The Reko Diq project is expected to generate $53 billion in revenue over a period of 37 years.
Production is scheduled to begin in 2028, with the total cost estimated at $7.7 billion. During the construction phase, up to 7,500 jobs will be created by 2028.
According to sources in the Ministry of Petroleum, a decision has been made to secure limited financing of $3.5 billion for the 37-year project. It is expected to produce an operating cash flow of $90 billion and a free cash flow of $70 billion. Of the $53 billion in revenue, $11 billion will go to the federal government in the form of revenue.
Government Holdings (Private) Limited is projected to receive $15 billion in funds, while the Government of Balochistan will receive financial revenue of $11 billion. Balochistan will also benefit from $9 billion through mineral resources equity and a $6 billion free stake.
The Reko Diq project is expected to contribute to Pakistan’s economic growth and the prosperity of Balochistan. It is among the five largest gold and copper mines in the world. The Economic Coordination Committee (ECC) has approved the financing agreements related to the Reko Diq project.
