Reimagining closure
from an afterthought to a boardroom priority
Creating commercial value from closure
Connecting capital to commercial opportunities that maximize the value of landholdings.
Acquisition / divestment support
Supporting deal teams to optimize closure liabilities through the transaction lifecycle.
Governance and decision-making
Integrating closure decisions into management structures that ensure governance and assurance arrangements balanced relative to the risk.
Smart solutions for
closure’s toughest challenges
Closure positioning and strategy
Repositioning closure as a strategic financial lever for the C-Suite and senior leadership teams.
Mathematical models for closure
Empowering closure professionals to develop business cases that add economic value through reductions in volatility.
Connecting closure to capital
Connecting alternate forms of capital to fund closure execution and transitions.
Leveraging the captive balance sheet
Innovating an internal insurance company to create bespoke products that support closure execution and stakeholder needs.
Smart solutions for closure’s toughest challenges
Most mining companies lack visibility into how their closure provisions compare or where they are exposed. We bring a financial lens to closure, going beyond engineering design. Our closure benchmarking studies provide a quantified view of your current position, showing how your liabilities stack up against peers, where funding gaps exist and what’s driving cost escalation. Through this, mining companies can assess their position and develop a robust closure planning strategy.
Our approach
Benchmarking against industry peers
Closure liabilities in mining are outpacing balance sheet expansion, with provisions expected to surpass industry debt within the next decade. We provide a clear comparison of closure provisions against key financial indicators like debt, revenue and cash flow. Through facilitated discussions, our reports help companies benchmark their position and explore ways to bridge funding gaps.
Tailored benchmarking studies
Funding multi-year, non-revenue-generating closure costs can strain debt capacity, dilute earnings and deplete cash flow. Our benchmarking studies integrate internal datasets with public financial data, helping mining executives identify financial gaps and develop strategies to embed financing into closure planning.
Integrated financing solutions
Defensive capital for long-tail liabilities does not compete well with growth capital. Understanding liability risk is key to unlocking optimal financing solutions. By quantifying closure risks, we support the implementation of funding strategies, giving access to financial tools like internal financing, innovative insurance structures and external instruments such as bonds and debt financing.
Most mining companies lack visibility into how their closure provisions compare or where they are exposed. We bring a financial lens to closure, going beyond engineering design. Our closure benchmarking studies provide a quantified view of your current position, showing how your liabilities stack up against peers, where funding gaps exist and what’s driving cost escalation. Through this, mining companies can assess their position and develop a robust closure planning strategy.
Most closure models are engineered for compliance, not capital.
We build financial models that translate qualitative risks into quantified exposure. Through scenario-based simulations and
stress-tested methodologies, we provide credible valuations that underpin provision setting, capital planning and investor confidence.Closure liabilities often compete with growth for capital and end up losing. We design funding strategies that make closure financially viable. That includes internal options like captives and external instruments like bonds, debt and risk capital that support multi-year closure execution and reduce exposure to future financial shocks.
Transforming mine closure challenges into strategic opportunities
by leveraging deep mining risk expertise and pioneering closure risk financing to protect miners' balance sheets and attract investment.
From legacy assets to active sites, closure costs are rising rapidly. To make closure executable, fundable and audit-proof, companies need sharper tools, stronger governance and models that stand up to capital scrutiny.
At Ryerson Networks, we treat closure like a balance sheet problem, not a purely engineering and community relations exercise. Our frameworks bring a novel perspective to closure challenges, shaped by experience advising global companies through similar liability transitions.
The clock is
ticking on mining’s trillion-dollar challenge
Closure is no longer distant or optional. Over 400 mines are expected
to close in the next decade, with costs rising 200% to 2000% above
original estimates. With liabilities now exceeding USD 1.4 trillion, closure
is attracting scrutiny from investors, ratings agencies and lenders.
As unfunded provisions risk overtaking reported debt, closure must be treated as a financial risk. Governed, capitalised and strategically managed.
Smart solutions for closure’s toughest challenges
01
Closure
benchmarking
Most mining companies lack visibility into how their closure provisions compare or where they are exposed. We bring a financial lens to closure, going beyond engineering design. Our closure benchmarking studies provide mining companies with a quantified view of their current position, showing how liabilities stack up against peers, where funding gaps exist and what's driving cost escalation. This helps companies assess their position and develop a robust closure planning strategy.
