Category Archives: Mining

Why a well-run energy industry workforce underpins effective asset risk management

Piper Alpha. Longford. Texas City. Deepwater Horizon. Everyone in the energy industry knows about these landmark energy losses, and everyone fears another one. But apart from being catastrophic, each of these occurrences has one common thread — human error. Where … Continue reading →

Despite Anthony Hilton’s warning, energy insurance products are still valuable say risk managers

There’s no doubt that both the energy and insurance industries are facing challenging times. Low oil prices are driving cost-cutting and workforce layoffs, at a time when the insurance markets are beset by over-capacity and a dwindling premium income base. … Continue reading →

The E.U.’s General Data Protection Regulation – Are the Natural Resources industries ready?

On April 14, 2016 the European Parliament voted to adopt a new data protection law for Europe, the General Data Protection Regulation (GDPR). The regulation will come into effect on May 25, 2018. The purpose of the regulation is to … Continue reading →

2017 trading conditions: The “new normal” for the energy and insurance industries?

Willis Towers Watson has just launched our 2017 Energy Market Review.  Despite an encouraging uplift during the last 12 months, the energy industry is still beset by some significant challenges, including  low oil prices, cost control pressures, workforce layoffs, onerous … Continue reading →

Six reasons why the mining industry outlook remains uncertain

mine-railway-underground

Last September we released our first Mining Risk Review as Willis Towers Watson. We entitled the review “Dealing with Uncertainty” – but on the eve of our North American Mining Conference in Toronto next week, what exactly are these uncertainties? … Continue reading →

U.S. interest rates key to natural resources industry risk

When we surveyed top executives from natural resources firms across the globe earlier this year on what they saw as the biggest challenges their firms faced, we learnt that many C-suiters rated currency and interest rate fluctuations high among their … Continue reading →

Mining under pressure

Mining may be our oldest industry — it predates agriculture by tens of thousands of years — but that doesn’t mean it’s predictable. In 2016 mining companies all over the world face pressures that are testing their leaders and risk … Continue reading →

Energy and mining execs fear a special kind of political risk

The Natural Resources Risk Index found the risk of "creeping expropriation" most troubling to many energy and mining executives. Continue reading →

Regulatory change requires creative thinking for natural resources industries

New SMCRA rules could considerably cut recoverable reserves of some mined materials, costing the industry billions of dollars and potentially causing the loss of numerous jobs. Continue reading →

The risk manager of the future

Some people miss the good old days. I don’t. I’ve been around since the days when business was done on a napkin with people who were more like buddies than business partners and yes, when the deal was done, there … Continue reading →