ISLAMABAD: Barrick Mining Corporation and Komatsu have entered a $440 million agreement.
The deal secures the supply of key mining equipment for the Reko Diq copper-gold project.
Deliveries of equipment are scheduled to start in 2026.
This milestone marks a major step in developing one of the world’s largest untapped copper-gold deposits.
The Reko Diq site, located in Balochistan, is a joint venture between Barrick and the Government of Pakistan.
The partnership aims to bring long-term economic growth and job creation to the region.
High-Tech Mining Equipment for Large-Scale Operation
The agreement includes primary loading, hauling, and support equipment.
Komatsu will provide advanced machinery to optimize extraction and production capacity.
The equipment package also includes remote monitoring and automation features.
Barrick plans to initiate construction in 2025, with production to begin by 2028.
The project will adhere to global environmental and operational standards.
Strategic Impact on Pakistan’s Mining Sector
This investment is expected to attract additional foreign interest in Pakistan’s mining industry.
Government officials have called it a game-changer for regional development.
The deal enhances Pakistan’s reputation as a viable destination for large-scale mining ventures.
