to the s. 31 of the Mines’ act, and the corporation’s article of association,
The Mining Investment Insurance Corporation provides these services in order to
decrease the risk of getting the mining license and exploration/discovery
Providing insurance coverage to secure the investments (investment insurance
Insurance coverage for the dangers which may result in permanent or temporary
suspensions of operations like exploration/discovery, extraction, ore dressing
and mineral processing.
Insurance coverage for dangers which might compromise the estimated results in
the approved exploration/discovery operations and mine construction.
Insurance coverage for dangers which may render the extraction, ore dressing or
mineral processing operations uneconomic.
Granting facilities in order to provide for the financial needs of the
investors through credit insurance policies. The Corporation, covering all or
some parts of the unwanted damages to mining activities in all the stages of
discovery, extraction and processing, and guaranteeing some or all the granted
loans to the mining investors through credit insurance policies according to
its rules and regulations, is covering all the damages and dangers to these
activities which overall decreases the risk of investment.
Providing consolers and suggestions to the miners in order for them to come up
with the best decisions in mining activities.