Mining

Strategia has a strong track record in the mining sector. We bring together a wealth of experience including a former CEO of Rio Tinto, a CEO of a Tier 1 mining company, a former head of mining & metals at Standard Bank, NEDs for multiple mining companies, chartered mining engineers, Chatham House expert panel members, qualified geologists, mining security experts, together with senior board and executive advisors.

Our mining team has delivered risk management solutions across multiple jurisdictions and geographies including Latin America, West Africa, Central Asia, former Soviet States and Albania.

Our mining services include:

  • ESG risk assurance for investors and mining companies
  • Comprehensive risk reviews
  • Risk strategy planning and design
  • Country entry geo-political risk assessment for asset acquisition
  • Security and stakeholder engagement risk reviews to protect the License to Operate (LTO)
  • Crisis management for lost LTO
  • Tailings Protect an integrated risk managed monitoring solution for Tailings Storage Facilities (TSF)

By working with Strategia you will benefit from the ‘value add’ of our experienced and senior level of Partners, Senior Advisors and Associates. By being independent, ‘on-the-ground’ and by ‘walking and talking’ inside the company, in the communities and with the key stakeholders, including governments, media and NGOs, we are able to identify and gain a deep understanding of the source of the issues and risks facing your company which may not always be apparent to the boardroom, especially ESG and/or LTO related risks. All our teams can deploy worldwide, sometimes very quickly indeed, in order to properly understand the environment in which you operate. As well as providing an experienced ‘boots on the ground’ capability, our teams can also reach back for advice and expertise from our wider associate and partner base, giving you access to the extensive combined knowledge and experience of Strategia.

CASE STUDY – CAUCASUS

CHALLENGE

Prevention of access to mine by violent protesters leading to project delay and an unforeseen cost, tens of $m per week, that was threatening the company’s balance sheet.

SOLUTION

A partner deployed to assess the situation working with the client’s security manager – supported up by Strategia’s regional and ESG expertise on a ‘reach back’ basis. Consultation with company staff, local and national level stakeholders, along with physical reconnaissance of the area, revealed that the issue was multi-dimensional, involving third parties who were active ‘behind the scene’. We then ran a workshop with the mine’s management to explore options to resolve the impasse.

OUTCOME

our recommendations prevented an escalation of the situation that would have been disastrous for the company’s long-term License to Operate.

CASE STUDY – COTE D’IVOIRE

CHALLENGE

A mining company with a concession to establish a gold mine in Cote D’Ivoire were given 12 months to monetize the mine. They asked for a full ‘360’ – technical and non technical – review of the risks to achieving this.

SOLUTION

We partnered with a technical consultancy to conduct a risk assessment which identified that of the ten ‘showstoppers’, eight were ‘non-technical’, ESG and security related risks.

OUTCOME

The findings were a revelation for the CEO who admitted that he and his team had spent 80% of their time focused on only 20% of the (technical) risk. We put together an integrated risk management plan for the company to take to their investors.

CASE STUDY – KAZAKHSTAN

CHALLENGE

At very short notice we were tasked to conduct a risk assessment for a company  considering the purchase of a mine in Central Asia.

SOLUTION

We deployed within 36 hours and delivered an in-country risk assessment within 10 days.

OUTCOME

Our report played a vital role in the Board decision making process.

RISK ASSESSMENT – EAST AFRICA

CHALLENGE

Requested an independent Boad level assurance review of their current risk register, for a new mine in Zimbabwe that was under construction.

SOLUTION

Reviewed current risk register and supporting documents, such as the Environmental and Social Risks Impact Assessment (ESIA) provided to funders.  Then, after a mine visit, held a one day workshop with the senior management team using our ESSTEMPLERC (Environmental, Social, Security, Technical/Operational, Economic/Commercial, Media, Political, Legal, Ethical, Regulatory, Community/People) comprehensive risk assessment methodology.  This was followed up with a written report and a briefing to the company Board.

OUTCOME

The review identified the ten key risks that would threaten the company’s ability to deliver its strategy.  it also identified a number of new key risks and combinations of key risks and the mitigation strategies that need to be put in place to minimise the key risks. Most importantly, it aligned the senior management team and the Board on the areas of key focus.

What our clients say

“Strategia worked with our team on-the-ground to quickly understand, analyse, and propose concrete solutions for a number of complex and inter-connected problems we were facing. The approach they used allowed us to situate the problems that mining companies face in a broader context and develop strategies to better manage risk”

Kelvin DushniskyEx President Barrick Gold

“Strategia’s proactive, integrated approach to managing risk in complex, difficult and challenging environments is unique. It has particular relevance to the mining industry, both for new projects, and for existing businesses which are in challenging circumstances.”

Tom AlbaneseCEO Vedanta

"Strategia conducted a risk workshop for the Karo senior management team by applying their rigorous methodology for identifying risks across a wide spectrum, and, crucially, the relationship between risks. Thanks to their facilitation of the workshop, we identified the ten key risks that may impact the company's ability to deliver our strategy. We also identified a number of new key risks and combinations of key risks together with the mitigation strategies needed. Most importantly, it aligned the senior management team and the Board in what was a brilliant team building day."

Bernie PryorCEO, Karo Mining

Contact Us

To find out more or to speak to us about any of our services,  please contact us by email info@strategiaworldwide

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