The transition of mineral exploration and production into ever more challenging geographies means that companies are increasingly faced with political interference, physical insecurity and socio-environmental issues.
Drawing on decades of experience both on the ground at mine projects and advising management teams, Maplecroft’s mining practice provides companies with the tools and insight they need to bring predictability to their decision-making, reduce overheads and liabilities and optimise stakeholder relationships.
Maplecroft’s multi-award-winning Global Risks Portfolio (GRP) integrates issues, such as conflict, regime stability, corruption, human rights abuses, climate change and natural disasters. This intelligence enables our mining clients to identify, monitor and manage all above-ground risks to their business down to site-specific levels through our qualitative reports and the unique bank of data contained within our 160+ quantitative risk indices and interactive maps.
Maplecroft also offers mining firms a range of professional services to help them sustain their license to operate in mineral rich emerging economies. This includes an award-winning reporting service, human rights due diligence, impact assessment and monitoring, and ethical supply chain management.
With over 160+ risk indices and interactive maps, Maplecroft analyses the most pressing issues impacting the agro-commodities sector down to site specific levels. Indices and maps include: climate change vulnerability; natural hazards; water stress; food security; corruption; legal and regulatory risks; political risks; poverty and development; and reputational threats arising from complicity with labour rights and human rights violations in the supply chain.
Maplecroft’s indices and interactive maps are available individually or can be accessed through seven thematic risk atlases, which aggregate key issues.
Maplecroft’s Atlases are updated annually and provide maps, indices and scorecards for up to 197 countries, as well as analysis of the key issues, methodologies and data sources.
Global Risks Atlas
Assesses the strategic risks that impact the global value chains of business, as well as the ability of national institutions to mitigate them. Includes 36 risk indices and interactive maps assessing macroeconomics; security; resource security; climate change; and pandemics; governance risks and societal resilience.
Political Risk Atlas
Appraisal of traditional political risks including: conflict, terrorism, rule of law and the regulatory and business environment; as well as structural challenges affecting political stability such as resource security, climate change and human rights. Includes 50 political risk indices, maps and scorecards for 197 countries.
Legal and Regulatory Environment Risk Atlas
An ideal tool to help organisations identify and monitor legal and regulatory risks, such as corruption, corporate governance, regulatory framework, respect for property rights. Includes 21 indices and maps, scorecards for 173 countries, in addition to an assessment of the implementation of ten key legal instruments.
Human Rights Risk Atlas
Analyses 31 different human rights violation categories – including seven composite indices covering human security, labour rights and protection, civil and political rights, access to remedy, complicity and lack of rule of law, reporting environment, and overall human rights protection – across 197 countries.
Climate Change and Environmental Risk Atlas
Provides comprehensive analysis of the key risks to business in the areas of climate change vulnerability and adaption; emissions and energy use; environmental regulation; and ecosystem services. It includes 23 interactive maps and indices, which have been developed to identify, evaluate and compare climate change and environmental risks down to 25km2 worldwide and provide insight into current and emerging trends.
Natural Hazards Risk Atlas
Evaluates the risks and resilience to the occurrence of natural hazard events in 197 countries. Includes indices and interactive subnational maps of 12 natural hazard risks, as well as scorecards for all countries. The Atlas also measures overall economic exposure and socio-economic resilience to natural hazards.
Growth Markets Atlas
Provides an evaluation of economic performance, investment conduciveness, recent structural reforms and projected future demographic trends, including growth of middle class consumers. Maplecroft divides its scoring across the three indices evaluating Growth Performance, Growth Environment and Growth Potential. The Atlas includes 17 indices and scorecards for 173 countries.
Maplecroft’s briefings and in-depth reports help mining companies to monitor and manage a wide variety of operational and reputational risks. These empower them to understand the full spectrum of extra-financial risks associated with investing in, or sourcing from, a country or sub-national region.
Maplecroft monitoring and reporting system
- Baseline in-depth reports (25+ pages): Produced at the outset of the year or at an agreed alternate annual date to provide substantive background analysis and due diligence review of key issues and risks (the governance framework; political risk and violence; the economy; the regulatory and business environment; human rights and society; and natural hazards, environment and climate change). In addition the reports integrate GIS derived, sub-national maps and provide stakeholder viewpoints on risk and key recent events.
- Weekly, Monthly, Quarterly Monitors (1 page scorecards for key watch countries): Offering quantitative country risk scores and trends of increasing, unchanged or decreasing risk across key risk areas and qualitative analysis of significant recent events and outlooks across the core risk areas. Developed to focus on issues driving changes to risk scores and our forecast for the next quarter including implications for sectors.
- Trigger briefings (2-4 pages): Concise analysis and forecasts that are activated when the risk within a country changes significantly, as shown in the monitor. These focus on the issues driving changes to risk scores and the implications for business.
- In-depth update reports or tailored specific reports (25+ pages): Produced when more in-depth analysis is required on the back of the trigger briefing and pertaining to sectors or business specific
Issue specific reports
- Mining sector country risk reports (30+ pages): Comprehensive analysis of the specific risk issues affecting mining companies in countries worldwide. Analysis covers areas such as licence administration; resource nationalism; labour and safety standards; localised security; environmental concerns; and corruption; as well as more general risks to business such as the governance framework; the regulatory environment; and human rights. In-depth reports also incorporate key trends, forecasting, stakeholder views, recent events and GIS-derived sub-national maps that can include overlays of mineral reserves, assets and indigenous communities.
