Peculiarities of geological risks consideration in making decision about investing in the exploration on scarce chrome ores
- 1 — Ph.D., Dr.Sci. professor National Mineral Resources University (Mining University)
- 2 — post-graduate student National Mineral Resources University (Mining University)
Abstract
The insufficient volume of the assignments in exploration negatively affects on efficiency functioning of many industries and national economy as a whole. The most actual problem is the expansion of the mineral resource base of scarce natural resources, among which the most distinguished are chrome strategic raw materials. Geological risks are specific risks of exploration activities that have a significant impact on the volume of investments in the sector. In the article different definitions of geological risk are analyzed, its characteristics, ways for its assessment and management are considered. Recommendations for the geological risk consideration in order to increase investment attractiveness of exploration on the example of the scarce chrome ores are also given in the article.
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