Pakistan military eyes key role developing giant copper and gold mine – by Drazen Jorgic (Reuters U.K. – March 11, 2019)

https://www.reuters.com/

ISLAMABAD (Reuters) – Pakistan’s military is taking a key role in the development of one of the world’s biggest untapped copper and gold deposits, which is currently stalled by a multi-billion dollar legal wrangle with foreign mining firms, multiple sources familiar with the situation said.

The Reko Diq mine has become a test case for Prime Minister Imran Khan’s ability to attract serious foreign investment to Pakistan as it struggles to stave off an economic crisis that has forced it to seek an International Monetary Fund bailout.

Ten current and former provincial and federal government officials and mining sources familiar with the project in the Baluchistan region say the military has become the most important voice on the future of Reko Diq, which it sees as a strategic national asset.

The military will not only be in a position to decide which investors develop the deposit, but an army-controlled engineering firm, Frontier Works Organization (FWO), is positioning itself to be a member of any consortium involved, these people said.

“This has been taken over by GHQ,” said a senior Baluchistan government official, referring to the Pakistan army’s General Headquarters in the garrison city of Rawalpindi.

For the rest of this article: https://www.reuters.com/article/uk-pakistan-mine-military-insight/pakistan-military-eyes-key-role-developing-giant-copper-and-gold-mine-idUSKBN1QT03K

Comments are closed.