The US Export-Import (Exim) Bank’s project financing is set to bring up to $2 billion in high-quality US mining equipment and services for the Reko Diq mine in Pakistan, US Charge d’Affaires Natalie A. Baker announced on Monday.
In a video statement on X, Baker highlighted that Exim recently approved $1.25 billion in financing to support the mining of critical minerals at Reko Diq.
The funding will facilitate the provision of equipment and services over the coming years, generating approximately 6,000 jobs in the United States and 7,500 jobs in Balochistan.
Baker described the Reko Diq project as a model for mining initiatives that benefit US exporters, local Pakistani communities, and business partners. She emphasized that the initiative aligns with the Trump administration’s approach to prioritizing commercial partnerships, noting that such deals are central to American diplomacy.
The US diplomat expressed optimism about further agreements between American and Pakistani companies in the critical minerals and mining sector. She said the project aims to bring employment opportunities and economic growth to both nations while supporting sustainable development in the region.
The announcement follows US Exim’s broader plans to invest in Pakistan’s critical mineral projects, as part of Washington’s strategy to strengthen energy output and secure supply chains.
Exim Chair John Jovanovic confirmed in a November interview with the Financial Times that the organisation’s agreements include a $1.25 billion loan for the Reko Diq project.
This investment is part of a wider $100 billion US plan to enhance supply chains for critical minerals, nuclear energy, and liquefied natural gas, underscoring the strategic importance of projects like Reko Diq in fostering economic collaboration and energy security.
