Pakistan’s major copper and gold mining project, Reko Diq, is poised to become a cornerstone of the country’s economic future, with projected revenues of $53 billion over the next 37 years. The project is expected to significantly contribute to national income while also accelerating development in the province of Balochistan.
Production Timeline and Job Creation
Production at Reko Diq is scheduled to begin in 2028, with an estimated total investment of $7.7 billion. During the construction phase, the project is expected to create up to 7,500 jobs, offering a much-needed boost to employment and local industry in the region. Once operational, the mine will be one of the world’s five largest copper and gold mining ventures.
To support the development and ensure its financial sustainability, the government has decided to pursue limited financing of $3.5 billion. Over the life of the project, the expected operating cash flow is projected to reach $90 billion, with free cash flow estimated at $70 billion.
Distribution of Revenue and National Impact
From the projected $53 billion in direct revenue, the federal government is expected to receive $11 billion, while Government Holdings (Private) Limited is set to earn $15 billion. The Government of Balochistan will gain $11 billion in financial revenues, along with an additional $9 billion from mineral resources equity and a $6 billion free stake in the project.
The project is seen as a long-term driver of economic prosperity, not only in Balochistan but across the country. By leveraging one of the richest untapped mineral reserves in the region, Pakistan aims to reduce its dependence on foreign imports, boost exports, and generate sustained income for decades.
Financing agreements and development plans for the Reko Diq mine have already been approved by the relevant national economic authorities, setting the stage for what is expected to be one of the most transformative industrial projects in the country’s history.
