EXPERT GUIDANCE THROUGH THE FUNDAMENTALS OF METALS PRICE RISK MANAGEMENT
CRCI’s mission is to embed the needed skills into your business, whether starting or upgrading your management of price risk.
Metals price risk damages the bottom lines of many capable companies. Sources can be difficult to identify as it’s hidden in their processes, and internal structures are not in place to track or mitigate them. Commodity Risk Control Inc. (CRCI) brings decades of price risk management experience across a wide range of base and precious metals businesses.
Industries Served:
Mining, Smelting, Refining, Recycling, Alloying, Galvanizing, Die Casting, Wire & Cable, Specialty and Stainless Steel, Alloying, Extruding, Hedge Fund, Private Equity, Physical Trading
Client Locations:
Australia, Singapore, India, Canada, Chile, France, Denmark, Sweden, Finland, Poland, Germany, Bahrain, Netherlands, Belgium, Spain, UAE, UK, USA
CRCI supplies years of diverse experience to build the best solutions for your unique risk problems.
ABOUT
Michael is a veteran industrial price risk manager with 35-plus years of hands-on experience identifying and managing price risk for mines, smelters/refineries, processors, end users and traders around the world. He brings additional insight developed through his commercial experience with raw materials through to refined metals.
Over the course of his work, he’s designed, implemented, maintained and improved price risk management platforms for producing and trading businesses involved with a range of base and precious metals. His years of experience in industry were spent with Noranda, Falconbridge Chile, Xstrata Copper and Glencore, and as an advisor since 2014, serving clients around the globe.
Michael has post-graduate degrees in geoscience and business and has working experience ranging from office to plant to field. He has lived and worked in different cultures, having resided in Canada, Chile and the UAE, and is known for his adaptive work style. In addition to being co-editor of the LME’s “Managing Metals Price Risk”, he has contributed to the industry through his participation on the boards of organizations like the Copper Club, the Silver Institute, two LME committees and has been the invited Expert Member on the Board of the London Metal Exchange.
CRCI works with boards, risk committees, commercial teams, operations, finance and accounting departments to create tailored solutions.
SERVICES
Identifying Risks
Defining risks and their sources
Modelling Price Risk
Mapping size, timing and impact
Developing Risk Policy
How risk must be managed and who must do it
Goals & Benchmarks
Establishing targets and measurement
Risk Process & Systems
Installing systems and the processes that support them
Execution Enablement
Organizing agreements and administration
Function Alignment
Eliminating cross-purpose behaviors and activities
Meaningful Reporting
Creating and adapting reporting for clear understanding
Control Structure
Configuring processes, limits, cross checks and making non-conformance visible
Support Networking
Introducing service and data providers that will be needed
Education and Change
Insightful instruction and helpful assistance to implement change
Expert Witness
Years of deep experience applied for situation analysis and legal disputes
Every business function needs tools and structure, and so does managing price risk. CRCI provides the guidance needed to build them.
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