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Pakistan’s Ambassador to United States Masood Khan speaks in a meeting. — APP/File
#6tr #treasure #trove #untapped #Pakistani #minerals
LAHORE: In 2023, the Pakistan Mineral Development Corporation claimed that the country had a deep 6 trillion dollars worth of minerals in its uneven areas, where ancient mountains and sun deserts were struggling to make human struggles for by -era.
Pakistan’s ambassador to the United States, Masood Khan, also quoted the figures, while on September 14, 2023, met with a group of US senators and representatives of Connecticut. The CEO of the CEO of Toronto -based Barrack Gold Corporation was also broadcast on Tuesday by the CEO of the ECO to invest in the country in Pokistan. Love, still widely unused, natural resources. The CEO of Barack Gold Corporation, a mining company that produces gold and copper with 16 operating sites in 13 countries, revealed that Rico Deck Mines in Balochistan had 15 million tonnes of copper and 26 million ounces of gold. Shared the feasibility report completed in 2024, Mark Bristow emphasized that the first production of the project will start with 240,000 tonnes of copper and 300,000 ounces of gold in 2028, while Phase two aims to increase production by 400,000 tonnes of copper and 500,000 ounces of gold. In a national daily report on March 26, 2025, details of a feasibility study were also detailed, which confirms the presence of more than $ 60 billion worth of copper and gold reserves.
At the prices of Balochistan’s Rico Deck Project, which indicated that three public -owned energy sisters double their commitment to funding close to $ 1.9 billion. The newspaper says: “Based on the current reserves of Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited and Government Holdings (Pvt) Limited, MECOD QDIQs, Rs. The total output is more than $ 60 billion, including $ 54 billion and $ 6 billion copper. It is important to note that on December 31, 2024, the federal cabinet approved the sale of 15PC shares in the Rico DIQ project to Saudi Arabia under a $ 540 million contract. In 2011, Pakistan refused to lease the Taithin Copper Company (TCC), which is a joint venture between barracks gold and anatovagista minerals, which cited irregularities. The TCC discovered sufficient copper and gold reserves in the Rico Deck and planned to invest billions in its development. The company filed for international mediation, claiming that Pakistan violated the bilateral investment agreement. In 2019, the World Bank’s International Center for Investment disputes ruled in favor of the TCC, giving it a Billion 6 billion damages.
To avoid heavy fines, Pakistan spoke to Barrack Gold and reached a settlement in 2022. The agreement restored the project with a new ownership structure, which gave the federal and provincial governments 50pc shares, while the barracks Gold maintained the second half. Apart from copper and gold, Pakistan also has important reserves of various jewelry, including emerald, ruby, pakaz, sapphire, akimarin and tormamine. According to the “Pakistan Investment Portal for Saudi Arabia”, Pakistan has important reserves of 18 types of jewelry, including 70 million cars of Emerald in Swat, 9 million pink carat of Pink Punk in Mardin, 10 million carats of pirates in Kohistan, and about 200 million carats in Peshawar. The global jewelry and jewelry industry is worth $ 255 billion, and is increasing at an annual rate of 5.2pc, Pakistan has a significant scope to increase its market share. According to the August 2023 edition of “Hilal”, the official magazine of the Pakistani Armed Forces, the Geological Survey of Pakistan and the Federal Ministry of Energy, Pakistan’s estimated iron reserves are about 1.427 billion tonnes and 600,000 metric tons in annual production. Similarly, Pakistan has been given a gift with 2.572 million tonnes of chromite, more than 23 million tonnes of lead and zinc, which is estimated to be 86,000 tonnes of antimony, 13.71 million tonnes of barium minerals, China’s soil (20,000 metric tonnes), field spinner/silicate minerals (40,000 tonnes of yields) annually (40,000 tonnes of production of 83,000 tonnes). There are total reservoirs remaining at more than 100 million tonnes), silica sand/glass sand (production of 557 million tonnes and 367,000 metric tons), gypsum and anemodrit (1250 million tonnes), 125 million tonnes and 2.5 million tonnes) of soapon stone (138,000 tonnes) of cinnamon (138,000 tonnes) of cinnamon. Reserves of 220 million tonnes and 325,000 tonnes of production).
