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Mining

The complexities of mining project lifecycles require understanding that goes beyond traditional ways of managing risk. Our 300 dedicated global specialists deliver robust, cost-effective risk management and risk transfer programs that enhance project resilience.

The global mining industry faces many challenges: commodity price fluctuation, remote operations and extended supply chains, COVID-19 impacts, cost management, 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.

Marsh’s mining and minerals specialists help companies large and small avoid, manage, and transfer risk across the entire mining lifecycle, from junior exploration to mine closure.

With an in-depth understanding of the industry and broad advisory capabilities, we support miners, contractors, traders, and mining financiers with anticipating and proactively addressing the changing risk profile of your projects and the environments in which you operate.

The Global Risks Report

The top risks for 2024 and beyond. Data and insights from more than 1,400 global experts and leaders.

Featured insights

White sand mining tractor

Report

11/16/2023

Mining market update 2023

Marsh's latest Mining Market Update features market commentary from key mining hubs, and in-depth analysis of current global insurance market conditions for mining risks.

Truck loading minerals gold mine

Article

06/16/2023

Mitigation strategies for mining companies navigating economic and political risk uncertainty

Demand for minerals and metals is soaring due to the pressures of industrial development in emerging markets, as well as progressing electrification and decarbonization.

Big dump truck loading for transport minerals gold,Mining industrial at Thailand

Article

11/03/2021

2021 Mining market update

Marsh’s Mining Market Update analyzes current global insurance market conditions for mining risks and includes market commentary from the key mining hubs of Australia, Canada, China, Latin America, South Africa, and the US.

300

mining specialists worldwide

20

mining-focused offices

$750m

Approximately US$750 million of mining premium placed in the market

FAQs

Insurance programs will vary throughout the stages of the lifecycle and the operations of the business. However, they generally include:

  • Material damage and business interruption
  • Contractors all risks and delay in start up
  • Third party liability
  • Directors and officers liability
  • Marine cargo and stock throughput
  • Workers’ compensation
  • Security focused risks (i.e., political risks and political violence, terrorism and sabotage, kidnap, ransom, and extortion)
  • Cyber
  • Personal accident and life assurance

In the face of heightened volatility, organizational resilience is increasingly important. Risk management solutions can provide you with insights in relation to:

  • Review: Analyzing, modelling, and assessing the strategies, procedures, and safeguards that your company has in place from a project and corporate risk perspective.
  • Restructure: Designing new strategies for identifying and mitigating risk, including risk transfer program design.
  • React: Specific services to support your company in the event of a loss or if your company becomes distressed.
  • Recover: Managing the aftermath of an incident or loss, and enabling your company to get back to business as soon as possible.