Madneuli Website

Risk Management

There are risks in every business and the mining industry has its own inherent risks. Understanding and managing them pro-actively are a key part of our strategy for growth.

We manage risk by grouping them into several main business functions:

•    Corporate development
•    Commercial
•    Operational (includes safety & health, environmental and community affairs risks)
•    Information technology
•    Human resources
•    Legal
•    Financial

Like others in the mining industry, we face the unique challenges of managing risk at our operations. Operational risks can cause injuries, delay production and increase costs. Spills and other environmental risks can damage the environment and affect our relationships with surrounding communities, and the costs of closing a mine can increase.