Barrick inches closer to building $7bn copper-gold mine in Pakistan

Canada-based bullion major Barrick Gold is in the process of completing the final agreements and legal steps that would enable the development of the Reko Diq copper/gold mine, in Pakistan, president and CEO Mark Bristow said on Monday.

Reko Diq, one of the largest undeveloped copper-gold deposits in the world, would be owned 50% by Barrick, 25% by Balochistan province and 25% by major Pakistani State-owned enterprises (SOEs).