ISLAMABAD: Justice Yahya Afridi of the Supreme Court has cautioned against forgetting the lesson learned in the Reko Diq case judgment – when the country managed to avoid a penalty of $11 billion after reaching an out-of-court settlement on the project in the Chagai district of Balochistan during the PTI government. “The lesson learnt from … Read more
Pakistan is nearing the conclusion of negotiations with Saudi Arabia on the massive Reko Diq copper-gold mining project, one of the world’s largest untapped resources, according to Petroleum Minister Dr Musadik Malik. In a statement made on Wednesday, Dr Malik revealed that discussions with Saudi Arabia also include potential collaborations on water infrastructure projects, signalling … Read more
Federal Minister of Energy Sardar Awais Ahmad Khan Leghari. — APP/File Minister says body, chaired by him, is reviewing IPPs issue. Leghari says govt wants to rid itself of IPPs no longer needed. Says good news regarding IPPs in store for nation. Federal Minister for Power Awais Leghari has said that the government cannot unilaterally … Read more
Saudi Arabia’s Public Investment Fund (PIF) has proposed acquiring the 15% stake in the Reko Diq mining project, alongside a grant for infrastructure development around the mining area through Manara Minerals. According to a news report, the offer includes cash for the shares and a grant to construct essential infrastructure in the region. In response, … Read more
ISLAMABAD: Saudi Arabia has made an offer to buy 15% stakes in the Reko Diq mining project and would also give a substantial grant to build infrastructure around the mining area in a development that will mark the first investment under the umbrella of the Special Investment Facilitation Council. The total offer involves both cash … Read more
ISLAMABAD: The Weir Group, a prominent global leader in mining technology, has secured a £53 million (USD 69 million) contract to supply mining equipment for the Reko Diq copper-gold project in Pakistan. Headquartered in Glasgow, the Scottish multinational engineering company announced on Tuesday that it will provide fine grinding, separation, and tailings solutions for the … Read more