External and internal environmental conditions of mining and energy industry are always dynamic. This is in line with the times when changes occur both in terms of the development of Information Technology and changes in its management. Currently, several mining industries are starting to apply the concept of this industrial revolution to their mining activities. Even though as efficient and effective as a revolution is, the
Company must face various risks.
Therefore, the Company implements a structured, planned, and comprehensive Risk Management System to detect, prevent, minimize and mitigate various types of business risks with potential to arise and may impact business continuity of the Company.
In implementing Risk Management System, the Company constantly monitors the development of business climate and conducts an in-depth study of the risks relevant to the Company’s business, and builds a risk-aware culture in all work units.
The Company continues to evaluate its business risks and formulates various mitigation measures, including:
The Company implemented an effective and integrated Risk Management System by conducting regular reviews on the company’s performance. According to business developments and economic conditions, each business unit continuously identifies and manages potential risks and formulate risk mitigation efforts and risk reviews.