Legislation stipulates that all mining operations are required to make provision for environmental rehabilitation during and at closure of the mine to the Department of Mineral Resources (DMR). This provision may be made in the form of a Guarantee, Cash deposit to the DMR or Section 37A Trust.
A Cell Captive is valuable risk management tool and can successfully assist clients in establishing a vehicle in which they can insure their own risks, effectively becoming their own insurer. As the owner of the captive you are able to share in the underwriting profits of the facility. It further improves cashflow by reducing the expense factors associated with conventional insurance.
We assist clients in setting up insurance structures within a cell captive to provide for: