By 2029 government wants to raise the GDP contribution of the mining and quarrying industry from Nu 4.63 billion to Nu 9.09 billion. The Finance Ministry declared that ERBs can now be submitted as bank guarantees rather than just cash deposits. ln accordance with the Mines and Minerals Management Regulations 2022 to guarantee that mining operations have as little adverse environmental effect as possible. The execution of the policy will be supervised by the Ministry of Energy and Natural Resources, which will manage bank guarantees in accordance with standards created after stakeholder input. The approved FMFS and ERB estimation algorithm determines the ERB amount based on parameters such area coverage, overburden, and actual mineral output.
Different ERB rates are defined by regulations according the size and kind of mine. As stated in the authorized FMFS, mining companies are required to keep incorporating environmental protection measures into every aspect of their operations. In the fiscal year 2025–2026, the government intends to examine and simplify the Mines and Minerals Management Act of Bhutan 1995. Dolomite, gypsum, limestone, quartzite, coal, marble, talc, slate, graphite, and other minerals are among the nation’s substantial mineral reserves. It is anticipated that dolomite will last 169 years if extraction increases by 15-20% every year. The mining industry covers 3,319.86 acres of land in Bhutan, and about 40% of the country has been geologically surveyed. With a net present value of USD 4.35 billion, the total estimated reserve of the top five minerals is 14,800 million metric tons.