- Resource nationalism briefings: In-depth analysis of resource nationalism trends within a country or a range of countries. The briefings offer detailed information on the issue; history of resource nationalism within the country; analysis of current political dynamics; forecasting of potential risks to the mining sector and key recent events.
- Labour standards reports: In-depth analysis the major labour risks affecting the operations and supply chains of mining companies at the country and sub-national level. They provide in-depth analysis; country scores; trends; stakeholder viewpoints; recent events and sub-national maps of labour rights and protection.
- Maplecroft's Election Monitor: Delivered in two parts, the pre-election instalment provides background information, analysis and forecasts of results and their potential impacts on the mining sector, while the post-election monitor analyses the results and assesses the implications for business.
- Corruption risk briefings: In-depth assessment of the risks of corruption throughout company supply chains and operations in countries worldwide. The briefings analyse the effectiveness of the domestic legislative framework in tackling corruption and the prevalence of corruption in the public and private sectors.
* Maplecroft’s products are available for all countries and can be tailored to client specifications. For more details visit Maplecroft’s Global Risks Portfolio.
Custom country / sovereign risk calculators enable mining companies to select and compare risk indices to create scorecards that quantify risk for all countries. The Interactive Dashboard also allows mining companies to combine their own compliance and country risk data with Maplecroft’s indices and to create bespoke indices, maps and risk scorecards using a proprietary online interface.
Increasingly, mining and engineering companies recognise the impact that political, economic, social and environmental risks have on their profits and corporate reputations and are building assessments and monitoring into their risk review systems. Maplecroft’s professional services help organisations unlock significant financial benefits through successfully sustaining their license to operate in mineral rich emerging economies.
Maplecroft has an award-winning reporting service and is a leader in conducting human rights due diligence, impact assessment and monitoring for mining companies. The company also has longstanding experience in ethical supply chain management, with the capability to custom-build monitoring and reporting tools that map the intrinsic risk exposure and risk management proficiency of all a firms’ suppliers.
Specialised services for mining companies
- Sustainability and social impact assessment, reporting and policy development
- Project risk identification and assessment, mapping and monitoring through all life-cycle phases
- Stakeholder mapping, engagement strategy and consultation support
- Anti-corruption risk analysis and programme development
- Human rights and labour standards analysis and auditing
- Global value chain risk auditing
- Scenario building and horizon scanning
- Custom-built GIS (Geographic Information System) global and project-specific mapping capability
- Assessment and compliance tools: Equator Principles, Voluntary Principles on Human Rights and Security, Extractives Industries Transparency Initiative, IFC Performance Standards, etc.
01Establishing sustainability leadership for a precious metals producer
Maplecroft has supported a major precious metals producer for the past two years in its efforts to achieve ‘full-spectrum’ sustainability leadership. During this time the company has received numerous external accolades and third party recognition (including from host governments) for its commitment to sustainable mining.
Our work for them includes:
- Tailored risk monitoring, including development of a customised, online company dashboard and accompanying analysis.
- Risk management and on-going engagement programmes at mine operations across three continents.
- Development of an integrated mine lifecycle approach to global risks and Sustainable Development (SD) planning.
- Board-level SD strategy consultation and implementation, including scenario-planning and trend analysis.
- Production of its award-winning integrated annual report.
02Managing supply chain risks for a major gold mining company
Maplecroft was contracted by a major gold-mining company to provide its procurement function with a comprehensive solution to managing environmental, social and governance (ESG) risks associated with its global supply chain of more than 10,000 companies of various sizes.
- To facilitate this Maplecroft developed a closely-scoped and highly interactive online information portal, into which the company was able to upload its basic supplier information for a pre-screening process that sorted and identified its highest-risk suppliers as a combination of their country of operation, type(s) of service or product provided, and size and materiality of spend.
- Suppliers flagged as of concern from this initial screen were then invited to complete an online self-assessment questionnaire specially developed for the client by Maplecroft in order to assess the risk management proficiency for each service provider.
- The functionality of the web-based analysis system enabled the client automatically to allocate each supplier assessed to different follow-up actions, such as audits or direct engagement on required process improvements to ensure future compliance with the company’s code of business conduct.
- Features also include daily-updated information on emerging ESG risks, a central, secure storage centre for the company’s relevant policies and codes of conduct and the generation of individual supplier ESG risk ‘scorecards’ and multi-supplier risk matrices to enable company comparisons.
Maplecroft’s tailored supply chain questionnaire and risk calculator enabled the company to provide substantially improved corporate reporting on its ESG supply chain risk management and local procurement performance in both its annual report and accounts, and its broader communication with stakeholders.
03On-the-ground risk assessments of mining projects in West Africa
Maplecroft is supporting a pioneering minerals producer in West Africa, as it seeks to expand its operations and achieve international financing. Our work for them has included a detailed, on-the-ground risk assessment to help provide assurance to investors and to enhance the company’s own risk management proficiency.
- Detailed field work, including engagement with community representatives, public officials, regulators and local NGOs, as well as internal engagement with senior management, discipline managers, trade union representatives, and many others.
- Evaluation of the latent risks facing the project, which have the potential to undermine business sustainability in the short-, medium- and long-term (including historical analysis).
- Evaluation of the current ability of the company to effectively manage these risks, including relevant policies, management systems, resources and capabilities – as well as established approaches.
- Identification of the residual risks remaining – and suggestions as to how these can be further reduced by the company through the application of international best practice.