hydrabadi_arab
SpeedLimited
Moeed Pirzada lol
Few terrorists now will break Pakistan. Stop being a cucklord and grow a pair.
Pakistan Minerals and Mining Updates
- Thread starter ghazi52
- Start date
Moeed Pirzada lol
Few terrorists now will break Pakistan. Stop being a cucklord and grow a pair.
Developereo
Elite Member
That job has been outsourced to Pak generals and corrupt civilian elite.
Distant_Observer
Trusted Member
Quwa
Research Partner
Debt to foreign countries and institutions isn't great, but it's not the biggest strain on Pakistan's fiscal budget.
Debt servicing overall eats up around 51% of the fiscal budget, but most of that goes to service 'internal debt.' This debt is way more of a structural problem, involving local banks, insurance companies, mutual funds, pension funds, etc (as the probable lenders to the gov't). So, we'd have to dig into who's actually benefitting from an indebted Pakistani state. It seems like it's a lot of people, maybe even unwillingly or without awareness @Oscar
Meengla
Elite Member
There are those few BhagoRas (fugitives) Pakistani 'journalists' living in the West and making money off the fantasies of the Imrandoos using social media. These shameless people, who had been accusing America of toppling Imran, are so shameless that they have been lobbying America itself to free Imran Khan and also supported Trump with the hope that Trump would free Imran. I hope in the ongoing immigration purges, Trump deports these idiots!! How delusional and stupid they are and how cultists their followers are is beyond my understanding. And they are actively joined by a large number of Indian bloggers who target the very state of Pakistan in any You Tube videos which conveys some positives about Pakistan.
But, thank God, the state of Pakistan has exerted itself and Pakistan didn't descend into another 'Lost Decade' which I was fearing since April 2022; the anarchy was stopped in less than two years and Pakistan is stabilizing. And yet that stabilization hurts the cultists, who mostly live in prosperous Western countries or the Middle East. I gave up arguing with the cultists after some encounters in the old PDF but occasionally I say what I must say so that the non Pakistanis should at least know what's going on in Pakistan, such as via this post.
Taimoor
Elite Member
Truck ki batti.
Reko Dik, offshore oil near karachi, and now this!
Absolute corrupt establishment and their puppet political dynasties, even if these estimates are true, these resources rather stay untouched.
Reko Dik, offshore oil near karachi, and now this!
Absolute corrupt establishment and their puppet political dynasties, even if these estimates are true, these resources rather stay untouched.
Dalit
Elite Member
Very true. However, as we speak the government is already in talks with foreign countries to exploit these resources.
It isn't hard to predict. These resources will be sold for peanuts and a few people will fill their pockets.
Dalit
Elite Member
This is the real story behind the scenes.
Pakistan copper mine could offer leverage in US tariff talks, says operator
Barrick says strategic metal resource could help Islamabad as it faces 29% levy
A remote gold and copper mine beneath a volcano in south-west Pakistan could provide key leverage for trade talks with the US, according to its operator, as Islamabad tries to reduce “reciprocal” tariffs originally set at 29 per cent.
“When you think about what [the Trump administration] are trying to achieve with these tariffs, this project actually ticks a lot of boxes,” Tim Cribb, project director of Barrick’s Reko Diq mine, told the Financial Times this week.
“For us, we have lending coming from the US . . . we’re going to spend money in the US . . . it’s copper concentrate, a strategic metal . . it could be more a positive than a negative,” he said. The $9bn mine, which has just begun construction, will be one of the world’s largest copper-gold mines once fully developed. It is 50 per cent owned by Toronto- and New York-listed Barrick, with the other half owned by three federal state-owned enterprises and the government of Balochistan. In a call about tariffs on Monday with Pakistan’s foreign minister Ishaq Dar, US secretary of state Marco Rubio “raised prospects for engagement on critical minerals and expressed interest in expanding commercial opportunities”, according to a US state department readout. The US has recently discussed “minerals deals” with Greenland and the Democratic Republic of Congo as the Trump administration expands its focus on access to minerals overseas. It also signed a mining deal with Uzbekistan last week.
