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.

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300

mining specialists worldwide

20

mining-focused offices

US$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.