$6.4 billion The Reko Diq mining agreement is anticipated next month.
The anticipated signature of the $6.4 billion Reko Diq mining agreement is scheduled for next month, with final preparations in progress for loan facilities from prominent international lenders, including the US and UK EXIM Banks, the World Bank, and the Asian Development Bank.
The funding framework encompasses contributions from both the federal and Balochistan governments. The overall project cost includes a $3.4 billion contribution from Pakistan’s federal government, of which $1.7 billion is designated for Balochistan via the Petroleum Division’s allocation.
Upon financial close, anticipated shortly after the signing of the contract, worldwide investment inflows of approximately $3 billion are projected. Production at the Reko Diq facility is anticipated to begin around three years following financial closure.
In the inaugural year of production, total revenues for the federal and provincial governments are anticipated to attain $3 billion, providing a significant enhancement to national and regional financial accounts.
Situated in Balochistan, Reko Diq is among the greatest untapped copper and gold reserves globally. The restoration is regarded as a crucial advancement in augmenting foreign direct investment and rejuvenating Pakistan’s mining industry.
