Mining Strategy Consulting & Due Diligence
We are retained for judgement on the decisions that do not survive being wrong.
Sanctioning a build, underwriting an acquisition, settling terms with a host state. We accept mandates only where we can commit senior people to them, and we do the work in-country, in the boardroom and across the table as well as on the page.
What we do
Four practices, each answering one question.
01
Strategic Mandates
Where should the capital go, in what order, and should we make or buy?
We deliver
Decision memo · make-or-buy dossier · risk-adjusted model · strategic review
02
Transaction & Asset Red-Teaming
What is the strongest case against this deal?
We deliver
IC memo · red-team teardown · bankability review · base-rate dossier
03
Resource Risk & Governance
Which risks sit outside the model, and which can the board act on?
We deliver
Sovereign risk map · jurisdictional review · governance review · chokepoint map
04
Field Notes & Briefings
What is the case the consensus is missing?
We deliver
White-label report · thesis note · chart pack · standing retainer
Who we work for
Four kinds of client, each facing a different decision.
Operators
Miners · Energy producers · Infrastructure operators
You are deciding whether to make or buy, how to sequence capital, or where to sit in the value chain. Boards bring us in when a build case needs testing against the base rate before the capital is committed, and when the internal answer has stopped being challenged.
Practices
01Strategic Mandates
02Transaction & Asset Red-Teaming
03Resource Risk & Governance
Capital
PE & infrastructure funds · Project finance & DFIs · Institutional investors
Your committee is about to underwrite resource risk. We argue the other side of the trade with the same rigour the deal team gave its own, so the committee sees the downside priced before the upside is sold.
Practices
02Transaction & Asset Red-Teaming
03Resource Risk & Governance
Research houses
Macro & commodity desks · Strategy teams · Independent research
Your desk needs the supply and demand case the consensus is missing, evidenced to the figure. We supply the analytical spine; the desk keeps the client relationship and the byline.
Practices
04Field Notes & Briefings
Sovereigns
Sovereign-wealth funds · National resource companies · Ministries & state holdings
You are deciding where the nation’s position in the value chain can be defended, and where it is a subsidy dressed as strategy. We advise on strategic exposure and resource sovereignty.
Practices
01Strategic Mandates
03Resource Risk & Governance
How we work
Every mandate follows one method, shown in public.
01 · Context
The base rate, the history, and the number the room has stopped questioning. We establish what is known before anyone offers an opinion about it.
02 · Framework
A defensible structure for the decision: an argument that survives cross-examination and names its own assumptions.
03 · Quantified impact
What it is worth, in figures, with the downside priced before the upside is sold. A number the client can act on and defend.