Donald Trump announced 29 per cent tariffs on Pakistan on April 2 as he took action against US trading partners. He paused them for 90 days a week later, allowing time for negotiations. To finance the $4.5bn first phase of the project, Barrick is seeking up to $1bn in loans from the Export-Import Bank of the United States, the official export credit agency of the federal government. With Pakistan’s government, it is also pursuing investment and loans from Saudi Arabia’s Manara Minerals, export credit agencies in Canada and Japan and multilateral development banks. The International Finance Corporation, an arm of the World Bank, confirmed a $300mn loan to the mine this week. A fifth of the mine will be powered by solar energy, with Barrick sourcing panels “primarily from the US”, Cribb said, despite prices in Pakistan for Chinese-developed solar panels plummeting in recent years.
“When . . . you look at the lending pool and commitments we make in terms of responsible investment, we will end up going US,” he said. Cribb added that the mine’s output would be shipped through Pakistan’s Port Qasim near Karachi, as opposed to Balochistan’s Chinese-backed Gwadar port, which he said would pose greater security risks in transit. On the sidelines of the Pakistan Minerals Investment Forum in Islamabad, Cribb and Barrick chief executive Mark Bristow told the FT they hoped to raise $500mn to $800mn by the second half of this year to build railways and other transport logistics to get the gold and copper to the port. Lenders in Europe and Japan are among those seeking the copper output from the giant mine, they said.
“Right now, offtake is substantially dedicated to the lenders . . . or directly to people who are investing because they need the metal,” Bristow said.Reko Diq is set to begin operations in 2028, with Barrick predicting it will produce copper and gold for 42 years.Manara Minerals is in talks with the Pakistani government to buy a 10 to 20 per cent stake in the mine, the FT reported in January. “The Saudis would like . . . the offtake, more than anything else,” Bristow said, adding he did not know when or if the deal would go through.
The mine sits on Pakistan’s borders with Afghanistan and Iran in Balochistan province. A train hijacking, in which about 400 people were held for a day by separatist militants last month, highlighted a wave of violence that has gripped the province in recent years. In a speech on Tuesday, Pakistan’s Prime Minister Shehbaz Sharif implored investors in Pakistan’s mining sector to bring refining to the country. “We will not allow raw materials to be shipped out of Pakistan,” Sharif told the conference. Cribb and Bristow said refining copper in-country was “not in the current plan” as the mine would not produce the 600,000 tonnes of copper concentrate needed to justify refinery investments. Pakistan also lacked the cheap and reliable power necessary, they said. This month, Barrick proposed changing its name from Barrick Gold to Barrick Mining to reflect its more expansive mining footprint and growing focus on copper.
Pakistan copper mine could offer leverage in US tariff talks, says operator
Barrick says strategic metal resource could help Islamabad as it faces 29% levy
www.ft.com
The vultures are suddenly interested in Balochistan's riches. The gold and copper reserves will be sold for peanuts and shipped to the Americans, Saudis, Japanese and Europeans. A very bad deal for Pakistan.
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Starlord
Trusted Member
There are few thing that can help..
1) Zarb-e-Azb type full scale major Military operations in Balochistan
2) Put everyone who even has a slight suspicion of supporting BLA in jails
3) Rapid development of small villages
4) build large re-educational camps and make mandatory for Baloch kids to go to these schools
5) Take out BLA leadership in Iran/Afghanistan with brute force
6) Invest in levies and CDT Balochistan
7) Use Human intelligence and Drones to take out few remain cells of BRA/BLA
1) Zarb-e-Azb type full scale major Military operations in Balochistan
2) Put everyone who even has a slight suspicion of supporting BLA in jails
3) Rapid development of small villages
4) build large re-educational camps and make mandatory for Baloch kids to go to these schools
5) Take out BLA leadership in Iran/Afghanistan with brute force
6) Invest in levies and CDT Balochistan
7) Use Human intelligence and Drones to take out few remain cells of BRA/BLA
Lulldapull
Trusted Member
It'll be that horrible 90/ 10 split as usual, if foreign outfits are brought in.This is the real story behind the scenes.
