Chief Executive Officer of Barrick Gold Corporation Mark Bristow has expressed confidence that his company would start production from Reko Diq copper-gold mine by 2027.
Addressing a news conference in Islamabad, he said the company will initially make investment of around seven billion dollars in this project in two phases.
He said the Reko Diq has the potential to produce four hundred thousand tons of copper annually on completion of its second phase.
Mark Bristow said with its unique combination of large scale, low strip and good grade, the Reko Diq would be a multi-generational mine, with a life of at least forty years.
He said his company is currently engaged with governent of Pakistan to finalize an agreement for the project.