KARACHI: According to The News, the CEO of joint owner Barrick Gold stated in a media interview that, based on consensus long-term prices, the Reko Diq copper and gold project in Pakistan should provide almost $74 billion in free cash flow over the next 37 years.
The governments of Pakistan and the province of Balochistan control 50% of the Reko Diq mine, with Barrick Gold owning the remaining 50%.
The mine is regarded by Barrick as one of the biggest undeveloped copper-gold regions in the world, and its growth is anticipated to have a major effect on Pakistan’s faltering economy.
The project is anticipated to begin production by the end of 2028, having been delayed by a protracted disagreement that ended in 2022.
