Mining operations

Every decision,
well-considered and clear.

RiskOpex turns risk decisions into deliberate business calls — each one made on the evidence, documented, and clear to anyone who reviews it.

Two problems. One platform.

For you personally

Every call comes with its reasoning attached — clear to you now, and to anyone who looks later.

A loss within tolerance isn't a black mark — the record shows the call was sound, and the board sees it too.

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, three different answers.

Risk management that actually manages risk — not a compliance box-ticking exercise.

Not for compliance — for the business.

Done as box-ticking, risk management protects no one. Here's what it looks like when it isn't working for you:

Mining aerial Haul truck

Inconsistent decisions across sites

Same risk, different answer at every location

Risk matrices that don't help you decide

Coloured squares aren't a strategy

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 — but was the call defensible?

Complex decisions. Clear options.

The modelling is complex. What you see isn't. Weigh the options, see the trade-off, and commit when the case is sound.

RiskOpex Illustrative — real cases
Haul fleet — 798 C/D trucks
The fleet had been de-rated on retarding and payload to work around performance problems. Should it stay de-rated, or run to spec?
Before
The call
Operate trucks at de-rated specs
Risk
Minimise truck faults
Cost
Capacity left on the table
After
The call
Operate at manufacturer performance specs
Risk
Higher fault exposure, managed
Cost
>US$250M additional revenue per year
De-rating felt safe, but it quietly cost a quarter-billion a year. Running to spec was the sound business call — once the fault exposure was sized and accepted deliberately.
RiskOpex Illustrative — real cases
Smelter — High Availability systems
Process control is weighing High Availability systems to reduce outages. The reliability case is obvious. The risk case isn't.
Without HA
Outages
Short, but more frequent
Support
Available on site
Cost / risk
Overtime and minor efficiency loss
With HA
Outages
Rare
Support
Remote only
Cost / risk
A rare outage exposes $4B line-freeze potential
The "safer" upgrade trades frequent minor pain for a rare catastrophic tail — and moves support off site. More availability isn't automatically less risk. That's a call to make with eyes open, not a default.

Deliberate by design.

Risk-taking is central to running a mine — the job isn't to avoid it, it's 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.

Even the "safe" renewal is a decision.

The premium option isn't automatically the low-risk one. Put both on the same basis and the picture changes.

RiskOpex Illustrative — real cases
Security software — 3-year renewal
A Tier-1 premium vendor, just past a significant global security failure, offers 50% off to renew for three years. Take the discount, or move?
Incumbent vendor
Failure probability
Extremely low
Cost
$500K per year
Add-on risk cost
Yes
Alternate vendor
Failure probability
Very low
Cost
$50K per year
Add-on risk cost
None
The discount is a retention play after a failure. On the same basis, the alternate is ten times cheaper and carries less risk — the "safe brand" was the worse call on both counts.

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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