Madhyapara mine faces crisis as stone sales drop, extraction at risk

Stone extraction at Madhyapara Granite Mining Company Limited (MGMCL) remains normal, but a sharp decline in sales has created a new crisis. The mine yard is nearing full capacity, raising fears that production may have to be suspended.

Mine sources say the yard currently holds about 1.446 million tonnes of stone—almost at its storage limit. With extraction continuing and sales slowing, stockpiles are growing. Officials warn that if space runs out, extraction may need to be halted temporarily.

Several officials said a shutdown would disrupt equipment management and manpower deployment. Prolonged suspension could also increase financial losses.

The mine began making profits shortly after production and management were handed over to Germania Trust Consortium (GTC). Production increased and management discipline improved. However, demand has fallen due to slow implementation of large public and private projects and delays in procurement processes.

Experts say the crisis could be eased by prioritising Madhyapara stone in government infrastructure projects and reducing reliance on imports. This would also help save foreign exchange. They stress the need for faster procurement and stronger coordination among ministries.

Mine authorities warn that daily losses will mount if extraction stops, reducing government revenue. A long-term disruption could weaken the company’s financial position.

Local residents say thousands of people depend on the mine, including workers and those involved in transport, spare parts supply and other services. A local labour leader said the entire regional economy would suffer if operations were suspended and urged authorities to find alternative markets quickly.

Managing Director Engineer D. M. Jobayed Hossain said the issue has been reported to higher authorities. He emphasised the need to prioritise the use of Madhyapara stone in public projects and expressed hope for a prompt decision.

Stakeholders say expanding markets, improving marketing strategies and exploring export opportunities are essential for the state-owned company’s sustainability. Without stronger sales support, the mine may face renewed uncertainty despite steady production.