LAHORE: Under the CPEC protects, Chinese mining company Guangdong Handar and Pakistan’s Sanjrani Mining Company (SMC) signed a memorandum of understanding (MoU) in Guangzhou, China.
It is aimed at deepening cooperation on mineral extraction and processing in Balochistan, Handar said in an announcement, according to a Gwadar Pro’s, as per the agreement, the two companies will establish a joint venture, tentatively named Pak-Handar Mining Services and Management Company, to offer mining services, invest in resource extraction projects, and modernise mineral processing in Pakistan’s southwest region, the Chinese company said.
Guangdong Handar will provide technical expertise and management support, while SMC leverages its local network and assets.
The deal was signed in Guangzhou by former Senate chairman Muhammad Sadiq Sanjrani, SMC’s chairman, and Liang Fa, rotating general manager of Guangdong Handar.
Copyright Business Recorder, 2025
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