Pakistan copper mine could offer leverage in US tariff talks, says operator
Barrick says strategic metal resource could help Islamabad as it faces 29% levy
A remote gold and copper mine beneath a volcano in south-west Pakistan could provide key leverage for trade talks with the US, according to its operator, as Islamabad tries to reduce “reciprocal” tariffs originally set at 29 per cent.
“When you think about what [the Trump administration] are trying to achieve with these tariffs, this project actually ticks a lot of boxes,” Tim Cribb, project director of Barrick’s Reko Diq mine, told the Financial Times this week.
“For us, we have lending coming from the US . . . we’re going to spend money in the US . . . it’s copper concentrate, a strategic metal . . it could be more a positive than a negative,” he said. The $9bn mine, which has just begun construction, will be one of the world’s largest copper-gold mines once fully developed. It is 50 per cent owned by Toronto- and New York-listed Barrick, with the other half owned by three federal state-owned enterprises and the government of Balochistan. In a call about tariffs on Monday with Pakistan’s foreign minister Ishaq Dar, US secretary of state Marco Rubio “raised prospects for engagement on critical minerals and expressed interest in expanding commercial opportunities”, according to a US state department readout. The US has recently discussed “minerals deals” with Greenland and the Democratic Republic of Congo as the Trump administration expands its focus on access to minerals overseas. It also signed a mining deal with Uzbekistan last week.
Donald Trump announced 29 per cent tariffs on Pakistan on April 2 as he took action against US trading partners. He paused them for 90 days a week later, allowing time for negotiations. To finance the $4.5bn first phase of the project, Barrick is seeking up to $1bn in loans from the Export-Import Bank of the United States, the official export credit agency of the federal government. With Pakistan’s government, it is also pursuing investment and loans from Saudi Arabia’s Manara Minerals, export credit agencies in Canada and Japan and multilateral development banks. The International Finance Corporation, an arm of the World Bank, confirmed a $300mn loan to the mine this week. A fifth of the mine will be powered by solar energy, with Barrick sourcing panels “primarily from the US”, Cribb said, despite prices in Pakistan for Chinese-developed solar panels plummeting in recent years.
“When . . . you look at the lending pool and commitments we make in terms of responsible investment, we will end up going US,” he said. Cribb added that the mine’s output would be shipped through Pakistan’s Port Qasim near Karachi, as opposed to Balochistan’s Chinese-backed Gwadar port, which he said would pose greater security risks in transit. On the sidelines of the Pakistan Minerals Investment Forum in Islamabad, Cribb and Barrick chief executive Mark Bristow told the FT they hoped to raise $500mn to $800mn by the second half of this year to build railways and other transport logistics to get the gold and copper to the port. Lenders in Europe and Japan are among those seeking the copper output from the giant mine, they said.
“Right now, offtake is substantially dedicated to the lenders . . . or directly to people who are investing because they need the metal,” Bristow said.Reko Diq is set to begin operations in 2028, with Barrick predicting it will produce copper and gold for 42 years.Manara Minerals is in talks with the Pakistani government to buy a 10 to 20 per cent stake in the mine, the FT reported in January. “The Saudis would like . . . the offtake, more than anything else,” Bristow said, adding he did not know when or if the deal would go through.
