In 2019, the total revenue raked in was Nu. 1432.75M. Total expenditure was Nu 952.25M. Barring some capital expenditure, major portion from the total expenditure was ploughed back into the local community and businesses by way of the above activities. In terms of tax and dividend, Nu. 480.50 M went to the national exchequer. As shown in Table 1, major portion (>67% of total expenditure) of the expenditure is ploughed back into the local community and businesses.
Table 1: Details of expenditures pumped into local community and businesses
EMEs & tippers
27 nos of excavator, 2 nos of rock breaker, 2 backhoe loader and 2 pay loader
60 tippers and one water tanker
Freelance individual Tippers-Transportation of minerals
Gypsum transported from Pema Gatshel to S/Jongkhar & Coal transported from Habrang Coal Mines to Nanglam, Gomtu, Gelephu and P/ling.
Coal raisers (including 66 students)
Awarded on per MT basis
Daily wage earners
Labour charges for gabion wall and ancillary construction works, 8 packages
Private sector development has become the bone of contention in the mining and minerals sector. Nurturing local community and businesses by partnering with them in mining operations to share benefits, we believe is private sector development at the grassroots level besides bridging the gaps in society. If this definition carries some meaning, then involving the state in mining operation gives better overall return to the nation as a whole.
Company had contributed Nu.1.2M in its efforts towards uplifting and providing support to schools, institutes, colleges, lhakhangs and communities during the year. Besides contribution in cash, company also assisted in the construction and pavement of roads, provided aggregates, stones and other construction materials.
The Company believes in what we term as “beyond CSR”, our constant focus and efforts in sharing and accruing benefits to local community and small to medium businesses. We outsource EMEs and transport contracts to local firms, community groups and freelance family business undertakings. We prefer using local expertise, work force and materials in our project work. We use the local labor force to do all manual jobs. We award petty works to local groups through negotiated rates. Only for resources not available in the local populace, we venture outside to meet our requirements