comparemela.com

Latest Breaking News On - Arif habib equity private - Page 1 : comparemela.com

Aisha Steel Mills Limited - BR Research - Business Recorder

Local firm offers to develop Reko Diq reserves

Local consortium proposes to develop Pakistan copper and gold mine after arbitration case

2 Min Read KARACHI, Pakistan, May 16 (Reuters) - A local consortium has made a proposal to develop a major copper and gold mine in southwest Pakistan after a court decision blocked the mine’s development by a joint venture between Chile’s Antofagasta and Canada’s Barrick Gold. Pakistan’s Supreme Court blocked the joint venture, Tethyan Copper, in 2013 from developing Reko Diq - one of the world’s biggest untapped deposits of copper and gold - following a court case over how the contract had been awarded. Pakistan’s government was later ordered by a global arbitration body to pay $5.8 billion in damages after Tethyan Copper took it to court.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.