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Barrick Gold

Barrick CEO speaks about Reko Diq mine: $74bn in free cash flow likely over 37 years

KARACHI: The Reko Diq copper and gold project in Pakistan is expected to generate approximately $74 billion in free...

Published 21 Jan, 2025 06:12am

Markets

Pakistan’s Reko Diq mine to generate $74bn in free cash flow over 37 years, Barrick CEO says

Project expected to start production by end of 2028

Updated 20 Jan, 2025 10:18pm

Markets

Gold unchanged at Rs278,800 per tola in Pakistan

Gold prices in Pakistan remained stable on Saturday, in line with the international rates. In the local market, the...

Published 09 Nov, 2024 12:15pm

Markets

Gold price per tola increases Rs2,000 in Pakistan

After registering a substantial decrease in the previous session, gold prices in Pakistan increased on Friday in...

Updated 08 Nov, 2024 02:26pm

Business & Finance

Reko Diq Mining Company approaches PIBT for cargo handling

Reko Diq Mining Company (Private) Limited has chosen Pakistan International Bulk Terminal Limited (PIBT) as the...

Updated 08 Nov, 2024 10:32pm

Reko Diq mines: Manara Minerals set to buy a stake: Al-Falih

ISLAMABAD: Minister for Investment of Kingdom of Saudi Arabia, Sheikh Khalid Bin Abdul Aziz Al-Falih, Thursday,...

Updated 11 Oct, 2024 09:13am

Markets

Saudi Arabia, Pakistan to sign Barrick deal in few weeks, says Al Faleh

Eager to start number of mining initiatives but hope to close Reko Diq project with Pakistan's SOEs and Barrick Gold in the coming weeks, says Saudi Arabia Minister for Investment

Updated 10 Oct, 2024 11:59pm

Business & Finance

Weir Group secures £53mn order for Reko Diq copper-gold project in Pakistan

Scottish multinational engineering company will supply fine grinding, separation, and tailings solutions for the project's first phase

Updated 20 Aug, 2024 10:50pm

Business & Finance

Fleet Space Technologies’ ExoSphere to be used for Reko Diq exploration

Fleet Space Technologies of Australia will deploy ExoSphere, an end-to-end mineral exploration solution, to advance...

Updated 11 Jul, 2024 10:37pm

Editorials

The contracts

EDITORIAL: Prime Minister Shehbaz Sharif while chairing a meeting on Reko Diq mining project - with the Chief...

Published 28 Mar, 2024 06:50am

World

Barrick looks to explore new gold, copper deposits in DR Congo

BENGALURU: Canadian Miner Barrick Gold said on Wednesday it was ready to explore new gold and copper deposits in the...

Published 28 Mar, 2024 06:30am

Business & Finance

Barrick Gold delegation calls on PM: ‘Reko Diq project’s feasibility to be completed this year’

ISLAMABAD: A delegation of Barrick Gold Company led by Chief Executive Officer Mark Bristow was called Prime ...

Published 23 Mar, 2024 05:41am

Pakistan

PM Shehbaz invites Barrick Gold to invest in other mineral projects in Balochistan

Prime Minister Shehbaz Sharif on Friday invited Barrick Gold – the Toronto-based mining company that is working on...

Updated 22 Mar, 2024 11:32pm

Opinion

Does Pakistan need copper?

The Business Recorder of January 08, 2024, carried a headline ‘Co asked to share logistic requirements for Reko Diq...

Updated 17 Jan, 2024 02:33pm

Opinion

Pakistan mineral outlook

Recently, an important conference, ‘Pakistan Mineral Summit’, has been organised in Islamabad by the Petroleum...

Updated 16 Aug, 2023 06:18am

Govt of Pakistan’s equity in Reko Diq project: Barrick says ‘will not mind’ if PIF wants to buy out

Barrick will support Saudi Arabia’s wealth fund coming into the mine through Pakistan’s 25% equity stake, says CEO Mark Bristow

Updated 09 Aug, 2023 10:21am

Editorials

ECC decisions

EDITORIAL: Economic Coordination Committee of the Cabinet (ECC), the highest economic decision-making body in the...

Published 30 Mar, 2023 06:35am

Business & Finance

Barrick makes initial payment of $3m to Balochistan govt

QUETTA: Barrick Gold Corporation has paid the first $3 million to the Balochistan government as part of the new Reko...

Published 01 Feb, 2023 05:58am

Pakistan

Barrick Gold starts work on Reko Diq project

Mark Bristow says the company's engineers have arrived at the Reko Diq field and have started preliminary work

Published 16 Jan, 2023 06:06pm

Editorials

‘Legal’ and ‘environment-friendly’

EDITORIAL: The Supreme Court’s seal of approval to the new Reko Diq mine deal — declaring the agreement between...

