At each stage in the project development phase, there are potential risks and uncertainties that could materially affect the expected results (project economics). These factors include:
All of the above factors can result in an increase in project development costs, delay project implementation and result in not achieving the expected financial performance. This has the potential to create new risks.
Therefore, the preparation of an activity plan and monitoring of the progress of its status becomes a substantial activity to avoid the above risks. Each variant that occurs is subject to analysis by the Project Manager and proposed strategic improvements are reported to the Directors for approval. In addition, the implementation of government regulations on Mining Health and Safety is a focus which is carried out by individual units and is constantly reviewed by the Company’s internal auditors for Occupational Safety and Health.