Insights
Lessons from what we've seen, solved and scaled on the frontlines
Designing the
future of closure governance
Capitalising on the failure of first-gen models to build a blueprint for change
Early closure governance frameworks set out to control costs, stabilise provisions and extract value from legacy assets. In practice, weak incentives, fragmented authority and poor financial discipline saw liabilities climb and late-stage risks multiply.
This whitepaper analyses where first-generation models went wrong and presents a next-generation design, to turn closure from a compliance burden into a source of financial and operational value.
Mine the gap
Unlocking the strategic risk-financing potential of captives
Mining risks, such as Tailings Storage Facilities and long-tail closure liabilities, are unique, rare and high-stakes. They do
not follow a statistical curve; they follow engineering logic. Traditional insurance products, however, rely on the law of
large numbers and are designed around annual renewal cycles.
As a result, most mining captives operate primarily as tools to access reinsurance markets for annual renewals. Mine the Gap challenges the status quo and examines why captives are one of mining’s most underutilised strategic assets.
This whitepaper explains how captive-driven modelling can bridge the gap between engineering realities and financial decision-making. It presents a framework for evolving captives from pure insurance tools into strategic financial vehicles
that support long-term capital planning, strengthen defensive business cases and enable innovative risk financing solutions.
Financial assuranceperspective
Closure lessons learned from managing pension liabilities
Unfunded closure and decommissioning liabilities are climbing into the trillions, creating unprecedented challenges for operators winding down end-of-life assets. This whitepaper draws lessons from the pensions industry to show how proven strategies can be applied to ensure closure obligations are met sustainably and in full.