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MINING

Having a program that identifies, manages, and transfers risk can enhance financial and operational resilience and help maintain business viability across the entire mining lifecycle.

More than US$122 billion of underground exposures protected around the world

The global mining industry faces many challenges: softer commodity markets, cost-management challenges, reduced access to finance, and increasing expectations around social, economic, and environmental issues among host communities and regulators. Meanwhile, investors demand operational rigour and capital discipline to ensure sufficient returns from capital-intensive assets and projects.

In an industry where losses may be few but significant, Marsh’s Mining Practice helps you to avoid, manage, and transfer risk across the entire mining life cycle, from capital-raising to mine closure.

Our global team of industry specialists understands the risk challenges faced by the mining and mineral processing industry. We are ready to work with you to help you reduce the probability and potential impact of a loss and ensure your insurance programs provide economic protection.

The result of Marsh’s mining industry expertise: robust, cost-effective risk management and risk transfer programs that enhance the resilience of your business.

Claims Management

Government mine-safety organisations, shareholders, media, and the public are scrutinising your ability to deal with unforeseen events and crises. It’s therefore critical to quantify losses and maximise insurance recoveries in a timely manner.

At Marsh, we understand the challenges following losses: catastrophe management, lost sales, sourcing equipment, and the need to measure complex business interruption and related costs.

Our claims experts are well versed in different mining techniques and associated processing activities. And with more than 100 claims professionals around the world having served mining clients, we are ready to help you in most geographies.

Captive Management

We advise on captive insurance options for mining companies around the world. Our global team of 450 captive professionals comes from a range of backgrounds, including insurance, reinsurance, accounting, taxation, and law.

Recognising that multiple factors need to be considered, we can help you:

  • Identify whether a captive approach is best for your insurance needs.
  • Find the right location, structure, and operation of your captive.
  • Structure the optimal program to place a captive, including limits, premium, and cover.
  • Guide premium decisions and allocate them to support transfer-pricing considerations.
  • Optimise capital deployed within parameters set by the business.
  • Establish and manage your captive in its domicile.
Risk Consulting

With more than 70 years of experience of working with clients in the mining industry, Marsh Risk Consulting (MRC) provides advice, analytics, tools, research, and solutions for a wide range of risk issues. Our goals are to build the resilience of your business by:

  • Reducing the frequency of risk events.
  • Reducing the impact of risk events.
  • Helping you better understand your risk profile and find appropriate protection.

With a wide range of technical skills and capabilities, our dedicated professionals meet your company’s day-to-day needs. MRC offers the following services to help you manage your risk exposures:

  • Risk engineering and risk control (including fire engineering, structures, natural catastrophe, and machinery breakdown).
  • Enterprise risk management (ERM) solutions, including:
    • Risk framework design and implementation.
    • Corporate / strategic risk profiling.
    • Broad-brush risk assessments.
    • Critical control reviews.
    • Principal hazard management planning.Project risk management (including fault-tree analysis, hazard identification studies (HAZID), hazard and operability studies (HAZOP), design reviews, risk management plans).
    • Risk management training.
  • Supply chain management.
  • Business analytics and risk modelling (including loss scenario analysis, and natural catastrophe loss modelling).
  • Business continuity management (BCM), including crisis management and business continuity planning (i.e., development, implementation, training, and plan testing).
Mergers, Acquisitions and Divestments

Corporate activity is returning to the mining sector. Mining companies are responding to changing outlooks by optimising their project and operational portfolios and right-sizing their balance sheets. Meanwhile funds are forming to direct significant capital to new sector opportunities.

Marsh’s Private Equity and M&A Services (PEMA) Practice provides risk and insurance advice that complements traditional financial, legal, and commercial due diligence. Our advice enables both buyers and sellers to better understand the risks in any given transaction and factor them into negotiations and the pricing of a transaction.