A model for minimizing risks while ensuring the economic security of coal industry enterprises

Introduction. The gradual recovery of business activity, adaptation to the transforming conditions of the new structure of international trade relations, and a sharp increase in industrial production in South-east Asian countries and especially in China have spurred demand for Russian coal. Despite the many favorable factors that have developed in the coal market, it is worth noting a number of problems, the main of which are the sanctions of unfriendly countries against coal companies and their owners. Accordingly, the issues of increasing the economic security of coal industry enterprises are coming on the agenda with new threats and aspects that require new approaches to solving modern problems.

Purpose. The aim of the study was to develop a model for minimizing risks while ensuring the economic security of coal industry enterprises. The objectives of the study were to study approaches to the concept of economic security and the role of risk minimization in ensuring the economic security of coal industry enterprises.

Methods. The theoretical and methodological basis of the research was the fundamental knowledge of risk management and economic security, as well as reflecting the industry specifics of the coal industry. Methods of analysis and synthesis, comparative analysis, induction and deduction, graphical interpretation of data were applied in the work, as well as systematic and causal approaches were used to consider the coal industry as part of the national economic security system, to identify the relationship between the processes of minimizing risks and ensuring economic security.

Results. The author's model of minimizing risk factors while ensuring the economic security of the coal industry is presented, which reflects the author's view on this process. A distinctive feature of the author's approach is an extended system for monitoring and collecting information about possible sources of risky events.

Conclusions. The article proves that the improved model of minimizing risk factors while ensuring the economic security of the coal industry takes into account environmental changes using a system of indicators reflecting the emergence of potential risk events, which allows you to take into account the maximum number of risk factors and assess the degree of their impact on the activities of enterprises in the industry under study.

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