The Government of Pakistan has announced plans to rejuvenate the Reko Diq mining project located in Balochistan, Pakistan.
The government of Pakistan (25% stake), the provincial government of Balochistan (25% stake) and Barrick Corporation (50% stake) have reached an agreement to restart the project which has been on hold since 2011.
According to the agreement, Barrick will update the already conducted feasibility study. The mine will have a conventional open pit and milling operation structure. It is envisioned to be a multi-generational mine with an operational period of 40 years. The construction works for the mine will be carried out in two phases. The first phase is scheduled to be operational by 2027/2028 with a production capacity of 40 million tonnes of ore annually. Barrick will be responsible for the operation of the mine.
Country updates
-
-
July 11, 2022
Pakistan approves USD1.48 billion Motorway PPP project
The Executive Committee of the National Economic Council (Ecnec) in Pakistan has approved the project proposal and budget for Sukkur-Hyderabad Motorway (M6) concession.
Read more -
June 22, 2022
Pakistan and Republic of Korea signed a US$1 billion Framework Arrangement
The Government of Pakistan and the Republic of Korea have signed a US$1 billion Framework Arrangement for the financing of various infrastructure projects in Pakistan. Under the arrangement, signed o...
Read more -
May 27, 2022
IFC to support multi million hospital PPP project in Pakistan
IFC has signed an agreement with the Government of Khyber Pakhtunkhwa (GoKP) province to help arrange a hospital PPP project in the provincial capital Peshawar.
Read more -
May 18, 2022
Technical advisor sought for Peshawar Hospital PPP project
The State Government of Khyber Pakhtunkhwa in Pakistan has appointed International Finance Corporation (IFC) as transaction advisor for the development of a 300-bed multispecialty tertiary care hospit...
Read more -
March 31, 2022
ADB provides US$300 million loan to Pakistan
The Asian Development Bank (ADB) has approved a US$300 million loan to further develop Pakistan’s capital markets, promote private investment in the country, and help to mobilize domestic resour...
Read more
