Reko Diq: The Billion-Dollar Mine That Will Make Pakistan a Global Mining Superpower by 2028!

Pakistan's Reko Diq to Become a Mining Powerhouse: Barrick CEO Unveils Shocking Projections

ISLAMABAD – April 8, 2025 — In what could be a historic turning point for Pakistan’s economic future, Barrick Gold CEO Mark Bristow made a stunning announcement: the Reko Diq copper and gold project is set to transform Pakistan into one of the top global mining jurisdictions. Speaking at the Pakistan Minerals Investment Forum in Islamabad, Bristow emphasized that Reko Diq will not just contribute billions to the national economy but will also change the future of Balochistan and Pakistan’s place in the global mining sector.

“Reko Diq is the beacon that will lead Pakistan onto the global mining map,” said Bristow, drawing attention from investors and geologists worldwide.

A 50-50 Powerhouse: The Reko Diq Partnership

Reko Diq, jointly owned by Barrick Gold (50%) and the Government of Pakistan and Balochistan (50%), is being touted as one of the largest untapped copper-gold projects in the world. The reconstitution of this monumental venture was completed in 2022, setting the stage for a mega mining transformation.

According to the 2024 feasibility study, Reko Diq holds a staggering 15 million tons of copper reserves and 26 million ounces of gold. These reserves position Pakistan alongside the world’s most mineral-rich nations, such as Chile and Peru.

Shockingly Low Costs, Massive Profits

Perhaps the most jaw-dropping detail? Reko Diq is expected to become one of the lowest-cost copper producers globally. This means higher profits, lower risks, and long-term sustainability.

Phase one of production, starting in 2028, will yield:

• 240,000 tons of copper annually

• 300,000 ounces of gold annually

Phase two will ramp up output to:

• 400,000 tons of copper per annum

• 500,000 ounces of gold per annum

“There’s every reason to believe that Reko Diq will still be producing past the end of this century,” said Bristow.

Economic Boom and Job Creation

During its peak construction phase, Reko Diq will employ over 7,500 workers, creating a wave of employment opportunities in one of Pakistan’s most underdeveloped regions—Balochistan. Once fully operational, it will support 4,000 long-term jobs, most of which are expected to go to local workers.

“We prioritize local employment and skill development,” said Bristow, reinforcing Barrick Gold’s commitment to socio-economic upliftment.

Reko Diq: A Global Investment Magnet

With more than 300 delegates from countries like the US, China, Saudi Arabia, Turkiye, and the UK attending the forum, global interest is peaking. Pakistan is positioning itself as a new mining frontier capable of rivaling traditional mining giants like Chile, Peru, and Zambia.

According to Petroleum Minister Ali Pervaiz Malik, this forum highlights Pakistan’s potential as a mineral investment destination. The spotlight was firmly on Reko Diq, which now represents a multibillion-dollar opportunity for foreign investors.

Exploration Just Beginning: More to Come

Bristow revealed that the mining company is still discovering new porphyry bodies in the region. This means Reko Diq might just be the start of a new mineral revolution in Pakistan.

“Reko Diq is just the starter mine. There’s much more to explore, and we’re just scratching the surface,” he added.

Conclusion: The Dawn of a New Mining Era in Pakistan

With unmatched mineral potential, a stable joint venture, low production costs, and growing global interest, Reko Diq is set to become the cornerstone of Pakistan’s mining-driven economic transformation. The countdown to 2028 has begun—and the world is watching.

🔥 Top 10 FAQs About Reko Diq You Need to Know

1. What is the Reko Diq project?

Reko Diq is a copper and gold mining project in Balochistan, Pakistan, jointly owned by Barrick Gold and the Government of Pakistan.

2. How much copper and gold is in Reko Diq?

Reko Diq holds around 15 million tons of copper and 26 million ounces of gold, making it one of the largest untapped mines globally.

3. When will Reko Diq start production?

The first phase of production is scheduled to begin in 2028.

4. Who owns the Reko Diq mine?

The mine is 50% owned by Barrick Gold and 50% by the Government of Pakistan and Balochistan.

5. How much will Reko Diq contribute to Pakistan’s economy?

Estimates suggest billions in revenue, along with significant employment and infrastructure development.

6. How many jobs will Reko Diq create?

During peak construction: 7,500 jobs. Once operational: 4,000+ long-term jobs.

7. Why is Reko Diq considered low-cost?

Due to its high-grade ore and efficient mining plan, Reko Diq will be one of the lowest-cost copper producers in the world.

8. Is the Reko Diq project safe for the environment?

Barrick Gold has committed to environmentally responsible mining practices, though detailed assessments will follow.

9. What countries are investing in Pakistan’s mineral sector?

Countries like China, the US, Saudi Arabia, Turkiye, and the UK are showing keen interest in Pakistan’s mineral investment opportunities.

10. Is Reko Diq just one mine or part of a bigger plan?

According to Barrick, Reko Diq is just the beginning. More mineral-rich zones are expected to be explored in the region.