The signing of the long awaited $6.4 billion Reko Diq mining agreement is now expected to take place next month. This is regarded as one of the most important projects of Pakistan. Final multi-lateral financing arrangements are nearing completion, with arrangements now in place for financing via the UK and US Export Import (EXIM) Banks, the World Bank and Asian Development Bank (ADB), all of whom have commitments as part of the agreement between all the major international stakeholders.
One of the largest undeveloped copper and gold deposits in the world is Reko Diq, which lies in Pakistan’s mineral rich Balochistan province. Once operational, it should have an annual output of over 200,000 tons of copper and 250,000 ounces of gold for 40 years.
The project is a joint venture between a Canadian headstone mining giant, Barrick Gold Corporation, and the Government of Pakistan in partnership with the Government of Balochistan. Canadian mining corporation Barrick Gold, which owns 50% of the project, has been clear that it will develop the mine under international environmental and operational standards.
For the rest of this column: https://www.eurasiareview.com/09052025-pakistan-global-backing-for-reko-diq-oped/