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
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 – LATIN AMERICA
A comprehensive risk diagnosis by a small team highlighted existential challenges to a Tier 1 gold mining company’s Licence to Operate (LTO), and therefore to company operations as a whole.
Following withdrawal of license and closure of mine, a team deployed to write the LTO strategy needed to protect company value and reputation, drawing on the earlier risk assessment. As a result, their license was restored .
The client is now in a position to implement a strategy for mitigating risk across the business and achieve its long-term vision. Value protected: $2 billion.
CASE STUDY – CAUCASUS
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.
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.
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
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.
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.
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
At very short notice we were tasked to conduct a risk assessment for a company considering the purchase of a mine in Central Asia.
We deployed within 36 hours and delivered an in-country risk assessment within 10 days.
Our report played a vital role in the Board decision making process.
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