A world class copper-gold mine in the making
One of the largest undeveloped copper-gold projects in the world, Reko Diq is owned 50% by Barrick, 25% by three federal state-owned enterprises, 25% by the Government of Balochistan of which 15% is on a fully funded basis and 10% is on a free carried basis.
Reko Diq is nestled in the Chagai district of Balochistan, the largest district by area, with close proximity to the Afghanistan and Iran borders. The district is characterized by arid and semi-arid terrain with vast deserts, mountain ranges, and sparse vegetation. The desert includes the Ras Koh Hills and the Chagai Hills. The district has a sparse population due to its harsh living conditions. The majority of the inhabitants are Baloch, with a mix of other ethnic groups. Chagai faces numerous challenges, including underdevelopment, lack of infrastructure, and limited access to basic services such as education, healthcare, and clean water.
The reconstitution of the Reko Diq project was completed in December 2022 — a key step in progressing the development of Reko Diq into a world-class, long-life mine which would substantially expand Barrick’s strategically significant copper portfolio and benefit its Pakistani stakeholders for generations to come.
Barrick is now updating the project’s 2010 feasibility and 2011 feasibility expansion studies with 2028 targeted for first production.