Eng. Dimitar Shaykov
ABSTRACT
This article aims to clarify the process of risk management in mining investment projects, which is current due to its importance for the future profitability and efficiency of the investment activity. The future results of the investment activity in the mining industry are significantly influenced both by the shocks in the economic policy of the countries and by the numerous factors of the external and internal investment environment. A large part of them do not directly depend on economic subjects, and economic phenomena and processes are also under the influence of a large number of external factors to the investor. Economic evaluation and risk analysis are basic elements in the analysis of investment projects in the mining industry. In them, the importance of risk is determined by the need to carry out the most accurate risk assessment and incorporate the individual types of risk when determining the risk discount rate with which the expected net annual cash flows of the investment projects are discounted (updated). This leads to the determination of a risk discount rate that reflects the expected future profitability of the projects implemented by the investor. The determination of the risk discount rate is based on the risk discount factor method, also known as the risk accumulation method. On this basis, the investor can really assess the attractiveness of the investment projects
KEYWORDS
risk assessment, economic assessment, mining investment projects, risk discount factor
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