The global mining industry faces many challenges and risks: softer commodity markets, cost-management challenges, access to financing, and increasing expectations around social, economic, and environmental engagement with host communities and regulators. Meanwhile, investors demand operational rigor and capital discipline to ensure appropriate returns from capital-intensive assets and projects.
For mining companies, the continued decline of year-on-year average commodity prices maintains the pressure to minimize all overheads. In an industry where losses may be few, but significant, Marsh’s Mining Practice helps companies large and small avoid, manage, and transfer risk across the entire mining life cycle, from capital raising to mine closure.
Our global team of industry experts understands the risk challenges posed by the mining and mineral processing industry. Our consulting offerings can reduce the probability and potential impact of a loss event.
For example, domestic market conditions in the key mining hubs are constantly under review in order to ensure Marsh, global leader in insurance broking and risk management, remains as the authoritative voice in the creation of tailor-made risk management and risk transfer programs. These range from Australia, Canada, South Africa to Latin America and the US: for instance, Chile is the world’s largest copper producer but it is a region aligned not only to inherent mining risks but also has natural perils such as earthquakes.
Our Mining Practice take into account a series of variables including political and monetary stability, regulatory environment, safety records and casualty figures, as well as general wellbeing in the country.
The result of Marsh’s mining industry expertise: robust, cost-effective risk management and risk transfer programs that enhance the resilience of your business.