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During the lease period, SMCL will pay a mining license fees of Nu 3 billion (Nu 200 million a year) for the Chunaikhola dolomite mines and Nu 1.125B (Nu 75M a year) for Khothakpa gypsum mines to the government. The MoU, according to the statement from MoEA, is expected to promote socially responsible and environmentally friendly sustainable ...

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Dolomite and gypsum mines leased to SMCL for Nu 4.125B

The government handed over the Khothakpa gypsum mine to SMCL for an interim period of two years from January 1, 2019, immediately upon the expiry of gypsum lease to Druk Satair Corporation Ltd (DSCL). SMCL made a net profit, after tax, of Nu 336.35M due to support and co-operation from DSCL with 100 percent employees during the takeover.

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Mining: The 15-year lease for the Khothakpa gypsum mine in Pemagatshel will expire on December 31 2018. Druk Satair Corporation Ltd (DSCL) has been extracting gypsum from the Khothakpa gypsum mine for the last 22 years since 1994. Although, it is not yet determined, with the on-going debate in Parliament on the state mining policy, if the …

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