Malik, Barrick Gold Chairman review Reko Diq progress, future steps
Federal Minister for Petroleum Ali Pervaiz Malik met with Barrick Gold Chairman John L Thornton to discuss the Reko Diq Copper-Gold Project, highlighting its strategic importance for Pakistan's economic growth.
- Progress and future steps for the Reko Diq project.
- Strategic significance of Reko Diq for Pakistan's economy.
- Reko Diq project's ownership structure.
ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik held a meeting with Executive Chairman Barrick Gold, John L Thornton to review progress and discuss future steps regarding the Reko Diq Copper-Gold Project.
During the meeting, both sides exchanged views on the development of the project and discussed ongoing efforts aimed at advancing work on Reko Diq, which is among the world’s largest undeveloped copper-gold projects, said a press release issued on Sunday.
Malik highlighted the strategic significance of the project for Pakistan’s economic growth and mineral sector development.
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He stated that Reko Diq is a flagship national project that will play a key role in attracting investment, generating employment opportunities and accelerating socio-economic development in Balochistan.
Thornton reaffirmed Barrick’s commitment to the project and appreciated the Government of Pakistan’s continued support in advancing the initiative.
Reko Diq is owned 50 percent by Barrick, 25 percent by three federal state-owned enterprises, and 25 percent by the Government of Balochistan, reflecting a strong partnership framework for the development of the project.
Copyright Business Recorder, 2026
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