Chinese firms and Pakistani business groups have secured mining leases in Balochistan alongside Barrick Mining Corporation, expanding development around the Reko Diq copper-gold project. The project is considered one of the world’s largest undeveloped mineral reserves and is expected to significantly boost Pakistan’s mining sector.
Pakistan International Bulk Terminal (PIBT) will handle exports of copper and gold concentrate from Port Qasim beginning around 2028. Officials estimate exports from the first phase at about $2.7 billion annually, potentially rising to $5 billion after expansion, providing major support to Pakistan’s export economy.
Authorities say infrastructure upgrades, including storage and cargo-handling facilities, are underway to support large-scale mineral exports. While security and regional connectivity remain challenges, officials remain confident the project will strengthen Pakistan’s role in global mineral trade and regional transit connectivity.
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