From 2005 to 2015, the mining industry saw significant change. Technical innovation and frontier investments have posed new risks, while traditional exposures evolve amid uncertain markets and changing relationships with stakeholders.
"Mining Risk Reporting: Emerging Trends in an Evolving Landscape" compiles and classifies by theme the risks reported by the 50 leading global mining companies from 2005 to 2015. It identifies risks that are emerging and changing within risk reporting and those tend to remain static.
Key findings include:
- Market risk factors continue to dominate risk reporting — and are an important factor in assessing other risk issues.
- Risk tolerance is dynamic; as commodity prices fluctuate, risk tolerance varies. These exogenous risk factors are critical in developing a forward-looking model of risk appetite.
- Cyber risk has grown significantly as a risk concern.
- Regulation continues to develop and impose higher standards of risk identification and reporting for mining companies.
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