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The "Mining investment Insurance Company (MICO)" was established in line with the country's macroeconomic strategies and according to the article 31 of Mines act 1998 with the mission of strengthening and protecting investment in the mining sector.  The main goal of MICO is enhancing sustainable development in the mining sector by insuring and supporting investment in mining activities and coordinating of these investments activities.

MICO is the sole specialized insurer in the mining sector with the covering the risk of mining activities through the whole chain of mining industry.