Press Release on signing of Record of Discussion of Project on Mineral Resources Development Plan in Bhutan.
The Record of Discussion for the Technical Cooperation project “Project on Mineral Resources Development Plan in Bhutan” was signed between Mr. Thinley Namgyel, Secretary of GNHC on behalf of Royal Government of Bhutan and Mr. Kozo Watanabe, Chief Representative, JICA Bhutan Office on behalf of Government of Japan, on 28th March 2019.
The Project “Mineral Resources Development Plan in Bhutan” will be implemented by Department of Geology and Mines, MoEA from August 2019 to May 2020.
The main purpose of this technical cooperation project is that ‘Mineral resources are developed based on the proper development plan’.
Through this project, Department of Geology and Mines will fulfill following three outputs:
- Mineral Resources Development Plan is formulated.
- Government officers are well trained for establishing Mineral Resources Development Plan.
- Existence of Mineral Resources in Bhutan is identified, and possibilities for developing the resources are analyzed.
The Ministry of Economic Affairs, Royal Government of Bhutan (MoEA) has requested the Government of Japan to assist in ‘Development of a Master Plan/ Baseline Study on Mining and Minerals Deposit’. In response to the request, the Japan International Corporation Agency (JICA) had series of discussion with the MoEA. The latest discussion being held between the Detailed Planning Survey Team, JICA and the MoEA in September 2017 where both the parties had series of discussion and reviewed the content of the project.
The MoEA expressed that the support from the JICA is very timely as the sector is in the processof bringing major reforms and need for mineral resource development plan has became very critical given that mining sector is recognized as of the five economic jewels for development. The outcome of the project would help in implementation of the Mines and Minerals Bill of Bhutan to achieve the goal of sustainable and responsible mining in the country.