{"id":102606,"date":"2025-06-26T15:33:15","date_gmt":"2025-06-26T10:33:15","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=102606"},"modified":"2025-06-26T15:33:19","modified_gmt":"2025-06-26T10:33:19","slug":"barrick-komatsu-deal-to-drive-reko-diq-operations","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/barrick-komatsu-deal-to-drive-reko-diq-operations.html","title":{"rendered":"Barrick Gold partners with Komatsu to power Reko Diq operations"},"content":{"rendered":"\n<p>Islamabad: The Reko Diq copper-gold mining project in Balochistan has reached a major milestone with the signing of a USD 440 million agreement between Barrick Gold Corporation and Japanese machinery giant Komatsu for the supply of heavy mining equipment.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/us-investors-urged-to-tap-into-paks-mineral-wealth.html\" target=\"_blank\" rel=\"noreferrer noopener\">US investors urged to tap into Pak\u2019s mineral wealth<\/a><\/p>\n\n\n\n<p>Under the five-year deal, Komatsu will deliver a fleet of ultra-class mining machinery to support the operational phase of the Reko Diq mine, which is expected to begin production in 2026. The equipment package includes Komatsu 980E-5 haul trucks from the United States, P&amp;H 4100XPC AC electric rope shovels from Milwaukee, PC7000-11 mining excavators from Germany, and WE2350-2 electric wheel loaders from Texas.<\/p>\n\n\n\n<p>This agreement marks Komatsu\u2019s first major deployment of equipment in Pakistan and underscores international confidence in the Reko Diq project. To support the operation, Komatsu will establish a local subsidiary \u2014 Komatsu Pakistan Mining (SMC-Private) Limited \u2014 which will provide technical assistance, training, and after-sales service. The company is also investing in its Dubai regional hub to manage logistics and spare parts supply.<\/p>\n\n\n\n<p>Barrick Gold President and CEO Mark Bristow said the partnership with Komatsu aligns with the long-term vision for Reko Diq. \u201cThis project is a significant investment in the future of mining in Pakistan. Our collaboration with Komatsu is essential in building one of the world\u2019s largest undeveloped copper-gold deposits into a world-class operation.\u201d<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/pak-saudi-talks-ongoing-on-reko-diq.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pak-Saudi talks ongoing on Reko Diq; production to begin in 2028<\/a><\/p>\n\n\n\n<p>Peter Salditt, President of Komatsu\u2019s Mining Business Division, highlighted the importance of the project: \u201cThe scale and complexity of Reko Diq demand proven, high-performance equipment. We\u2019re proud to support this transformative project with advanced machinery.\u201d The Reko Diq mine is expected to be a major contributor to Pakistan\u2019s economy, attracting foreign direct investment and generating significant infrastructure and employment opportunities in Balochistan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Reko Diq copper-gold mining project in Balochistan has reached a major milestone with the signing of a USD 440 million agreement between Barrick Gold Corporation and Japanese machinery giant Komatsu for the supply of heavy mining equipment. Read: US investors urged to tap into Pak\u2019s mineral wealth Under the five-year deal, Komatsu will deliver a fleet of ultra-class mining machinery to support the operational phase of the Reko Diq mine, which is expected to begin production in 2026. The equipment package includes Komatsu 980E-5 haul trucks from the United States, P&amp;H 4100XPC AC electric rope shovels from Milwaukee, PC7000-11 mining excavators from Germany, and WE2350-2 electric wheel loaders from Texas. This agreement marks Komatsu\u2019s first major deployment of equipment in Pakistan and underscores international confidence in the Reko Diq project. To support the operation, Komatsu will establish a local subsidiary \u2014 Komatsu Pakistan Mining (SMC-Private) Limited \u2014 which will provide technical assistance, training, and after-sales service. The company is also investing in its Dubai regional hub to manage logistics and spare parts supply. Barrick Gold President and CEO Mark Bristow said the partnership with Komatsu aligns with the long-term vision for Reko Diq. \u201cThis project is a significant&hellip;<\/p>\n","protected":false},"author":18,"featured_media":101876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[1952,55474,62041,18235,65510,65509,63552,61861,14927,65511],"persona":[],"class_list":{"0":"post-102606","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-balochistan","9":"tag-barrick-gold","10":"tag-copper-gold-project","11":"tag-foreign-direct-investment","12":"tag-heavy-equipment","13":"tag-komatsu","14":"tag-mining-investment","15":"tag-pakistan-mining-sector","16":"tag-reko-diq","17":"tag-usd-440-million-deal","18":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Barrick\u2013Komatsu deal to drive Reko Diq operations - Zameen News<\/title>\n<meta name=\"description\" content=\"To support the operation, Komatsu will establish a local subsidiary which will provide technical assistance, training, and after-sales...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/barrick-komatsu-deal-to-drive-reko-diq-operations.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Barrick\u2013Komatsu deal to drive Reko Diq operations - Zameen News\" \/>\n<meta property=\"og:description\" content=\"To support the operation, Komatsu will establish a local subsidiary which will provide technical assistance, training, and after-sales...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/barrick-komatsu-deal-to-drive-reko-diq-operations.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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