Our approach
Benchmarking against industry peers
Closure liabilities in mining are outpacing balance sheet expansion, with provisions expected to surpass industry debt within the next decade. We provide a clear comparison of closure provisions against key financial indicators like debt, revenue and cash flow. Through facilitated discussions, our reports help companies benchmark their position and explore ways to bridge funding gaps.
Tailored benchmarking studies
Funding multi-year, non-revenue-generating closure costs can strain debt capacity, dilute earnings and deplete cash flow. Our benchmarking studies integrate internal datasets with public financial data, helping mining executives identify financial gaps and develop strategies to embed financing into closure planning.
Integrated financing solutions
Defensive capital for long-tail liabilities
does not compete well with growth capital. Understanding liability risk is key to unlocking optimal financing solutions. By quantifying closure risks, we support the implementation of funding strategies, giving access to
financial tools like internal financing,
innovative insurance structures and external instruments such as bonds and debt financing.
02
Governance design
& strategic planning
Poor governance is the hidden driver of late-stage surprises and cost overruns. Our approach replaces fragmented, site-led control with lean, centralised teams empowered to act decisively. By aligning closure to capital planning and engaging regulators early, we enable faster decisions, clearer accountability and better financial outcomes.
03
Risk quantification
& financial modelling
Poor governance is the hidden driver of late-stage surprises and cost overruns. Our approach replaces fragmented, site-led control with lean, centralised teams empowered to act decisively. By aligning closure to capital planning and engaging regulators early, we enable faster decisions, clearer accountability and better financial outcomes.
04
Capital strategy
& funding access
Closure liabilities often compete with growth for capital and end up losing. We design funding strategies that make closure financially viable. That includes internal options like captives and external instruments like bonds, debt and risk capital that support multi-year closure execution and reduce exposure to future financial shocks.
Smart solutions for closure’s toughest challenges
01
Closure
benchmarking
Most mining companies lack visibility into how their closure provisions compare or where they are exposed. We bring a financial lens to closure, going beyond engineering design. Our closure benchmarking studies provide mining companies with a quantified view of their current position, showing how liabilities stack up against peers, where funding gaps exist and what's driving cost escalation. This helps companies assess their position and develop a robust closure planning strategy.
02
Governance design
& strategic planning
Poor governance is the hidden driver of late-stage surprises and cost overruns. Our approach replaces fragmented, site-led control with lean, centralised teams empowered to act decisively. By aligning closure to capital planning and engaging regulators early, we enable faster decisions, clearer accountability and better financial outcomes.
03
Risk quantification
& financial modelling
Poor governance is the hidden driver of late-stage surprises and cost overruns. Our approach replaces fragmented, site-led control with lean, centralised teams empowered to act decisively. By aligning closure to capital planning and engaging regulators early, we enable faster decisions, clearer accountability and better financial outcomes.
04
Capital strategy
& funding access
Closure liabilities often compete with growth for capital and end up losing. We design funding strategies that make closure financially viable. That includes internal options like captives and external instruments like bonds, debt and risk capital that support multi-year closure execution and reduce exposure to future financial shocks.
Impact we deliver
Fund closure before it stalls your strategy
Avoid last-minute capital shocks and unlock financing early.
Put closure on equal footing with growth
Bring closure into the core of capital planning.
Speak to investors with credibility
Back your closure story with numbers that hold up.
Insights
that matter
Lessons from what we've seen,
solved and scaled on the frontlines.
Smart solutions for
closure’s toughest challenges
Closure positioning and strategy
Repositioning closure as a strategic financial lever for the C-Suite and senior leadership teams.
Mathematical models for closure
Empowering closure professionals to develop business cases that add economic value through reductions in volatility.
Connecting closure to capital
Connecting alternate forms of capital to fund closure execution and transitions.
Leveraging the captive balance sheet
Innovating an internal insurance company to create bespoke products that support closure execution and stakeholder needs.
Creating commercial value from closure
Connecting capital to commercial opportunities that maximize the value of landholdings.
Acquisition/divestment support
Supporting deal teams to optimize closure liabilities through the transaction lifecycle.
Governance and decision-making
Integrating closure decisions into management structures that ensure governance and assurance arrangements balanced relative to the risk.
