Pakistan military eyes key role developing giant copper and gold mine - News Summed Up

Pakistan military eyes key role developing giant copper and gold mine


In a statement in response to Reuters' questions about its role in Reko Diq, the military spokesman's office said: "(The military) may only participate in government's plan of development of Reko Diq, as per national requirements." But any new investors will need the blessing of Pakistan's military, according to government officials and mining sources. State-run companies from resource-hungry China have long coveted Reko Diq and more recently Saudi Arabia has shown interest, according to Pakistani officials. Saudi Arabia did not respond to a Reuters request for comment on Reko Diq. The army-run FWO does not have the funds or the expertise to develop the Reko Diq project, which boasts 5.9 billion tons of ore.


Source: bd News24 March 12, 2019 07:41 UTC



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