The mine sits on Pakistan’s borders with Afghanistan and Iran in Balochistan province. A train hijacking, in which about 400 people were held for a day by separatist militants last month, highlighted a wave of violence that has gripped the province in recent years. In a speech on Tuesday, Pakistan’s Prime Minister Shehbaz Sharif implored investors in Pakistan’s mining sector to bring refining to the country. “We will not allow raw materials to be shipped out of Pakistan,” Sharif told the conference. Cribb and Bristow said refining copper in-country was “not in the current plan” as the mine would not produce the 600,000 tonnes of copper concentrate needed to justify refinery investments. Pakistan also lacked the cheap and reliable power necessary, they said. This month, Barrick proposed changing its name from Barrick Gold to Barrick Mining to reflect its more expansive mining footprint and growing focus on copper.
Pakistan copper mine could offer leverage in US tariff talks, says operator
Barrick says strategic metal resource could help Islamabad as it faces 29% levy
The vultures are suddenly interested in Balochistan's riches. The gold and copper reserves will be sold for peanuts and shipped to the Americans, Saudis, Japanese and Europeans. A very bad deal for Pakistan.
You know it........just like that nat'l geo vid, when the lion walks away after eating the buffalo and the 1000 vultures waiting attack the leftovers.
Within one minute its reduced down to bare bones.........picked clean.
Fatman17
Moderator
This should be done despite the Reko Diq mine.
Suresh Naresh
Trusted Member
Goenitz
Elite Member
sure.. if a nation can be built by selling raw resources, Africa wd have been the richest continent. Who on earth gets rich by selling home goods with no value addition.
AZADPAKISTAN2009
Elite Member
These are all fabricated news create by 1-5% bodies in control of Pakistan
False Promises of Hope and Acceptance , to go pray your 5 time prayer and sleep on empty stomach
1950's - Promises of Industrialization and Banking , PIA
1965 - Promises of Space Program
Prosperity with Industries and Agriculture
Iran-Turkey-Pakistan Economic hub of prosperity
Once trade route is open , Doodh ki Nadiyan will flow
1970's - Promises of Textile Industry Dominance , Asian Tiger claims
1980s' - Nationalization of Assets , Prosperity around corner
Minerals in Balochistan , Hidden Gold
1990's - Yellow Cab Scheme , Be Driver become prosperous , even if you have double degree , you will only find job of Yellow Cab Driver
2000's - IT and Digitization , Internet Boom and Telecom
CPEC will change Pakistan's Future
2010's - Water from DAM will bring cheap electricity
We will be exporter of Electricity , CPEC , Riqo Diq Gold Mine
Coal lasting 1,000 years
2021's - After Toppling own Government , Gas in sea , Gold in Balochistan, and Water Dams completed , Prosperity is around corner
Final Conclusion:
The Civilians , poor class , Be Happy being poor while Rich Army , Judges and Politicians enjoy the wealth and their VIP protocol life style an 10 Million Dollar + bank balance
False Promises of Hope and Acceptance , to go pray your 5 time prayer and sleep on empty stomach
1950's - Promises of Industrialization and Banking , PIA
1965 - Promises of Space Program
Prosperity with Industries and Agriculture
Iran-Turkey-Pakistan Economic hub of prosperity
Once trade route is open , Doodh ki Nadiyan will flow
1970's - Promises of Textile Industry Dominance , Asian Tiger claims
1980s' - Nationalization of Assets , Prosperity around corner
Minerals in Balochistan , Hidden Gold
1990's - Yellow Cab Scheme , Be Driver become prosperous , even if you have double degree , you will only find job of Yellow Cab Driver
2000's - IT and Digitization , Internet Boom and Telecom
CPEC will change Pakistan's Future
2010's - Water from DAM will bring cheap electricity
We will be exporter of Electricity , CPEC , Riqo Diq Gold Mine
Coal lasting 1,000 years
2021's - After Toppling own Government , Gas in sea , Gold in Balochistan, and Water Dams completed , Prosperity is around corner
Final Conclusion:
The Civilians , poor class , Be Happy being poor while Rich Army , Judges and Politicians enjoy the wealth and their VIP protocol life style an 10 Million Dollar + bank balance
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