Mining Rehabilitation Guarantee Solutions
The members of Insurety:
Your Challenge The challenge faced by mining companies is how to make provisions for the mine closure and associated rehabilitation costs without tying-up a significant amount in cash for deposits or utilise their credit facilities. Insurety offers a full security guarantee that is; irrevocable, open ended and on-demand, which is normally a requirement from day one.
The Insurety Solution Insurety recognise this challenge for the mining industry and has created a cost-efficient solution that does not tie-up client’s capital. The Insurety member companies mining rehabilitation guarantees have been successfully developed over 17 years to overcome this challenge by providing the required guarantee to the relevant authorities in the country where the mine is located.
17 YEARS
Issued mining guarantees within the group for over 17 years
Exposure split by geography
5%
Europe
€653 MILLION
Valid rehabilitation guarantees of €653 million issued on behalf of the mining industry 115 clients with 500 guarantees
81% Africa
issued across three continents 14 separate State/Municipal beneficiaries Reinsurance capacity backed by the world’s leading reinsurers
14%
Australia & New Zealand
Nordic Guarantee is a leader in the field of contractual guarantees. As part of Insurety International Surety Alliance we have highly experienced teams who are experts in mining rehabilitation guarantees in South Africa, Australia and Europe with a broad base of long-standing international mining clients.
Contact Northern Europe Tommy Högström tommy.hogstrom@nordg.com Örjan Edholm orjan.edholm@nordg.com Rest of Europe Manuel Gomez-Arrones manuel.gomez-arrones@nordg.com Africa Pieter Venter PieterVe@lombardins.com Australia Andrew Calvert Andrew.Calvert@assetinsure.com.au
www.insurety.global