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More and more mining companies acquire policies against political risk

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Within the framework of the closing of the thirty-fifth edition of Perumin, scheduled for this September 30, the spokesman for the insurance broker Marsh, César Kahatt, reported that more and more mining companies in the region seeking insurance with coverage against political risks. This covers any material damage suffered by the assets of the companies during the probable events.

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Kahatt explained in perumin (Arequipa) that this insurance has been required after, in recent years, countries in the region with mining potential, such as Chile and Peru, have been immersed in social problems. However, he clarified that, due to the same situation, these insurances are becoming more difficult to obtain and at a higher price.

He also added that political risk insurance does not cover damages due to stoppages, Well, for this type of contingency there is a special insurance.

On the other hand, he pointed out that mining companies are updating the cost of their insured assets, since these depreciated with global inflation. It is worth specifying that, when an insurance is activated, it restores the asset to its value as a new product.

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Source: Larepublica

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