Talks for Transportation of Copper and Gold from Reko Diq to Gwadar Port underway

QUETTA (6 AM Report): Important negotiations have taken place regarding the feasibility of transporting copper and gold from Reko diq to Gwadar Port in Balochistan, Pakistan for shipment to Southeast Asia and the Middle East, on Sunday.
The officials of Barrack Gold Mining Company, involved in the $7 billion Reko diq copper and gold project in Balochistan, held separate meetings with Chairman of Gwadar Port Authority, Pasand Khan Buledi and Chairman of China Overseas Port Holding Company, Yubo, to discuss the practical framework for using the Gwadar port for the export of copper and gold from Reko diq.
The possibility of setting up infrastructure in the proposed industrial park under the Gwadar Free Zone North or Gwadar Smart Port City Master Plan was also considered. Specialized Chinese companies could potentially cooperate with Barrick Gold Mining Company through subcontracting, joint ventures, or other forms of partnership.
This initiative aims to transport the mined minerals by road from Chagai to Gwadar Port for export. The investment in the mine will be worth $7 billion over the next ten years, with the largest reserves of copper and gold in the world. The company will invest $4 billion in the first four years and $3 billion in the next six years, while the Balochistan government and Pakistani government agencies will own 25% each, and Barrack Gold Mining Company will own 50% of the mine.