Antofagasta Copper Company, of Chile, has so far invested $46 million in Reko Dig Copper project in Chaghi, and efforts are underway for speedy completion of the project. Sources said that the Chilean mining company Antofagasta and Australian Tethiyan Copper Company will jointly invest $150 million in the project for exploration and production of copper.
The annual production of 250,00 tons copper from Reko Dig Project would not only bring Pakistan on the world copper map but would also help in strengthing the national economy, sources said. Antofagasta Company President Marcolo Awad briefed the Minister for Petroleum and Natural Resources Ahsanullah Khan about the progress on the project last week.
During the meeting the Minister assured the company that the government was keen to develop the mineral sector on modern lines and providing attractive incentives package to investors to boost the mineral development activities in the country. He said that the government would welcome Chilean investors to participate in the mineral development activities in Pakistan for mutual advantage.