Reko Diq is a small town in Chagai district, Balochistan. World's 5th largest gold and copper reserves are found in Reko Diq. Tethyan Copper of Australia has taken the contract to develop this mine. Barrick Gold Corporation of Canada and Antofagasta of Chile have joint-ownership of the copper-gold deposit at Reko Diq.
The Reko Diq deposit is being explored by Tethyan Copper Company Ptv Ltd (75%) and the (BDA) Balochistan Development Authority (25%). Tethyan Copper Company is held jointly (50:50) by Barrick Gold Corporation and Antofagasta Minerals. Currently the deposits is at scoping/per feasibility stage. It is a world class copper/gold deposit.
It was recently sold to the foreign controlled regimes by the Pakistan government at a price of $21 billion. Rough estimates suggest that the gold and copper at the surface account for $65 billion worth of deposits. Tell me how many of us know about it...remember the total debt on Pakistani nation is $38b. Now the question is why Pakistani media and Government is silent about it? Why it is being kept a secret from Pakistani nation?
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