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Mr. Chen Defang spoke at the 2017 Silk Road Mining Forum


On June 17th, the 2017 Silk Road Mining Forum was held at the Beijing Xiyuan Hotel. More than 300 government officials, academicians, experts and corporate executives gathered here to discuss the Belt and Road Initiative, and to encourage Chinese mining companies to “go global”.
The forum was organized by the China Geological Survey, Chinese Academy of Geological Science Strategic Research Center for Global Mining Resources and the Beijing Institute of Mineral Resource. And it is co-organized by the Wanbao Mining Ltd.,Zijin Mining Ltd., China National Gold Group Co., etc.
Mr. Chen Defang, the president of Wanbao gave a keynote speech on the topic of Social Risk Management of Investment in Overseas Mining Markets. He pointed out the necessity of social risk management for overseas project using the example of Myanmar Monywa Copper Project and shared Wanbao’s experience. Mr. Chen emphasized that the risk Chinese mining enterprises facing was not only the uncertainty from the underground, but also a series of risks above the ground, such as the political, social, religious, and environmental issues. Applying scientific risk management theory was just only part of the story, and company also should open their minds and be innovative in performing the corporate social responsibility.
Mr. Chen’s speech received unanimous praise from audiences. At the discussion section, Mr. Yu Runcang, academician of Chinese Academy of Engineering, famous mining engineering expert, spoke highly of Wanbao’s performance in terms of risk management. He said Wanbao was a successful example, which provided valuable experience for others.