Public Accounts Committee (PAC) holds consultation with Royal Audit Authority (RAA) on the Performance Audit Report on the Operations of State Mining Corporation Ltd (SMCL)
PAC held a consultative meeting with RAA on the Performance
Audit Report on the Operations of SMCL on August 5, 2024 in Lhen-Zom Khangzang,
National Assembly.
RAA carried out the Performance Auditing of SMCL for the
period January 2015 to December 2022 to primarily assess the operational
efficiency and effectiveness of SMCL in delivering its mandates. It focused on
four areas of Strategic management, Operations and management, HR management
and development, and Compliance to social and environmental norms. SMCL has
four coal mines, one gypsum mine, one stone quarry and one dolomite mine in
operation. It has a mandate to develop strategic minerals and increase the mineral
sector’s contribution to the national economy. Based on the findings of the
Performance report, RAA proposed some recommendations to SMCL to improve its
overall efficiency and effectiveness.
As mandated by the Constitution of the Kingdom of Bhutan,
PAC will review the performance audit report of SMCL and report to the
Parliament during the upcoming winter session. As a part of its preparatory
process, PAC will hold consultation with the relevant stakeholders and make
filed visit. The Performance report was tabled during the First Session of the
Four Parliament in July 2024.
