Safety and risk management of Chinese enterprises in Gabon's mining industry

Heliyon. 2023 Oct 5;9(10):e20721. doi: 10.1016/j.heliyon.2023.e20721. eCollection 2023 Oct.

Abstract

The mining sector is booming due to the market and worldwide demand increase. The use of novel industrial processes and equipment, growth in trained personnel, and growth in managerial skills go hand in hand with the need to increase productivity in mining areas. These improvements make the mining industry one of the world's riskiest and most unstable. Several large-scale mining projects have failed due to a failure to recognize or underestimate risks, even when the industry uses risk management methods appropriately. To increase decision-making accuracy and protect mining organizations, risk mitigation of development work should be pursued. Safety and risk assessment is vital in the mining industry. The paper evaluates mining industry risks and safety. This research used Gabon's mining sector. This research included multiple dataset-gathering and interpretation methods. This study shows how to find a variety of recognized risks and uncertainty that have not been considered in any methodical or systemic approach to mining sector risk and safety monitoring. This research organizes risks hierarchically to show their consequences and propensity for each stage.

Keywords: Chinese enterprise; Mining industry; Mining risk; Safety management.