
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Types of risk vary from business to business but preparing a risk management plan involves a common process Your risk management plan should detail your strategy for dealing with risks specific to your business It's important to allocate some time budget and resources for preparing a risk management plan and a business impact analysis This
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Top 20 Risk Factors Facing the Oil Gas Industry Top 20 Risk Factors Facing the Oil Gas Industry By Admin Jun 30 2011 10:38AM To enhance your experience read this article in our interactive virtual reader! Click Here The oil and gas industry still accounts for the majority of the world's energy generation While opponents may contest the use of such fossil fuels the
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Ernst Young has released its research into the 10 Business Risks facing mining and metals 2017-2018 and up there with some of the biggest concerns is cyber risk digital effectiveness in an increasingly digital world and the ever-growing risk surrounding regulatory policy
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Managing political and regulatory risks while operating abroad is now a business imperative for mining operators Julian Turner talks to Rob Foulkes and Charlie Pembroke of consultancy Critical Resource about sustainability licence to operate issues and avoiding mistakes of the past
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The mining industry has a reputation for being a risky business with health risks that are varied and often quite serious and it is important for miners to protect themselves accordingly Nevertheless mining doesn't have to be unsafe With the introduction of strict safety legislation and protocol as well as advances in safety equipment
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By utilizing modern risk management software and tools combined with the expertise of risk management consultants mining businesses will be better suited to deal with volatile industry they work in If you would like to learn more about applying risk management software to your mining business you can request a demo of our product
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No one knows better than people in the mining industry that mining is a very risky business indeed And not surprisingly planners in this industry have used risk analysis extensively for decades For example at the 1969 International Symposium on Computer Applications and Operations Research in the Mineral Industry there were several papers on risk analysis
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