{"id":94810,"date":"2023-09-07T17:58:01","date_gmt":"2023-09-07T12:58:01","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=94810"},"modified":"2023-09-07T17:58:02","modified_gmt":"2023-09-07T12:58:02","slug":"reko-diq-finds-investment-usd-7-bn","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/reko-diq-finds-investment-usd-7-bn.html","title":{"rendered":"Reko Diq gets Barrick Gold interested to invest USD 7 bn"},"content":{"rendered":"\n<p>Islamabad: Barrick Gold has expressed a keen interest to invest USD 7 billion into the revival of Reko Diq mining project, according to a news source on September 6.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/karachi-witnesses-surge-in-construction-activity.html\" target=\"_blank\" rel=\"noreferrer noopener\">Karachi witnesses surge in construction activity amidst rising cement sales<\/a><\/p>\n\n\n\n<p>The news source mentions that the Reko Diq project will not only be Pakistan\u2019s largest foreign direct investment but is also a crucial source of copper.<\/p>\n\n\n\n<p>Barrick Gold Chief Executive Officer (CEO) Mark Bristow emphasized the project\u2019s significance, deeming Reko Diq as one of the most prominent yet undeveloped copper-gold ventures on a global scale. Barrick aspires to commence mining activities in 2028, pending the outcomes of an ongoing feasibility study. Bristow emphasized the substantial impact of copper mining, particularly within emerging markets, stating \u2018Any copper mine right now is a big deal.\u2019<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/monthly-house-tax-imposed-16-tehsils-punjab.html\" target=\"_blank\" rel=\"noreferrer noopener\">Monthly House Tax imposed in 16 tehsils of Punjab<\/a><\/p>\n\n\n\n<p>Beyond economic benefits, Bristow envisions Reko Diq as a catalyst for much-needed regional development. His approach highlights the importance of early distribution of benefits and dividends to foster community growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Barrick Gold has expressed a keen interest to invest USD 7 billion into the revival of Reko Diq mining project, according to a news source on September 6. Read: Karachi witnesses surge in construction activity amidst rising cement sales The news source mentions that the Reko Diq project will not only be Pakistan\u2019s largest foreign direct investment but is also a crucial source of copper. Barrick Gold Chief Executive Officer (CEO) Mark Bristow emphasized the project\u2019s significance, deeming Reko Diq as one of the most prominent yet undeveloped copper-gold ventures on a global scale. Barrick aspires to commence mining activities in 2028, pending the outcomes of an ongoing feasibility study. Bristow emphasized the substantial impact of copper mining, particularly within emerging markets, stating \u2018Any copper mine right now is a big deal.\u2019 Read: Monthly House Tax imposed in 16 tehsils of Punjab Beyond economic benefits, Bristow envisions Reko Diq as a catalyst for much-needed regional development. His approach highlights the importance of early distribution of benefits and dividends to foster community growth.<\/p>\n","protected":false},"author":88,"featured_media":67076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385],"tags":[2371,14927],"persona":[],"class_list":{"0":"post-94810","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-development-projects","8":"tag-infrastructural-development","9":"tag-reko-diq","10":"cat-20385-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Reko Diq FInds an Investment of USD 7 bn - Zameen News<\/title>\n<meta name=\"description\" content=\"Barrick Gold has shown a significant interest in injecting a substantial sum of USD 7 billion into reviving of the Reko Diq mining project.\" \/>\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\/reko-diq-finds-investment-usd-7-bn.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reko Diq FInds an Investment of USD 7 bn - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Barrick Gold has shown a significant interest in injecting a substantial sum of USD 7 billion into reviving of the Reko Diq mining project.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/reko-diq-finds-investment-usd-7-bn.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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