📋 Tender Overview
Project Number
46824
Company Name
Reko Diq Mining Company (Pvt) Ltd
Date ESRS Disclosed
Apr 9, 2025
Country
Pakistan
Region
Middle East
Last Updated Date
Environmental Category
A
Status
Pending Approval
Sector
Copper
Industry
Oil, Gas, and Mining
Department
Energy & Mining - Global Infra
Project Description
The Reko Diq project (the Project ) entails developing a greenfield open-pit mining operation with processing facilities to produce a high-quality copper-gold concentrate. The project will produce 200-250 thousand tons of copper per year. Reko Diq is one of the world's largest undeveloped copper and gold deposits, located in the Chagai district of the Balochistan province of Pakistan.
The Project is 100% owned and is being developed by Reko Diq Mining Company (Private) Limited (the Company or RDMC ), which is incorporated in Pakistan. RDMC is indirectly majority owned (50%) by Barrick Gold Corporation (Barrick or the Sponsor ), a Canadian mining company listed on both the Canadian and New York Stock Exchanges, operating mines and projects in 18 countries with a history of developing large-scale assets. The Government of Balochistan (GoB) directly and indirectly owns 25% of the Company shares, with the remaining 25% being indirectly held by three Pakistani State-Owned Enterprises (SOEs): Oil and Gas Development Company Limited ( OGDCL ), Government Holdings (Private) Limited ( GHPL ), and Pakistan Petroleum Limited ( PPL ).
The Reko Diq mine development includes two open pits, a processing plant, several low-grade ore stockpiles, two waste rock dumps (WRD), a tailings storage facility (TSF), a heavy fuel oil (HFO) power plant, and photovoltaic (PV) solar array, and other auxiliary infrastructure. The Project will be developed on land purchased or leased from the Government of Balochistan and does not require private land acquisition. The scope of the Project does not include the smelting and refining processes that commercial off-takers will undertake outside of Pakistan.
Raw water will be supplied to the mine site from a borefield that will abstract water from a saline groundwater aquifer located northwest of the proposed mine site, along the Pakistan-Afghanistan border. Water supply pipelines will be installed to transport water from the borefield to the process plant and accommodation facility.
Diesel generators will provide electrical power during the construction phases until the HFO and solar power stations are established. Fuel will be transported by rail to the mine from Port Qasim, located 50 km from Karachi, approximately 1400km from the mine. An overhead power transmission line (OHTL) will supply power from the mine site to the bore field. RDMC has a longer-term plan to connect to the national grid, notionally from the 15th year of operation (i.e., in 2042).
The Project will utilize existing transportation networks (road and rail), that will require upgrades and some newly construct
