Islamabad: Pakistan's forever ambitious plan of the Reko Diq copper and gold mining project has reached a crucial juncture with the approval of First Stage Development Funding. The approval came in the light of the inception of detailed feasibility studies (DFS) allowing the project to carry an estimated $74 billion Free Cash Flow (FCF) to boost the economy of Pakistan.
Pakistan Television (PTV) lent the following observation that it was the big step of one of its most progressive mining project(s) ever. Reko Diq is shared by Barrick Gold, Government of Pakistan, and the Government of Balochistan.
The eventual expansion pit processing phenomena will scale up circa 45 million tons annually by the year 2034. By increasing itself to such diversified limits, wider production of minerals will also blaze forth thousands of new job opportunities.
All the while sustaining and supporting that 4,000 positions will come about carrying the benefit of prolonged employment when the mine is operational, whereas an equal number of 7,500 hands will be at work during its time of construction.
Reko Diq is a crescent of hope and optimism that people of Pakistan are watching through along with their economy, offering a multitude of long-term job opportunities, marked economic growth, and granted exploration of an invested international perspective.
[Source Credit: Business Recorder]
