Mining rehabilitation financial security solutions.
Optimising cashflow. Ensuring compliance. Securing rehabilitation obligations across the full life of the mine.
MRUM structures rehabilitation guarantees for South African mining houses, preserving working capital, satisfying the DMR, and securing closure obligations from permit through to closure.
- Fast Approvals
- Specialist Underwriting
- Long-term partnership approach
ABOUT MRUM
A Bryte DRME approved panel
Mining in South Africa continues to make an important contribution to the lives of employees, communities and the country through the fiscus, taxes and royalties, by providing jobs, education and training, and by investing in social projects and infrastructure.
SARS export data for the first six months of 2023 recorded mined material exports of R575.0 billion, approximately 58% of South Africa’s total exports to its trading partners.
R575bn
H1 2023 MINED EXPORTS
58%
OF TOTAL SA EXPORTS
MPRDA
ACT 28 OF 2002
When a mining company applies for a permit, the approval process requires it to lodge an Environmental Management Programme Report (EMPR) produced by an external professional with the Department of Mineral Resources.
In the context of mining, rehabilitation refers to the process whereby the damage done by mining operations is repaired to make the land safe and stable. The EMPR sets out, upfront, how the mining company intends to handle rehabilitation and the approximate costs.
Per the Mineral & Petroleum Resources Development Act 28 of 2002, read with the National Environmental Management Act 107 of 1998, all mining operations in South Africa require a financial provision to be in place during the life of a mine, on premature closure, or at final closure to guarantee that sufficient funds exist to undertake rehabilitation.
ENVIRONMENTAL MANAGEMENT PROGRAMME
MPRDA ACT 28 OF 2002
DMR & ENERGY REGULATOR
NEMA ACT 107 OF 1998
OUR SERVICES
Specialist mining rehabilitation expertise.
- Specialist mining rehabilitation expertise
- Flexible financial security structure
- Long-term partnerships
- Long-term commitment to the mining sector
- Responsive service
- Strong market relationships
- Strong underwriting discipline
- Strong insurance and reinsurance backing
MITIGATION OF A CLAIM
We focus on prevention , not the payout.
Proactive monitoring
Regular review of annual rehabilitation assessments, financial performance, and regulatory compliance..
Early intervention
Engagement with clients well before issues have a chance to escalate.
Claims expertise
Dedicated specialists assess guarantee demands and ensure contractual compliance.
WHY MRUM
A specialist underwriter, purpose-built for mining rehabilitation.
Backed by Bryte on the panel of approved guarantors with The Department of Resources and Energy and led by a team with five decades of guarantee underwriting experience.
Approved Market
Bryte is on the panel of approved Guarantors with The Department of Resources and Energy.
Extensive Experience
The MRUM team has in excess of 50 years experience in underwriting guarantees.
Solutions Driven
A pragmatic, structured approach, built around the mine, the EMPR and the funding profile.
R150M Capacity
Per client capacity, supported by strong insurance and reinsurance backing.
