Feb. 21, 2011 - The top revenue contributors among private businesses for the last fiscal year to THIMPHU government are all mining companies, with Jigme mining company leading the list. Jigme mining paid Nu 57M as corporate tax, followed by Druk Satair with Nu 38.5M and SD Eastern coal company with Nu 37.4M.
Jigme mining won the rights to mine two dolomite mines in Pugli, Samtse in May 2005, after it bid Nu 390M as license fee, and Nu 60 a metric tonne (MT) mined, and sold as royalty, mineral rent and other environmental fees in an open auction. The lease is for 15 years.
Last year, the company mined more than a million tonnes of dolomite. In the previous year, the quantity mined was 889,54MT.
Dolomite is colourless, white, pinkish or bluish rocks, mainly consumed by ferro alloys and iron and steel industries in India. Steel companies used it to make refractory bricks, which are used to line steel furnaces. The company carries out excavation, crushing and screening after which it is sold out to the markets in north east India, Assam, West Bengal, Orissa, Jharkhand and Bihar. It also sells some negligible amount to Bangladesh.
Jigme mining won the rights to mine two dolomite mines in Pugli, Samtse in May 2005, after it bid Nu 390M as license fee, and Nu 60 a metric tonne (MT) mined, and sold as royalty, mineral rent and other environmental fees in an open auction. The lease is for 15 years.
Last year, the company mined more than a million tonnes of dolomite. In the previous year, the quantity mined was 889,54MT.
Dolomite is colourless, white, pinkish or bluish rocks, mainly consumed by ferro alloys and iron and steel industries in India. Steel companies used it to make refractory bricks, which are used to line steel furnaces. The company carries out excavation, crushing and screening after which it is sold out to the markets in north east India, Assam, West Bengal, Orissa, Jharkhand and Bihar. It also sells some negligible amount to Bangladesh.
