Reko
Diq Mining Project Balochistan Pakistan:

The government of Balochistan desires to obtain significant benefits from the Reko Diq. Reko Diq is the small town in Chaghi Balochistan province Pakistan) copper,
uranium, and gold mining project, instead of that, they can not tolerate the
misuse of the province’s natural resources; it was mentioned by the Minister of
Mines & Minerals Balochistan. In addition, he said that there are some
reservations concerning the agreement with the Tethyan Copper Company (TCC),
the government is discussing with it, if the talks become positive and appear,
well, otherwise the Chinese companies are also interested in this project. 

Reko Diq
Reko Diq Gold Mines

The
Mining Company Report:

The
Mining exploring company has already accomplished its exploration period and
has submitted its Feasibility Report to the government of Balochistan.

World’s
major mining companies Antofagasta Minerals of Chile and Barrick Gold of Canada
both companies that have formed the Tethyan Copper Company as a joint venture
for exploration are eager to invest approximately $3.3 billion in the Reko Diq
project with the Government of Balochistan.

Experts
concerning natural resources mining services assumed that countries, such as
Chile, Peru, Argentina, and Tanzania had gained profit from their undeveloped
mineral potential succeeded in lifting their economies by producing and
facilitating an environment for private mining investment and somewhat widely
open their mineral resources for their country’s economic growth and
development and their people prosperity.

Useful
Measurements:

The
effect of these measurements by the government had proved very fruitful for the
people and the economy. With this perspective, the Reko Diq project has the
potential to provide a similar momentum and development to the Pakistani
economy which is now very low because of the world economic recession.

This
national wealth of Reko Diq does not stand for anything for the people of
Balochistan if it resides as seditious as it has for hundreds of years.
Balochistan people getting ignored for many years now it is time that they must
get their rights.

One
expert mentioned that there is no mineral policy in the country; the issues of
misuse of the mineral resources of the country will keep suggestive of the
country until and unless a proper policy is formulated.

Pakistan
could be benefited from this project earn 10 times the amount of this mineral
being processed and sold in a refined form. If the government takes it seriously
for the development of both people and the country. Balochistan mineral
resources are valuable only if acknowledged, dug out in a proper method,
processed, and sold to the commercial markets internationally.

TCC
Company Investment:

The
exploration company has already invested approximately $200 million in the project
if it moved in the right direction then it is expected that it would be better for
Pakistan’s poor economy because this precious project could attract more
foreign investment in the country for the mining sector. This is more beneficial
for the country’s economy and the government will not take more debt from
foreign organizations.

If
the government is serious and wants to take advantage of this project it would
bring technology, while the province’s labor, health, environmental, and safety
standards would be upgraded and would have a plentiful outcome on the overall
economy.

The
mining exploration company which is working presently also plans to invest
extensive capital in community development, and especially in skills
development of local people it will create new jobs for the local people and
people will be skilled by training.

The
Project Effect:

According
to the TCC source, the Reko Diq project is estimated to produce 22 billion
pounds of copper and 13 million ounces of gold for more than fifty (56) years. And
the recent information is that the total worth of this natural wealth is about
500 Billion US dollars. Some experts in Pakistan said that we can explore our
country’s natural resources but on the contrary, some scientists and experts
concerning the exploration stated that we are not completely capable to get all
minerals in the area, for that we need help from abroad exploration experts.

With
the passage of time now the local people are realizing the development of this
project. The project will benefit plentiful if it was properly used. The government
of Pakistan and Balochistan both must take serious and advantageous steps and they
must reside in political issues in this regard. Because it is a question of the
country and people’s development.