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.