ISLAMABAD: Pakistan and global mining company Barrick Gold on Sunday reaffirmed their commitment to advancing the multi-billion-dollar Reko Diq copper and gold project in Balochistan province.
Pakistan’s Petroleum Minister Ali Pervaiz Malik held a meeting with Barrick Chairman John L. Thornton to review progress and discuss future steps regarding the Reko Diq project, Pakistan’s Petroleum Division said in a statement.
The Reko Diq project is one of the world’s largest undeveloped copper and gold deposits.
During the meeting, both sides exchanged views on the ongoing development work and discussed efforts to advance the project, the statement said.
Islamabad: Federal Minister Ali Pervaiz Malik held a meeting with Chairman Barrick, Mr. John L. Thornton, to review progress and discuss future steps regarding the Reko Diq Copper-Gold Project.Both sides agreed to maintain close coordination on Reko Diq Project.(1/2) pic.twitter.com/8aJhvXd0An
— Petroleum Division, Ministry of Energy (@Official_PetDiv) May 10, 2026
Petroleum Minister Malik described Reko Diq as a flagship national project with significant importance for Pakistan’s economy and mineral sector.
The minister said the project would play a major role in attracting foreign investment, generating employment opportunities and accelerating socio-economic development in the southwestern province of Balochistan.
The minister also stressed the importance of maintaining momentum on the project as Pakistan seeks to expand its mining sector and increase international investment in its natural resources.
Barrick Chairman John L. Thornton reaffirmed the company’s commitment to the development of the project and appreciated the Pakistani government’s continued support, according to the statement.
“Both sides agreed to maintain close coordination to achieve key milestones,” the Petroleum Division said.
Both sides reiterated their resolve to work together for the timely development of the project.
Reko Diq is jointly owned by Barrick and Pakistani stakeholders under a partnership framework finalised after years of negotiations.
The project is owned 50 percent by Barrick, 25 percent by three Pakistani federal state-owned enterprises, and 25 percent by the Government of Balochistan.
Located in Balochistan’s Chaghi district, Reko Diq is considered one of the world’s largest undeveloped copper and gold mining projects and is expected to become a key driver of Pakistan’s mining-led economic growth.
