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Wednesday, May 14, 2025
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Reko Diq

Reko Diq project nears financial closure with $3bn investment expected

The financial closure of the Reko Diq copper-gold mining project is anticipated next month, with significant involvement from major international financial institutions, as revealed...

IFC commits $300 million to Reko Diq mining project

The International Finance Corporation (IFC), the private investment arm of the World Bank, has pledged $300 million in debt financing for the Reko Diq...

Barrick Gold approves copper-gold project in Pakistan: Bloomberg

Canadian mining company Barrick Gold Corporation has provisionally approved plans to develop the expansive Reko Diq copper-and-gold project in Pakistan. The company expects to...

Barrick’s Reko Diq project targets $2 billion in financing for development

International lenders will provide over $2 billion in financing for Barrick Gold's Reko Diq copper and gold project in Pakistan, with term sheets expected...

Govt to pay 15% of Balochistan’s share for Reko Diq Phase-II financing

The federal government has agreed to cover Balochistan's 15% equity share for financing Phase-II of the Reko Diq project.This decision followed discussions between Federal...

Reko Diq holds $60 billion worth copper and gold reserves: study confirms

The Reko Diq project is expected to yield 13.1 million tonnes of copper and 17.9 million ounces of gold over the 37-year life of...

Pakistan to host mineral development conference in April

Pakistan is taking major strides to position its mining and mineral development sector as a key driver of economic growth and stability. With an...

Rs1.79 Billion allocated for Reko Diq security

The government has approved a funding boost to support the security of the Reko Diq gold and copper project, amid the ongoing law and...

Cabinet ministers addresses key development, security issues in Balochistan

A high-profile federal delegation, including key ministers, secretaries, and heads of federal departments, met in Quetta on Thursday to discuss unresolved federal matters concerning...

Biafo industries joins Reko Diq mining amid Saudi investment interest

Biafo Industries Limited (PSX: BIFO) has entered into a contract with Reko Diq Mining Company (Private) Limited (RDMC) to provide blasting services for civil...

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