It’s official: nearly 80 per cent of all minerals produced in Pakistan come from Balochistan, according to the latest data compiled by the Geological Survey of Pakistan. What is less known is that the province’s mineral potential is much bigger than the current production statistics suggest.
Pakistan's Reko Diq, an untapped copper and gold mine of fabulous potential, was meant to be the biggest foreign investment in the country's mining sector, but it's beginning to look more like fool's gold to the companies involved.
The fight over mining rights of Balochistan’s gold and copper reserves is being waged at home, and abroad.
By virtue of its energy resources and its location, it is key to the energy supply to South Asia, including Pakistan. The country’s mounting energy crisis and the growing demand for energy security in the region have magnified Balochistan’s economic and strategic importance.
By virtue of its energy resources and its location, it is key to the energy supply to South Asia, including Pakistan. The country’s mounting energy crisis and the growing demand for energy security in the region have magnified Balochistan’s economic and strategic importance.
Tethyan filed arbitration proceedings in Washington and Paris a few days ago in order to protect its legal rights, according to its CEO Tim Livesey. Tehthyan, exploring gold and copper deposits in the Reko Diq area, opted for arbitration after the Balochistan government turned down its application for granting a mining lease on November 16.