SMCL - DHI

State Mining corporation Limited

The formation of the State Mining Corporation Limited (SMCL) is a noble initiative of the Royal Government of Bhutan after the government identified the mining sector as one of the five jewels to strengthen our economy.

Achievements

  • Mined 392,872.02 MT of gypsum from Khothakpa Gypsum Mines and sold 328,336.62 MT;
  • Mined 92,781.80 MT of coal from Habrang, Tshophangma and Khichangpo coal mines and sold 71,920 MT;
  • Produced 52,500 MT of aggregates and sold 25,377.40 MT to the local market;
  • Took over Chunaikhola Dolomite Mine from Jigme Mining Corporation Limited (JMCL) for an interim period along with 129 employees. SMCL paid Nu 60 M for key equipment, machineries and infrastructure to ensure seamless operation of the mine;
  • Commenced operation from November 7 and mined 307,315.15 MT of dolomite of which 279,917.23 MT was crushed;
  • Benefited the private sector with a direct business of Nu 521.77 million.
  • Hired 50 earthmoving equipment, 184 tippers and 383 freelance tippers;
  • Engaged 50 operators, 567 drivers, 110 coal raisers including students, 31 daily wage earners and 7 construction workers.


Company

Particulars

2020

2019

SMCL

Total Assets

1,357.97 M

1,032.93 M


Net Worth

729.50 M

681.77 M 


Income

1,165.90 M

1,432.76 M


Expenditure

634.20 M

952.26 M


PBT

531.69 M

480.50 M


Tax

363.06 M

144.15 M


PAT

0.00 M

336.35 M

Site map
©

Druk Holding & Investments Limited.