Barrick Gold Approval for Reko Diq in Pakistan
📍 Location: Chagai, Balochistan
💰 Investment: $3 Billion (Pending closure)
🎯 Target Production: 2028
🔧 Construction Start: 2025
🛠️ Project Snapshot:
Project: Reko Diq Copper-Gold Mine
Operator: Barrick Gold Corporation
Status: Project Plan Approved
Resource Base: One of the world’s largest undeveloped copper-gold deposits
📊 Ownership Structure:
Barrick Gold Corp: 50%
Govt. of Pakistan & Govt. of Balochistan: 50% (Jointly)
📈 Strategic & Economic Significance:
Massive Foreign Investment: $3B package set to initiate development
Job Creation: Thousands of direct and indirect jobs expected in Balochistan
Local Development: Infrastructure boost in a remote and underdeveloped region
Revenue Sharing: Inclusive ownership ensures provincial and federal revenue flows
Benchmark Project: Potential model for future large-scale mining investments
🌍 Geopolitical Impact:
Border Proximity: Near Afghanistan and Iran, adding strategic depth
International Attention: Potential to attract global mining and infrastructure investors
Regional Stability: Economic uplift in border region may contribute to long-term stability.
