Reko Diq Project News Mining Pakistan:

Reko Diq Mining Project Balochistan Pakistan:

The government of Balochistan desires to obtain significant benefits from the Reko Diq. Reko Diq is the small town in Chaghi Balochistan province Pakistan) copper, uranium, and gold mining project, instead of that, they can not tolerate the misuse of the province’s natural resources; it was mentioned by the Minister of Mines & Minerals Balochistan. In addition, he said that there are some reservations concerning the agreement with the Tethyan Copper Company (TCC), the government is discussing with it, if the talks become positive and appear, well, otherwise the Chinese companies are also interested in this project. 

Reko Diq Gold Mines

The Mining Company Report:

The Mining exploring company has already accomplished its exploration period and has submitted its Feasibility Report to the government of Balochistan.

World’s major mining companies Antofagasta Minerals of Chile and Barrick Gold of Canada both companies that have formed the Tethyan Copper Company as a joint venture for exploration are eager to invest approximately $3.3 billion in the Reko Diq project with the Government of Balochistan.

Experts concerning natural resources mining services assumed that countries, such as Chile, Peru, Argentina, and Tanzania had gained profit from their undeveloped mineral potential succeeded in lifting their economies by producing and facilitating an environment for private mining investment and somewhat widely open their mineral resources for their country’s economic growth and development and their people prosperity.

Useful Measurements:

The effect of these measurements by the government had proved very fruitful for the people and the economy. With this perspective, the Reko Diq project has the potential to provide a similar momentum and development to the Pakistani economy which is now very low because of the world economic recession.

This national wealth of Reko Diq does not stand for anything for the people of Balochistan if it resides as seditious as it has for hundreds of years. Balochistan people getting ignored for many years now it is time that they must get their rights.

One expert mentioned that there is no mineral policy in the country; the issues of misuse of the mineral resources of the country will keep suggestive of the country until and unless a proper policy is formulated.

Pakistan could be benefited from this project earn 10 times the amount of this mineral being processed and sold in a refined form. If the government takes it seriously for the development of both people and the country. Balochistan mineral resources are valuable only if acknowledged, dug out in a proper method, processed, and sold to the commercial markets internationally.

TCC Company Investment:

The exploration company has already invested approximately $200 million in the project if it moved in the right direction then it is expected that it would be better for Pakistan's poor economy because this precious project could attract more foreign investment in the country for the mining sector. This is more beneficial for the country's economy and the government will not take more debt from foreign organizations.

If the government is serious and wants to take advantage of this project it would bring technology, while the province’s labor, health, environmental, and safety standards would be upgraded and would have a plentiful outcome on the overall economy.

The mining exploration company which is working presently also plans to invest extensive capital in community development, and especially in skills development of local people it will create new jobs for the local people and people will be skilled by training.

The Project Effect:

According to the TCC source, the Reko Diq project is estimated to produce 22 billion pounds of copper and 13 million ounces of gold for more than fifty (56) years. And the recent information is that the total worth of this natural wealth is about 500 Billion US dollars. Some experts in Pakistan said that we can explore our country’s natural resources but on the contrary, some scientists and experts concerning the exploration stated that we are not completely capable to get all minerals in the area, for that we need help from abroad exploration experts.

With the passage of time now the local people are realizing the development of this project. The project will benefit plentiful if it was properly used. The government of Pakistan and Balochistan both must take serious and advantageous steps and they must reside in political issues in this regard. Because it is a question of the country and people's development.