|Original name:||འབྲུག་གི་གཏེར་ཁ་དང་ ས་གཏེར་དཔྱད་ཡིག་༢༠༢༠ ཅན་མ།|
|Name:||Mines and Minerals Bill of Bhutan 2020.|
|Subject(s):||Mining and quarrying workers|
|Type of legislation:||Law, Act|
|Entry into force:|
|Bibliography:||Legislation on-line Ministry of Economic Affairs, Bhutan PDF (consulted on 2020-11-25)
Legislation on-line Ministry of Economic Affairs, Bhutan PDF of Bill (Dzongkha Version) (consulted on 2020-11-25)
|Abstract/Citation:||The Act increases the public share of mining through a broad-based ownership system. Public share, which were previously set at 30 percent, have increased to 49 percent. This is in line with the ‘narrowing the gap’ policy, which aims to reduce the inequalities between citizens in Bhutan. Other changes include:
- The Act establishes the Bhutan Mining Authority (BMA).
- lessees are to ensure a preference in employment of the community in which they operate and be given priority to buy equity stake in the mining company. The affected community is to be compensated through benefit sharing scheme as
prescribed by the Authority in the Community Development Agreement. The Authority is also to set up a Community Development Fund into which the lessee is to send money as required under the benefit sharing scheme.