IFC commits $300m loan to Reko Diq mining project

IFC commits $300m loan to Reko Diq mining project

The World Bank's private investment arm, International Finance Corporation (IFC), will provide $300 million in debt financing for the Reko Diq copper-gold mining project, an IFC disclosure said on Wednesday. Barrick Gold's copper and gold project intends to lock in upwards of $2 billion in financing from international lenders, with term sheets signed by early Q3, its project director for the mine told Reuters on Tuesday. The funding will support…

Pakistan Minerals Investment Forum Draws Interest of Global Investors

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Pakistan eyes to replicate Indonesia’s nickel success with copper, says Aurangzeb

Finance Minister Muhammad Aurangzeb has highlighted the pivotal role of the Reko Diq copper and gold project, saying...

World Bank Invests $300M in Pakistan Mining

The IFC – International Finance Corporation, the private investment arm of the World Bank, has committed $300 million in debt financing to support Pakistan’s Reko Diq copper-gold mining project. This investment aims to facilitate the development of one of the world’s largest undeveloped copper and gold deposits, highlighting international support for Pakistan’s mineral sector. Asad Rasool has been appointed CEO of Pakistan International Airlines…

Reko Diq 'breaking down barriers’ in Pakistan’s mining industry, says project manager

Reko Diq is expected to become one of the world’s largest and low-cost copper-gold operations.The post Reko Diq ‘breaking down barriers’ in Pakistan’s mining industry, says project manager appeared first on Mining Technology.