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Benefits
Business Continuity
Mining companies face unique risks and challenges.
Benefits
Business Continuity
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Critical minerals companies experience many benefits from adopting international standards concerning business continuity.
Business continuity benefits
- identifying and managing threats and risks to the mining organisation
- minimising incidents’ impact by identifying alternative modes of operation and implementing them in advance
- minimising downtime during incidents and improving recovery time
- keeping critical operations up and running during times of crisis
- training mine staff in emergency procedures
- minimising financial consequences of disruption
- creating plans for business continuity and disaster recovery
- establish the organisation’s reputation among industry leaders
- building confidence for stakeholders that the organisation is resilient
- increasing the company’s revenue by using protective controls effectively.
Leaders and board members have failed to understand that business continuity is a business responsibility and an essential plank of corporate governance. The standards are not compulsory and they require considerable time, money and effort to implement, so many decision-makers put them into the too-hard basket.
But the benefits of adopting the standards outweigh the costs.
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Solutions via standards in
Business Continuity
Information security management systems protect the information assets of businesses from global threats.
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Risks in
Business Continuity
Ransomware, denial of service attacks, loss of confidential data and theft of intellectual property are increasing threats.