A three-member delegation led by Aaoron Regent President of Barrick Gold Corporation called on Saleem H Mandviwala, Minister for State/Chairman Board of Investment (BoI) here on Wednesday. During the meeting, Aaoron Regent informed about the issues being faced by the company like the legal issues relating to exemption from Balochistan Mining Concession Rules and stamp duty on transfer.
The delegation requested value addition up to the final refinery stage. Saleem H Mandviwala stated that he has already addressed these issues with the governor, speaker and member assembly of Balochistan. And Government of Balochistan has assured him full support regarding facilitation of the foreign investors in the region.
He also appreciated that despite the tense situation, Reko Diq project is achieving its targets successfully in mining and striking an investment example for the investors. The delegation briefed Mandviwala that the proposed project will create a facility for processing 1,5000 tons of copper per day on three shifts basis at an estimated cost of Rs 8698.70 million including foreign exchange component of Rs 3489.70 million, which would be completed over a period of 4 years and provide direct employment to 917 people. Mandviwala appreciated the work of Reko Diq project on producing employment to the locals and also supporting to attract more investment in mining of other natural resources in the remote province of Pakistan.-PR
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