Scottish multinational engineering firm, The Weir Group, has secured a £53 million (USD 69 million) contract to supply mining equipment for the Reko Diq copper-gold project in Pakistan. The Glasgow-based company announced on Tuesday that it will provide fine grinding, separation, and tailings solutions for the first phase of this significant greenfield project, located in Balochistan.
The Reko Diq project, situated in the Chagai District of Balochistan, is a major mining and development initiative. It is a key part of Canadian mining giant Barrick Gold’s copper portfolio and is one of the largest undeveloped copper-gold projects globally.
Reko Diq is jointly owned, with Barrick holding a 50% stake, three federal state-owned enterprises holding 25%, the Province of Balochistan holding 15% on a fully funded basis, and an additional 10% on a free carried basis.
Weir Group CEO Jon Stanton expressed enthusiasm for the contract, stating, “This significant deal showcases industry confidence in Weir’s sustainable and cost-effective solutions, particularly our market-leading HPGR technology, which is well-suited to the water-scarce climate and geology of the Reko Diq project.”
Barrick President and CEO Mark Bristow also voiced satisfaction with the collaboration, saying, “We are excited to partner with Weir in delivering sustainable mining and processing at Reko Diq, a new frontier in Balochistan. This project will enhance Barrick’s copper and gold portfolios, benefiting all stakeholders in Pakistan and Balochistan.”
In related news, Chinoy Engineering & Construction (Pvt) Limited (CECL), an associated company of International Industries Limited (INIL), recently secured a contract to build a Permanent Accommodation Camp at Reko Diq, Balochistan.
