Pakistan’s Reko Diq Copper-Gold project in Balochistan is expected to generate $53 billion over the next 37 years and create 7,500 employment opportunities for local communities. Officials informed the Senate Standing Committee on Petroleum that financial closure of the project is anticipated next month, with construction scheduled to begin in 2028.
Phase one of the $7.7 billion mega project requires $3.5 billion in financing, with construction costs estimated at $5.6–6 billion. Phase two, planned for 2032, will require $3–3.6 billion. Once operational, annual production in the first phase is projected at 260,000 tons of copper and 300,000 ounces of gold, increasing to 400,000 tons of copper and 500,000 ounces of gold in the second phase.
The project is expected to significantly boost Pakistan’s exports, attract foreign investment, and strengthen the local economy, while providing extensive job opportunities for skilled and unskilled labor in the region. Authorities say Reko Diq will become one of the country’s largest and most impactful mining ventures.
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