State min­ing benefits

Bhutan Times - - Editorial -

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.

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