Published 14 Dec, 2022 05:57am

Opinion

Hats off to Justice Bandial…

The Supreme Court of Pakistan deserves a lot of praise for correcting a Himalayan blunder that it had committed ...

Published 12 Dec, 2022 06:07am

Reko Diq mining project: Settlement with Barrick Gold endorsed by SC

Top court says that process for the reconstitution of the RekoDiq project has been undertaken transparently and with due diligence

Updated 10 Dec, 2022 10:05am

Pakistan

SC urged to rule that smelters and refineries must be set up in Balochistan

ISLAMABAD: The Supreme Court of Pakistan has been requested to rule that smelters and refineries must be set up in...

Published 03 Dec, 2022 05:51am

Editorials

Reko Diq resolution

EDITORIAL: The counsel for Barrick Gold plainly informed the Supreme Court that if by 15 December 2022 the agreement...

Updated 29 Nov, 2022 12:46pm

Pakistan

Presidential Reference on Reko Diq project: SC to announce short order next week

ISLAMABAD: The Supreme Court will announce short order on the Presidential Reference on Reko Diq reconstituted...

Updated 29 Nov, 2022 09:39am

‘Reko Diq reference’: Country to pay $9bn if deal not inked by Dec 15, SC told

ISLAMABAD: The counsel for Barrick Gold informed the apex court that if by December 15, 2022, the agreement is not...

Updated 23 Nov, 2022 09:16pm

Pakistan

Reko Diq reference: CJP expresses concerns over financial, court reporting

ISLAMABAD: The Chief Justice of Pakistan, Umar Ata Bandial, while expressing concern, questioned whether the...

Published 17 Nov, 2022 05:59am

Pakistan

OGDC, PPL to participate in reconstituted Reko Diq project

Oil and Gas Development Company Limited (OGDC), Pakistan Petroleum Limited (PPL) and Government Holdings Private...

Updated 31 Oct, 2022 04:20pm

Pakistan

President Alvi files reference in Supreme Court on Reko Diq

President Dr Arif Alvi filed a reference in the Supreme Court of Pakistan to seek an opinion on the Reko Diq case....

Published 18 Oct, 2022 03:36pm

Editorials

External account: FDI imperative

EDITORIAL: In Pakistan, one of the reasons behind frequent boom-burst cycles on external account is woeful lack of...

Published 27 Jul, 2022 05:23am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.54
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98
Hang Seng / Jan 21	20,098.89
FTSE 100 / Jan 21	8,529.98
Germany DAX 30 / Jan 21	20,988.55

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Cotton US¢/pound / Jan 21	68.02
Petrol/Litre / Jan 22	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Equity Modaraba / Jan 21 First Equity Modaraba(FEM)	3.54 ▲ 0.34 (10.62%)
Waves Home Appliances / Jan 21 Waves Home Appliances Limited(WAVESAPP)	11.30 ▲ 1.03 (10.03%)
786 Invest Ltd / Jan 21 786 Investments Limited(786)	10.98 ▲ 1.00 (10.02%)
Globe Residency / Jan 21 Globe Residency REIT(GRR)	17.36 ▲ 1.58 (10.01%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
Shahtaj Sugar / Jan 21 Shahtaj Sugar Mills Limited(SHJS)	108.90 ▲ 9.90 (10.00%)

Stock	Price
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	45.21 ▼ -5.02 (-9.99%)
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	16.62 ▼ -1.62 (-8.88%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	64.32 ▼ -6.22 (-8.82%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9 ▼ -0.81 (-8.26%)
Dadabhoy Cement / Jan 21 Dadabhoy Cement Industries Limited(DBCI)	5.10 ▼ -0.43 (-7.78%)
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	23.05 ▼ -1.94 (-7.76%)
ZIL Limited / Jan 21 ZIL Limited(ZIL)	226.01 ▼ -18.99 (-7.75%)
Khyber Textile / Jan 21 Khyber Textile Mills Limited(KHYT)	526 ▼ -43.96 (-7.71%)
Gulistan Sp. / Jan 21 Gulistan Spinning Mills Limited(GUSM)	13 ▼ -1.03 (-7.34%)

Stock	Volume
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	111,866,059 ▲ 0.44
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	69,297,556 ▲ 0.05
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	64,182,488 ▼ -0.09
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.94
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	51,882,881 ▲ 0.34
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.39
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	23,353,008 ▼ -1.60
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -5.02
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	21,890,802 ▼ -1.62

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