| Islamabad: Barrick Gold has expressed a keen interest to invest USD 7 billion into the revival of Reko Diq mining project, according to a news source on September 6.
Read: Karachi witnesses surge in construction activity amidst rising cement sales
The news source mentions that the Reko Diq project will not only be Pakistan’s largest foreign direct investment but is also a crucial source of copper.
Barrick Gold Chief Executive Officer (CEO) Mark Bristow emphasized the project’s significance, deeming Reko Diq as one of the most prominent yet undeveloped copper-gold ventures on a global scale. Barrick aspires to commence mining activities in 2028, pending the outcomes of an ongoing feasibility study. Bristow emphasized the substantial impact of copper mining, particularly within emerging markets, stating ‘Any copper mine right now is a big deal.’
Read: Monthly House Tax imposed in 16 tehsils of Punjab
Beyond economic benefits, Bristow envisions Reko Diq as a catalyst for much-needed regional development. His approach highlights the importance of early distribution of benefits and dividends to foster community growth. |
|
