The rapid development of the global economy has led to an increasing demand for resources. The disparity between the supply and demand of resources continues to be prominent and shows a situation of short supply. Resource investment projects with large amounts and long construction periods face many risks due to various unpredictable factors. Cultural, legal, economic and other environments vary between different countries. Therefore, comprehensive risk identification, understanding, evaluation, and analysis are important prerequisites for the success of mineral investment. In this paper, the risk of mineral resources investment in host countries is identified. A risk evaluation index system is established to objectively evaluate the risk environment of the host country. The risk evaluation index system includes four first-level indexes: political and legal risk, social and cultural risk, economic and financial risk, and natural risk. The subjective weight was determined by sending questionnaires to experts and scholars in the industry and conducting data processing. The entropy method was used to determine the objective weight. Finally, the subjective weight and the objective weight were combined to obtain a group of scientific and accurate combined weights. The matter-element theory was introduced into the cloud model and a risk assessment model based on the cloud matter-element theory was constructed with comprehensive consideration of the fuzziness and randomness of risks. Eight countries with relatively rich mineral resources were taken as cases to verify the model application. The research results provide a theoretical basis and decision-making methods for mineral enterprise investment.

The coarse-grained heat-affected zone specimens of X80 pipeline steel were produced by welding thermal simulation under different heat inputs of 10, 30, and 55 kJ/cm to study the effects of heat input on microstructure evolution and corrosion characterization. The corrosion resistance of coarse-grained heat-affected zones was poorer than that of base metal due to less homogenous in the former. For 10 kJ/cm coarse-grained heat-affected zone, the corrosion resistance was poorer than the others due to the more adsorption hydrogen around the needle-like martensite/austenite constituents and greater galvanic driving force between the needle-like martensite/austenite constituents and ferrite. In carbonate/bicarbonate solution, better corrosion resistance for coarse-grained heat-affected zones was obtained when the heat input is 30 kJ/cm, which can be attributed to the severe coarse martensite/austenite constituents for 55 kJ/cm coarse-grained heat-affected zone. In the H2S environment, the better corrosion resistance for coarse-grained heat-affected zone was obtained when the heat input is 55 kJ/cm, which can be attributed to the protective effect of corrosion products. In addition, the high content of M/A constituents for 30 kJ/cm CGHAZ was good for hydrogen adsorption, which was adverse to the corrosion resistance in acid environments.