Pakistan’s long-delayed Reko Diq project is poised to deliver massive economic gains, with Barrick Gold CEO Mark Bristow estimating that the mine could generate nearly $74 billion in free cash flow over the next 37 years. The figure underscores the scale and potential of what is considered one of the world’s largest undeveloped copper-gold deposits.
Barrick Gold holds a 50% stake in the project, while the remaining half is jointly owned by the Government of Pakistan and the Government of Balochistan a partnership that positions Reko Diq as a flagship national venture with far-reaching impact.
Production is expected to begin in 2028. In its first phase, the mine will produce around 200,000 tons of copper annually. Barrick has indicated that future expansions are already under consideration, which could extend the life of the mine and substantially increase output. These enhancements are projected to contribute even greater long-term value to Pakistan’s economy.
Economists say the financial benefits for the government will be significant once operations commence, with revenue expected through royalties, taxes, and dividends. This income can play a crucial role in improving fiscal stability and supporting national development plans.
To ensure efficient operations, major infrastructure upgrades are also being mapped out. One key improvement includes the expansion of facilities at Port Qasim, which will handle the transportation and export of copper concentrate. Improved logistics are also expected to ease domestic movement of materials and support future industrial growth.
