Pakistan Petroleum Injects Rs. 14 Billion to Expand Reko Diq, strengthening its position in one of Pakistan’s largest mining projects. This additional investment raises PPL’s total stake in the Reko Diq project to Rs. 68.1 billion and demonstrates continued financial commitment by state-owned enterprises. The Rs. 14 billion investment supports ongoing copper and gold mining operations, while boosting project development work across the site.
The Reko Diq project, located in Balochistan, remains a cornerstone of Pakistan’s mining industry outlook. Pakistan Minerals Private Limited, acting as a special purpose vehicle (SPV), manages the federal government stake. Barrick Mining Corporation holds a 50 percent share, and Pakistani state-owned enterprises, including Oil and Gas Development Company Limited (OGDCL), hold the remaining 50 percent. This collaboration ensures strategic partnerships and robust international oversight.
Security arrangements in mining are a priority because recent incidents in Balochistan prompted a comprehensive project operator review. Provincial leadership support and strengthened security measures have reassured investors that operations can continue safely. PPL’s investment also contributes to capital expenditure, site development activities, and long-term growth strategies, including exploration blocks and potential offshore exploration projects.
The Rs. 14 billion investment reinforces PPL’s broader energy and mining sector strategy in Pakistan. By expanding Reko Diq, the company not only secures copper and gold production but also supports local employment and regional economic development. This step highlights how focused mining investment in Pakistan can yield both immediate and long-term benefits.
