PIBT Set for $5B Yearly Reko Diq Mineral Exports
Pakistan International Bulk Terminal Limited (PIBT) will manage over $5 billion in annual mineral exports from Reko Diq starting 2028, with Barrick's Reko Diq Mining Company signing a port deal for copper-gold concentrate at Port Qasim. The project—Balochistan's massive undeveloped deposit (50% Barrick, 25% each federal/provincial)—projects 800K-1M tonnes yearly, scaling from $2.7B to $5B post-expansion, backed by $150M terminal upgrades within a $7.7B investment. Chinese/Pakistani firms expand mining leases nearby, with PIBT eyeing barite, phosphate, iron ore, sand exports and Gulf partnerships amid government security pledges.
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