Mining venture risk: novel econometric methods to integrate joint financial and geological uncertainty into dynamic risk forecasting measures

采矿业在澳大利亚举足轻重：2002-2003年，采矿业为澳大利亚的GDP贡献了339.27亿美元。该项目的成果--复杂的统计和计量经济学工具--将显著提高对需要巨额前期、不可逆转投资的采矿项目的总体风险预测能力，并有助于提高其效率和国际竞争力。由复杂金融和地质系统的数据驱动的创新方法将把价格波动风险和矿体不确定性整合在一个实物期权框架中，为采矿风险提供全面、严格的衡量。斯特拉塔昆士兰有限公司将大力支持和参与已确定的候选人的研究培训，以向更广泛的行业交付发现。

The mining industry is nationally important: it contributed $33,927M to Australia's GDP in 2002-3. This project's outcomes - sophisticated statistical and econometric tools - will significantly improve capability for forecasting overall risk to mining projects requiring vast upfront, irreversible investments, and contribute to its efficiency and international competitiveness. Innovative methods driven by data from complex financial and geological systems will integrate price volatility risk and orebody uncertainty in a real options framework, providing holistic, rigorous measurement of mining venture risk. Xstrata Queensland Ltd will strongly support and participate in research training of an identified candidate to deliver discoveries to the wider industry.