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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.
Each option starts from the same $800M of output, less what it costs. Even in the worst plausible year, restoring spec still beat 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 judged on one number: the $5M of wear it avoided. Restoring spec added roughly $250M of output, against a fault risk that never exceeded $8M even in its worst plausible year. RiskOpex shows both sides of that trade at once.
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RiskOpex Illustrative — real cases
The cheaper support option was the most expensive choice.
Remote support cut the running cost. It also doubled the expected loss from a catastrophic freeze, from $5M to $10M a year. Counting both, it costs the business the most.
Total annual cost = certain support cost + expected loss (probability × impact) $12M $10M $6M $3M 0 $5.0M expected loss $5.2M total Standard on-site IT · today $10.0M expected loss — doubled $10.7M total HA, remote support proposed $5.0M expected loss $6.0M total HA, on site more reliable, same tail certain support cost expected loss = chance of a $1B freeze × impact
The freeze is a $1B event that forces a full shutdown, closer to $4B for the business. Expected loss here is figured on the $1B direct event. Impact and probability figures provisional.
The three options cost about the same to run. What sets them apart is the expected loss from the freeze. Remote support saved on staff and doubled that loss, because the people it removed are the ones who stop a freeze becoming a shutdown. On the full cost, on-site support is the sound choice.

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.

A 50% discount can be the wrong question.

The vendor that caused the largest IT outage in history offered half price to renew. That frames the choice around price. Framed around price plus risk, the answer changes.

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RiskOpex Illustrative — real cases
Half price from the vendor that caused the outage, and still not the best call.
A 50% discount frames the decision around price. Count the spend and the risk you keep carrying, and switching costs less overall.
Total annual cost = certain spend + expected loss (probability × impact) $600K $400K $200K 0 $230K risk $336K spend $566K Renew, 50% off the tempting offer $2M worst year $230K risk $275K spend $505K · best Switch to Microsoft EDR for everyone $2M worst year $377K risk $181K $558K Switch, cut corners no EDR for 1,500 $12.5M worst year looks like a bargain costs less overall spend expected loss
The discount makes renewal look obvious. But the spend is only half the cost; the rest is the risk you keep carrying with a vendor whose failure just played out in public. Switching to full protection costs less all in. Cutting protection to save more brings a $12.5M worst year of its own.

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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