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The amount will be paid to Tethyan Copper Company (TCC). Tethyan Copper Company (TCC) had been granted a license for gold and copper mining at RekoDiq, area of Balochistan but the former chief justice of Pakistan Muhammad Chaudhry had cancelled the agreement with the company.
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LAHORE: The Balochistan government is trying to persuade large Pakistani investors to form a consortium to invest their money in the development of Reko Diq copper and gold mining project.
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The local consortium consists of Arif Habib Equity, Mari Petroleum Company, Liberty Mills, Reliance Commodities (Fatima group), Y.B. Pakistan (Lucky group) and South Western Mining. Reko Diq is one of the world’s largest copper and gold deposits containing 12.3 million tonnes of copper and 20.9 million ounces of gold in inferred and indicated resources.
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