Production Period
The insurance for the Production period is considered for a certain time span during the production. Whenever the mine 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
time span, while the mine is still active. With the confirmation from the
insurer, the operation can stop and the damage would be compensated by the
insurer.