LAHORE: The Balochistan government is trying to persuade large Pakistaniinvestors to form a consortium to invest their money in the development ofReko Diq copper and gold mining project, reported *Dawn*.
“Our first priority is to convince Pakistani companies to invest in thisproject because neither the provincial nor the federal government has thefinances for developing this resource that will prove a game changer forboth Balochistan and the entire country,” Balochistan Chief Minister JamKamal Khan said during an interaction with journalists at the PunjabGovernor’s House on Monday.
“The development of the project [for commercial production] requires aninitial investment of $3-4 billion, which is in addition to the $6bnawarded by the International Centre for Settlement of Investment Disputes(ICSID) in July against Pakistan for terminating agreement with the TethyanCopper Company (TCC).