» Documents needed for Insurance cover » The ore dressing unit exploitation and mineral processing period

The ore dressing unit exploitation and mineral processing period (a decline in the price, temporary suspension)

The insurance for the exploitation period is considered for a certain timespan during the ore dressing and processing unit exploitation. Whenever the unit is active, and the selling price of the minerals gets lower than the estimated price because of market conditions and oscillation, there would be an agreement between the insurer and the insured, and the insurer would pay the damage resulted from the difference of the minerals’ estimated price and selling price during the agreed timespan, while the unit is still active. With the confirmation from the insurer, the operation can stop and the damage would be compensated by the insurer.