Unlocking Pakistan’s Mineral Wealth — From Reko Diq to Rare Earths
1. Global Investment Gears Up for Reko Diq
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Pakistan is actively courting U.S. companies through joint ventures and public-private partnerships in its mining sector, specifically highlighting the Reko Diq copper-gold deposit, one of the world’s largest untapped reserves
Barrick Mining is seeking $3.5 billion in international financing for a $9 billion development plan at Reko Diq, with production expected to commence by 2028
2. Rare Earth Potential and Strategic Positioning
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Pakistan’s leadership emphasizes its vast rare earth element (REE) resources as a potential solution to its economic woes, forecasting at least $2 billion in annual revenue starting next year, particularly from the Reko Diq project
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Analysts note that global shifts in supply chains, especially tensions between the U.S. and China, position Pakistan as a strategic source for these critical minerals
3. National Investment Drive and Regulatory Reform
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The Pakistan Minerals Investment Forum 2025 (PMIF25) spotlighted mineral wealth like copper, gold, lithium, and rare earths, attracting delegations from the U.S., Saudi Arabia, China, and beyond
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Commerce officials report renewed U.S. interest—accelerated by a tariff deal—in refined copper exports and mining investment
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Structural reforms under way include geological mapping for untapped reserves and revisions to streamline licensing and attract foreign investment
4. A Regional Mining Boom Taking Shape
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A partnership between Pakistan and Barrick Gold, along with interest from Chinese and Saudi firms, positions the country to become a leading producer of critical metals within the decade