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This corporation was founded in order to reach a sustainable development in mining, having assurance and guarantee in mining investments and conducting these investments towards the country's macro goals. All this took place according to section 31 of the Islamic Consultative Assembly's 1998 act of investments' insurance regarding mining activities. The statute was ratified in a meeting with the cabinet on June 6, 2001, based on the offer 12375/700 by the Ministry of Industry and Mining on February 16, 1999. This corporation is an insurance company which covers the risks of investment in exploration, extraction and mine processing. This corporation works with the banks and other organizations which are willing to facilitate loans and working capitals. This corporation is ready to cooperate with any risk taking facilitator (banks or other organizations).