LAHORE – Pakistan government seek $4 billion investment in Rekodik Copperand Gold Mines, media has reported.
The Balochistan government to persuade large Pakistani investors to form aconsortium to invest their money in the development of Reko Diq copper andgold 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.
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“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).
