Mining

Location: Yellowknife, Canada

Scope of Engagement:
  • Flooding of underground diamond mine led to a claimed business interruption loss;
  • Measurement of lost sales and corresponding gross profit.
Quantum:
  • Claim withdrawn after C. Lewis & Company assessment
Unique Aspects of Engagement:
  • Identified that the insured had not considered actual operating results during the reported loss period;
  • Visited the insured’s underground diamond ice mine in order to better understand the unique mining process.

Location: Iquique, Chile

Scope of Engagement:
  • Earthquake damage prevented access to large open-pit copper mine;
  • Measurement of ensuing business interruption loss.
Quantum:
  • In excess of US$60 million
Unique Aspects of Engagement:
  • Calculation of lost work-in-process which included damaged bio-lixiviation piles with 500-day production cycles.