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Reko Diq Copper/Gold Mine Project a boon for Balochistan:
As the controversial legal case and internal resistance around Reko Diq comes to closure upon new agreements between Pakistan and Canadian Firm Barrick, a new era of investments and economic growth awaits Balochistan (1)
As the controversial legal case and internal resistance around Reko Diq comes to closure upon new agreements between Pakistan and Canadian Firm Barrick, a new era of investments and economic growth awaits Balochistan (1)
The summary of new agreement developments are as follows:
- The Canadian Firm would bear the initial capital cost around $7-8 Billion to develop the project
- The Canadian Firms share reduced to 50% as compared to earlier 75%. The remaining 50% is to be shared between (2)
- The Canadian Firm would bear the initial capital cost around $7-8 Billion to develop the project
- The Canadian Firms share reduced to 50% as compared to earlier 75%. The remaining 50% is to be shared between (2)
the Government of Balochistan (35%) and Three Pakistan State Owned Enterprises (15%) i.e OGDCL, PPL and GHPL.
- The share of economic benefits to Pakistan increased to 63 % (financial effect approx $64 Billion) as compared to only 41 % in the previous agreement (3)
- The share of economic benefits to Pakistan increased to 63 % (financial effect approx $64 Billion) as compared to only 41 % in the previous agreement (3)
