tailieunhanh - Business risks facing mining and metals 2012–2013

A continuity plan should be an essential element of any business’ strategy or operating procedures. In recent years, the impacts that Y2K, 9/11, SARS and the power outage in Ontario, the ice storm in central Canada and other natural disasters have had on Canadian businesses only reinforces the need for continuity plans. Current concern about the risk of an avian flu pandemic further emphasizes the point that continuity planning must take the specific case of highly infectious diseases into account. Canada’s business community is at risk. While many larger companies and essential services have. | Contents 3 Executive summary 4 The top 10 business risks 10 1. Resource nationalism 11 2. Skills shortage 14 3. Infrastructure access 17 4. Cost inflation 20 5. Capital project execution 23 6. Social license to operate 26 28 7. Price and currency volatility 32 8. Capital management and access 35 9. Sharing the benefits 38 10. Fraud and corruption 40 Under the radar 42 Getting prepared 46 The Ernst Young business risk radar for mining and metals Editorial - Prospects and perils facing up to political risks in mining and metals Organizations that succeed do so because they are best able to optimize the risk and reward equation for both strategic and operational issues. The Ernst Young business risk radar for mining and metals yQ Fraud and corruption Q Up from 2011 Down from 2011 Same as 2011 New entry The risks closest to the center of the radar are those that pose the greatest challenges to the mining and metals sector in 2012 and into 2013. The business risk report Mining and metals 2012-2013