Mari Energies Limited (PSX: MARI) has taken a significant step in its diversification strategy by securing a controlling stake in key mineral exploration licenses in Balochistan’s Chagai district. Its wholly owned subsidiary, Mari Minerals (Private) Limited, has finalized an agreement to acquire an 87.5% interest, along with operatorship, in multiple exploration sites.
This strategic acquisition was made through an agreement with Sanjrani Mining Company (Pvt) Limited. Covering a vast 40-square-kilometer area, the deal is subject to regulatory approvals. Mari Energies aims to establish a strong presence in the mining sector, particularly focusing on copper and gold exploration.
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Once the necessary regulatory clearances are obtained, a dedicated project company will be set up to oversee and manage all exploration operations. The move aligns with Mari Energies’ broader vision to diversify its investment portfolio and contribute to Pakistan’s mineral development sector.
By stepping into mineral exploration, Mari Energies is positioning itself as a key player in the country’s resource extraction industry, ensuring long-term growth and value creation.
