The Reko Diq copper and gold project in Pakistan is expected to bring in huge financial benefits over the long term. According to Barrick Gold CEO Mark Bristow, the project could generate around $74 billion in free cash flow over the next 37 years.
Barrick Gold owns half of the project, while the other half is shared between the Government of Pakistan and the Government of Balochistan. This partnership makes Reko Diq one of the most important mining ventures in the country.
The mine is planned to start production by 2028. In the first phase, it will produce about 200,000 tons of copper every year. Over time, the company aims to expand the project further, which could increase production and extend the life of the mine even more. These expansions will not only boost output but also create more long-term economic value for Pakistan.
Experts believe the project will play a major role in strengthening Pakistan’s economy. The government is expected to earn significant income through dividends, royalties, and taxes once production begins.
These earnings could support national development, improve financial stability, and create new opportunities for local communities.
To support the project’s operations, infrastructure upgrades are also being planned. One of the major improvements includes the enhancement of facilities at Port Qasim which will help with the transportation and export of copper and other materials. Better infrastructure will also make domestic movement of goods more efficient.
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