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Mining operations

Every decision,
well-considered and clear.

RiskOpex makes every risk decision a deliberate business call. Each one is based on the evidence, written down, and open to anyone who reviews it.

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Two problems. One platform.

For you personally

Every call is recorded with the reasoning behind it. You can see it now, and so can anyone who looks later.

A loss inside tolerance is not a mark against you. The record shows the call was sound, and the board can see that.

Good decisions get recognised. The record shows what you delivered.

For the company

See which controls earn their keep and which are dead spend. Every dollar accountable.

One consistent view across all sites. No more three sites giving three different answers.

Risk management that changes what you decide, instead of filling a compliance file.

Not for compliance — for the business.

Box-ticking protects no one. Here is what risk management looks like when it isn't earning its place:

Mining aerial Haul truck

Inconsistent decisions across sites

Same risk, different answer at every location

Risk matrices that don't help you decide

A grid of colours won't tell you what to do

Control spend you can't defend

Real money committed, no proof it was the right call

Approvals that don't show the reasoning

Signed off, with nothing to show the thinking behind it

Complex decisions. Clear options.

The modelling underneath is complex. What you work with is straightforward: weigh the options, see the trade-off, and commit when the case holds up.

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RiskOpex Illustrative — real cases
De-rating the fleet saved $5M a year in wear — and gave up $250M in output.
Every option starts from the same $800M of output. What each one costs you comes off the top — and even the worst plausible year still clears the de-rate by nearly $240M.
DECIDED RESTORE SPEC — FORECAST AS IT TURNED OUT $800M output $800M $700M $600M $500M $400M $545M −$250M output given up to save $5M wear De-rate $791M Average year $787M Worst year 1-in-100 wear + risk barely dent the bar $795M Realised faults never came output given up wear cost ($5M) fault risk ($4–8M) Deductions shown to scale.
De-rateAverage
forecast		Worst
forecast		Realised
Gross output$545M$800M$800M$800M
Wear cost— avoided−$5M−$5M−$5M
Fault risk—−$4M
5 faults, expected		−$8M
11 faults, 1-in-100		−$0
none came
Net output$545M$791M$787M$795M
vs de-rate—+$246M+$242M+$250M
The de-rate was framed around one number: the $5M of wear it avoided. On the full picture, restoring spec added roughly $250M of output against a fault risk that never exceeded $8M — even in its worst plausible year. Putting the whole trade on one axis is what a risk management platform is for.
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RiskOpex Illustrative — real cases
Moving smelter support off site saved a little money — and doubled the odds of a catastrophic freeze.
All three options cost within $730K/yr of each other. The freeze starts at $1B and forces a full shutdown — about $4B all told.
Each bar = chance of the $1B freeze. Wider = more likely. Standard network today · $242K/yr · 1-in-200 1 freeze year in 200 HA, remote specialists proposed · $669K/yr · 1-in-100 2 freeze years in 200 — double the exposure HA, specialists on site $969K/yr · 1-in-200 1 freeze year in 200 — reliable, tail unchanged $1B line freeze → full site shutdown → ~$4B total Remote support made HA affordable by removing the people who keep a freeze from becoming a shutdown.
On expected cost, all three options look alike. The decision isn't about cost — it's about which tail you carry. Remote support doubled the odds of the event that starts at $1B and ends near $4B. On-site HA keeps the tail flat. Pricing the tail, and its downstream, is what a risk management platform is for.

Deliberate by design.

Risk-taking is central to running a mine. The job is to do it well.

RiskOpex makes the reasoning explicit, so every call is made on the merits. Decisions are transparent, shared and easy to document and audit.

The cheapest option carried the worst tail.

After a vendor's global outage, the renewal, the switch, and the cheaper cut-down all cost about the same on average. Their worst years do not.

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RiskOpex Illustrative — real cases
The cheapest security option looked smart on price — and carried a worst year six times larger.
After a vendor's global outage, three options cost about the same on average. Their worst plausible years do not.
Bar = worst plausible year (USD). Average annual cost barely differs between them. $0 $2.5M $6.25M $12.5M Renew CrowdStrike 50% off · ~$566K/yr avg $2M breach + $750K outage Microsoft, EDR for everyone ~$505K/yr avg $2M — cleanest tail Microsoft, no EDR for 1,500 ~$558K/yr avg · looks cheapest $12.5M
Trimming EDR from 1,500 users shaved the certain spend — and multiplied the worst year six-fold.
Same money on average. The decision is really about which tail you carry.

What you walk away with.

Control spend you can defend
See which controls earn their keep and which are dead spend
One picture across every site
The same method, the same answer, wherever you operate
Every decision justified
The rationale is on record before the outcome is known

Who's behind RiskOpex.

Paul Young

Paul Young

Co-founder & Chief Technology Officer
25+ years in mining operations, risk, and digital transformation. Rio Tinto, Newcrest Mining, and 11 years at Centerra Gold — rising to Director of Digital Mines across operations in Canada, the US, Türkiye, and Kyrgyzstan.
Johannes Chudoba

Johannes Chudoba

Co-founder & Chief Strategy Officer
30+ years leading complex programmes, strategic planning, and organisational transformation across four continents. Since 2014, operational risk and digital transformation for gold mining operations.
Mining trucks

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