“Desertification is a natural risk management procedure”?

December 16, 2016

 

The metals market is going through several changes throughout the years. These changes bring along several risks that companies have to deal with.

 

Mihail Manasov from RJH Trading Ltd  gave us an exclusive glimpse on how to deal with the supply chain risks before his session at ComRisk this coming May.

 

Please tell us briefly about your role as well as what you’re currently working on?

 

I am currently working at RJH Trading. I’m involved in all aspects of trading in the company mainly in tin and the precious metals. My role is to manage all the risks associated with the trading business and I’ve been in similar jobs for 25 years.

 

What is your overview of the current metals market?

 

I believe we are in an era of change. There are quite a lot of geopolitical challenges in the Middle East, Asia and the USA. We are facing many changes. We have had cheap money for a very long period of time which inevitably results in different bubbles happening all over the place. I think we live in an interesting time. The only question is will it get more interesting?

 

What would you say are the main risks for your company across the supply chain?

 

As I mentioned, we are a trading company and we are able to hedge most of our metals and currency exposures which leaves only a small part of our minor metals and Ferro alloys business which we have to either trade back to back or have small open positions. Therefore our books are relatively square.

 

Give us a sneak peek on the keys to successfully mitigate supply chain risks?

 

First of all, we have to identify the risk then decide on an implementation of the

appropriate risk management strategies with a combination of the best instruments suited for the same in order to minimize it, while of course keeping the operational risks under control at all times. The only thing I would add is that desertification is a natural risk management procedure and implementation of the know of your customer procedures a must.

 “We have to identify the risk then decide on an implementation of the appropriate risk management strategies with a combination of the best instruments suited for the same in order to minimize it, while of course keeping the operational risks under control at all times”

Any chance you can give us a preview of the topic you’ll address at COMRISK: "Risk management along the metals supply chain”?

 

I plan to cover the 3 main presentation points. I’ll try to identify the risk along the metal supply chain,  how to quantify and monitor the same and try to cover the ways to successfully mitigate these risks from the perspective of both the producers and the consumers of metals and minerals. In the process, I’ll probably cover the management of price and currency risks, operational risks, and counterparty risks as well as the ways to mitigate them.

 

Let us know on!

 

Twitter: Commodities_ppl

Linkedin: Commodities People

 

 

Experience

  • Head of Trading

Company: RJH Trading LTD

Dates employed: Nov 2004 – Present

Employment duration: 12 yrs 2 mos

Location: London, United Kingdom

  • Director

Company: Macedonia Steel Ltd.

Dates employed: Aug 1993 – Nov 2004

Employment duration: 11 yrs 4 mos

  • Shipping Manager

Company: Zomet Trading Ltd.

Dates employed: Jan 1991 – May 1993

Employment duration: 2 yrs 5 mos

  • Shipping Manager in Import Export department

Company: Makpetrol

Dates employed: May 1985 – Jan 1991

Employment duration: 5 yrs 9 mos

 

Education

  • Ss. Cyril and Methodious University Skopje

Degree: Graduated Economist

Field of study:  Economics

Dates attended: 1979 – 1983

  • Activities and Societies: Universiada

High School: Orce Nikolov Skopje

 

See more:

- The Implications of Political Risk on Market Risk: How to commercially manage this risk

- Take it or leave it?

- Risk Management along the metals supply chain

- Tunisia's most bankable sector?

- Will 2017 be the year oils enter a balanced market?

- "Investment banking can provide a real innovation for the trade industry"

- Investing in Mena in 2017 - opportunities and challenges

 

 

 

 

 

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