State mining benefits
espite of having concerns from the private sectors and the private miners that the state mining corporation will potentially take away some mining opportunities and business at hand, but the government had decided to establish state mining corporations. The corporations will be owned and operated under DHI.
During the 16th meet the press session last Thursday, Economic Affairs minister Lyonpo Norbu Wangchuk said that with the state mining corporation, there have been concerns from the private sectors and one of the predominant concerns especially from the private sectors in general but especially the private miners concerns was that the state mining corporation will potentially take away some mining opportunities and take away the business at hand.
He said that the another dimension to this concern was that that state mining corporation would be inefficient as mining company and the example would be that of the Natural Resources Development Corporation Limited (NRDCL).
So the state mining corporation therefore has a big role to play in deciding how to manage our strategic resources as well. He further said that they are acutely aware that state own enterprises elsewhere are not efficient, not affective and will put the resources into waste if we are not careful. The government has signed a memorandum of understanding (MoU) with DHI and even instructed the DHI that state mining
D corporation should lead as a leader company in the mineral sector setting examples in scientifically extracting minerals to be able to adopt best practices of mining and be able to develop expertise in the mining which is the serious challenges that they are facing presently. Soon DHI is task to bring best professional, best technology and best mining practices.
While the resources of the state has to benefit the nation as a whole and not single individual, the establishment of the state mining corporation will help in the gaping of income disparity between the Bhutanese have and have-nots which is increasing yearly. The state mining will also have key technical knowhow in the mining sector so that the private individuals can learn and follow , The corporations will also provide employment to the young Bhutanese youths and invest in human resources development.
As mining in Bhutan has been full of controversies it becomes very important that mines are managed well with capable and experienced administrators which seem to be lacking in private sector. Further the corporations will help in the generation of revenue to the government which is substantially low in mining sector now.
The mineral deposit must benefit the larger Bhutanese populace and not the handfuls. It will stop rat hole mining that make quick money from the mineral deposits and has little benefit to the country as a whole.