The formation of the State Mining Corporation Limited (SMCL) is a noble initiative of the Royal Government of Bhutan after the government identified mining sector as one of the five jewels to strengthen our economy. After months of ground work and discussions amongst MoF, MoEA and DHI, the government finally decided to place the SMCL under DHI as its 100% subsidiary. The MoEA handed over the Company to DHI on 31st December 2014 during which the company also obtained its certificate of registration. One of key objectives/mandates of the SMCL is to carryout out exploration and mining of strategic minerals including phyllite for export.