Evaluation Of Overseas Mining Investment Risk In The "One Belt And One Road" Strategy

The implementation of the strategy of “One Belt and One Road” brings both enormous development opportunities and a high investment risk for mining enterprises’ “going out”. In order to scientifically evaluate the mining enterprises’ overseas investment risks, an overseas investment risk evaluation model of mining enterprises based on G1 method and grey relational analysis method is constructed in the paper and the chief research content is presented as follows:(1) Risk sources of mining enterprises’ overseas investment have been identified. Based on the analysis of characteristics of China’s mining enterprises’ overseas investment, investment risk sources can be divided into external risk source and internal risk source, among them, the external risk source including investment environment risk, political risk, social risk and natural risk, etc.; Internal risk source including financial risk, market risk, economic risk, technology risk and so on. And a variety of risk sources have been recognized.(2) A set of risk evaluation index system of mining enterprises’ overseas investment has been designed. The three-class index system of mining overseas investment risk evaluation considering external and internal factors of mining enterprises is established on the basis of risk sources identification of mining overseas investment. And the index system including eight criteria layer indexes and 24 indexes.(3) A research on overseas investment risk evaluation model of mining enterprises has been done. This paper adopted the G1 method to determine the weight of each evaluation index and combined with grey relational analysis evaluation method, and an overseas investment risk evaluation model of mining enterprises based on G1 method and grey relational analysis method is constructed.(4) Calculation examples of the overseas investment risk evaluation model of mining enterprises are simulated. Five sample countries along the “One Belt and One Road” have been taken for example to demonstrate the modeling process and evaluation method of the overseas investment risk evaluation model of mining enterprises based on G1 method and grey relational analysis method in detail. The simulation has verified the reliability and validity of the proposed evaluation model.The risk evaluation index system and the risk evaluation model of China’s mining enterprises’ overseas investment established in the paper have certain reference interest for the investment risk evaluation and decision-making along the “One Belt and One Road” countries.