Barrick Gold to raise $3bn for Reko Diq project

Barrick Gold to raise $3bn for Reko Diq project

Says all big western institutions led by the IFC to be part of the financing.

World Bank commits $300 million loan to Reko Diq mining project

The International Finance Corporation (IFC), the private investment arm of the World Bank, will extend $300 million in debt financing for Pakistan’s Reko Diq copper-gold mining project, according to an IFC disclosure released on Wednesday. Reko Diq, located in the Chagai District of Balochistan, Pakistan, is among the largest copper and gold deposits globally. The project is jointly owned by Barrick Gold, which holds a 50 percent stake, and the …

Barrick Gold CEO Mark Bristow Sees Reko Diq Project as Key to Pakistan’s Global Mining Future - Republic Policy

Mark Bristow, CEO of Barrick Gold, declared on Tuesday that the Reko Diq copper and gold project has the potential to catapult Pakistan into the global mining spotlight, serving as a “beacon” for the country’s future. Speaking at the Pakistan Minerals Investment Forum, Bristow underscored the project’s significance, not just for Barrick Gold but for Pakistan’s economic growth and global standing in the mining industry. Bristow expressed strong o…

2nd day sessions of Pakistan Minerals Investment Forum underway in Islamabad

Islamabad: The two-day Pakistan Minerals Investment Forum is underway at the Jinnah Convention Center in Islamabad. Representatives of Reko Diq Mining company briefed the forum about the feasibility study of Reko Diq. They said Reko Diq promises to be one of the most significant Copper and Gold projects globally. They said production of copper and gold from Reko Diq will start in the year 2028. They also highlighted the processes and infrastruct…

Pakistan Minerals Investment Forum Focuses on Reko Diq

The Pakistan Minerals Investment Forum has entered its second day, with a spotlight on the Reko Diq mining project. A detailed session in Balochistan discussed the project’s feasibility, featuring insights from Reko Diq Mining Company representatives. Reko Diq’s Mineral Reserves The Reko Diq mineral reserves cover 286 kilometers, boasting vast deposits of gold and copper. Key highlights include: Geotechnical Drilling: Completed over 29 kilomete…

Reko Diq JV approves updated feasibility study and appoints Fluor for EPCM

Barrick Gold has announced that Barrick Gold joint venture shareholders in Pakistan have approved an updated feasibility study.The post Reko Diq JV approves updated feasibility study and appoints Fluor for EPCM appeared first on Mining Technology.