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State Mining Corporation - News and Events - News and Events
The State Mining Corporation (STAMICO) is a state owned enterprise which was established in 1972 with the objective of developing mining industry.
Following changes in the economic policies of the earlier 1990’s in favour of private sector led mining industry development STAMICO and its subsidiaries were privatized and others were liquidated. The Government reversed the decision to close down STAMICO through Government Notice No. 88 of 2009, after lessons learned in the performance of the private sector led mining industry development and the need as per Mining Act, 2010 that Government to have free carried or purchased interest in large scale mines.
In that regard, STAMICO’s new responsibilities is to oversee Government interests in large scale mines, invest in the mining sector through mineral prospecting, development and operate mines, mineral trading, value addition, providing services in management of mines, drilling, consultant services to small scale mining and other related business.
In order for STAMICO to implement its new responsibilities and roles it desires to recruit suitable candidates to fill its vacant positions as per its approved organization structure.