Abstract: With the continuous development of China's economy and society, the demand for mineral resources is gradually expanding, while the supply of China's own mining resources is seriously insufficient, and the degree of dependence on foreign countries is increasing.In order to ensure the safe supply of national strategic mineral resources, "Going out" is an inevitable choice for Chinese mining enterprises, especially state-owned enterprises.The overseas mineral investment experiences of Chinese enterprises show that nearly half of the project operations are not as expected, mainly because Chinese enterprises do not have a good understanding and control of risks.Under the background of state-owned mining enterprises, this paper puts forward risk management methods to provide references for overseas investment risk management and control.Aiming at the five stages of mining industry value chain, combined with the process of risk identification, analysis and response, risk management mode are proposed.Through the qualitative evaluation matrix identification of risk sources, the basic risk sources are preliminarily evaluated.Combined with the possibility and influence degree of risk occurrence, quantitative judgment is made.Based on the results of risk analysis, the risk response form is made to provide a plan for risk disposal.Finally, three lines of defense of risk management and control are constructed to clarify the effective executor and mechanism of risk control, so as to reduce the uncertainty of project implementation and improve the success rate of investment.