‘Generational benefits’ from Reko Diq mines will uplift conflict-hit Balochistan — Barrick CEO

Mark Bristow, CEO of Barrick Gold Co., speaks during the Investing in African Mining Indaba 2023 conference in Cape Town, South Africa on February 8, 2023. (REUTERS/File)
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Updated 15 July 2025
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‘Generational benefits’ from Reko Diq mines will uplift conflict-hit Balochistan — Barrick CEO

  • Mining giant highlights local hiring, health care and education projects during visit to remote Chagai village
  • Project being developed in backdrop of decades of unrest, economic marginalization in restive Balochiatan

QUETTA: The chief executive of Canadian mining firm Barrick Gold said this week the multibillion-dollar Reko Diq copper and gold project in Pakistan’s Balochistan province will deliver “generational benefits” to the impoverished, conflict-hit region, as he met residents of Humai village near the mine site.

The Reko Diq project, jointly owned by Barrick and the governments of Pakistan and Balochistan, is one of the world’s largest undeveloped copper-gold deposits. Long delayed by legal disputes and concerns over foreign investment, the mine is seen as a potential economic game changer in a province that has long suffered from poverty, underdevelopment, and armed separatist violence.

Balochistan, Pakistan’s largest but least populated province, has for years seen unrest rooted in demands for greater autonomy and a larger share of natural resource revenues. Separatist militants have regularly targeted infrastructure, Chinese investments, and security forces. Against this backdrop, Barrick has emphasized its commitment to inclusive and transparent development.

“Reko Diq is not just a mining project; it is a multi-generational opportunity that promises sustained economic and social development for local communities for decades to come,” Barrick CEO Mark Bristow said in a statement on Monday released after he visited Humai, the closest village to the project site in District Chagai.

Bristow met local elders and development committee members, reaffirming the company’s goal to invest in job creation, skills training, education, and health care for Baloch communities.

“We are creating job opportunities not only through RDMC but also through our large network of partner and supplier companies that are coming onboard to support this major development,” Bristow said. “Currently, 75 percent of our workforce is from Balochistan — the majority from District Chagai — and we aim to continue strengthening this local representation.”

Bristow also highlighted recent investments in health care, including a new Mother and Child Health Center in Humai that offers maternal care services — the first such facility of its kind in the area.

“No meaningful development of this world-class mineral resource can happen without the active involvement and support of the people who live here,” he said.

Humai village chief Liaqat Malik and Par-e-Koh Community Development Committee Chairman Taj Muhammad thanked Bristow and RDMC for their engagement and development work, pledging continued community support for the project, according to the Barrick statement. 

The Reko Diq project is expected to begin production by 2028 and generate thousands of jobs while significantly boosting Pakistan’s export revenues. The Pakistani government has said it will ensure environmental protections and fair distribution of project benefits, though watchdog groups continue to call for greater transparency and community participation in oversight.


Pakistan urges developed nations, global institutions to expand role in climate financing

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Pakistan urges developed nations, global institutions to expand role in climate financing

  • Pakistan is recognized among countries worldwide most affected by climate-induced disasters
  • Planning minister stresses redesigning global financial system on principles of responsibility, equity

ISLAMABAD: Pakistan’s Planning Minister Ahsan Iqbal this week called on developed nations and international financial institutions to play a greater role in helping developing countries adopt green technologies at lower costs, state-run media reported. 

Pakistan has suffered frequent climate change-induced disasters over the past couple of years, ranging from floods, droughts, heatwaves, cyclones and other irregular weather patterns. 

This year the South Asian country reported over 1,000 deaths from floods and landslides triggered by heavy rains and the melting of glaciers. 

“He [Iqbal] said Pakistan has urged developed countries and international financial institutions to expand their role in climate financing to enable developing nations to adopt green technologies at lower costs,” state-run Associated Press of Pakistan (APP) reported on Saturday. 

The minister was speaking at the Second Asia Energy Transition Summit held at Pakistani university LUMS on Saturday. 

Iqbal warned that climate change is intensifying emergencies and increasing economic burdens on vulnerable countries, adding that financial incentives and concessional financing have become indispensable for sustainable climate action.

“He further emphasized the need to redesign the global financial system based on the principles of collective responsibility and equity,” APP said. 

The minister noted that Pakistan has been introducing comprehensive reforms in its development agenda to promote renewable energy, solar power and green technological solutions. 

The country, he said, possesses “strong solar potential,” a robust renewable energy market, a wide talent pool in engineering and science and an enabling environment for green innovation.

Pakistan has regularly urged developed countries to fulfill past pledges and provide easy access to climate funding without attaching conditions, especially at Conference of Parties (COP30) climate summits. 

Islamabad was instrumental in getting the Fund for Responding to Loss and Damage (FRLD) established at the COP27 climate summit in Egypt in 2022. The Loss and Damage Fund aims to help developing and least developed countries cope with both economic and non-economic impacts of climate change, such as extreme weather events and slow-onset crises like sea-level rise and droughts.