NU Online News Service, March 7, 2:25 p.m. EST
The biggest challenge to the mining industry is not the risks, but an inaccurate 50-year-old “pick and shovel” image, according to an underwriting expert.
Chandler Cox, president and chief executive officer of American Mining Insurance Co. tells NU Online News Service, “Most people have an image of mining like it was 50 years ago—a pick and a shovel—and it’s much different than that. It’s highly automated, highly sophisticated, and a highly regulated industry.”
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