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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.
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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.

Mining Market Update 2024

Marsh’s latest Mining Market Update provides in-depth analysis of current global insurance market conditions for mining risks, featuring market commentary from key mining hubs, including Africa, Asia, Australia, Canada, China, Latin America, and the US.

Explore the report

Featured insights

Telecommunication towers with wireless antennas on sunset sky.

Article

23/10/2024

A new approach to enhancing tailing dam safety and simplifying the insurer reporting process

To help address the pressing need for enhanced tailings dam safety, Marsh has developed the Tailings Dam Self-Assessment (TDSA), which helps mining companies simplify the assessment process.

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Article

06/05/2024

Geopolitics and geology: Enhancing mining companies’ resilience amid political risk uncertainty

The mining sector is no stranger to political risk, with mining companies being challenged by geopolitical trends and government policy in resource nationalism, export restrictions, regulation, trade disputes, and supply chain disruption.

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Article

16/04/2024

How Sub-Saharan Africa mining companies can reduce risk and increase attractiveness to investors

To succeed, mining companies operating in Sub-Saharan Africa must prioritise risk mitigation strategies. Addressing political instability and investing in infrastructure development are crucial steps towards unlocking the region's potential in the green economy.

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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, organisational resilience is increasingly important. Risk management solutions can provide you with insights in relation to:

  • Review: Analysing, 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.

Talk to us

Contact us to get in touch with an industry or risk subject matter expert, learn more about a specific solution or submit a sales/RFP inquiry.

Contact us