Mining & Natural Resources

Mining and natural resources sit at the centre of what we do. Every other position in the book is measured against the standard we apply here.

The market

Gold and precious metals, diamonds, non-ferrous and base metals, exploration, brownfield revival, processing and logistics make up the bulk of our exposure. Funds are released against confirmed assay, commissioning and delivery checkpoints, not forecasts.

Security packages usually combine assigned offtake, charges over plant and equipment, pledged licences and insured metal in transit, each independently confirmed before any drawdown proceeds.

Our dedicated mining pages break down each specialist area, including terms under which physical resources may be made available for sale where availability and compliance allow.

How we underwrite it