Pakistan Minerals and Mining Updates

Sam6536 said:
There are a lot of untapped reserves in south asia, the thing is that extraction and processing is very costly. Plus if you give contract to a 3rd party then you will just see a portion of the profits.

There have been many instances of projects being halfway deemed unsustainable.

Right now India is in talks with a rebel group in Myanmar for access to rare earth minerals from what I've read.
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China and Saudis need to be involved in Pakistan. It is criminal that the Saudis haven't been involved much. Hopefully that will change very soon.
 
Dalit said:
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Pakistan's raw materials may be worth trillions. Global powers and investors are racing to tap its copper, gold, and antimony. As China and the US compete for critical minerals, Pakistan is courting global investors. Can it turn resources into real prosperity?
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Don't sell the skin, till you have caught the Markhor !.

Otherwise, start Building castles and palaces in air with these Trillions of dollars !.
 
Dalit said:
China and Saudis need to be involved in Pakistan. It is criminal that the Saudis haven't been involved much. Hopefully that will change very soon.
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Why Saudis ? They have no expertise or experience in anything other than oil and gas.

China is already involved in Pakistan but disappointed over the sloth and corruption of Pakistani system and poor implementation of CPEC.

The Russkies have a huge amount of mining and refining experience. This could be a chance to bring them in and build relations with Russia. There could be other new partners as well from East Asia or Eastern Europe.

But the key is to build facilities to extract and refine in Pakistan. If it's just going to be raw materials, then someone else is going to enjoy the profits while Pakistan remains in poverty. This is the case with many mineral rich African countries.
 
Watandar said:
Why Saudis ? They have no expertise or experience in anything other than oil and gas.

China is already involved in Pakistan but disappointed over the sloth and corruption of Pakistani system and poor implementation of CPEC.

The Russkies have a huge amount of mining and refining experience. This could be a chance to bring them in and build relations with Russia. There could be other new partners as well from East Asia or Eastern Europe.

But the key is to build facilities to extract and refine in Pakistan. If it's just going to be raw materials, then someone else is going to enjoy the profits while Pakistan remains in poverty. This is the case with many mineral rich African countries.
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Saudi investment. Saudis can become major stakeholders. Chinese expertise in mineral extraction. Apparently there is a lot to be extracted.
 
HeratKabul said:
Don't sell the skin, till you have caught the Markhor !.

Otherwise, start Building castles and palaces in air with these Trillions of dollars !.
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Don't get angry and jealous. We know who you are. It is better if you keep to the Indian section of this forum.
 
Asfandyar Bhittani said:
Unless the raw minerals are processed in Pakistan, we will see only a sliver of it. The recent deal with US is an example. Which says "This cooperation lays the foundation for scaling up towards the establishment of a USSM proprietary, highly flexible poly-metallic refinery in Pakistan". Means only if all things go well they may scale up to it, no guarantee and no real timeline.

We need smelting plants, refineries, secondary support industries, stable electric grid and supply, security.

Mere export of raw ore will make some individuals rich but not the country.
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You can't put conditions like that for a project in Balochistan that need $8bn investment just for phase 1 by 2028. I'm talking about Reko Diq. Hopefully by 2030 there will be copper refinery.
 
I will always remain a bit skeptical

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In one interview CEO of Barick said refinery will make economic sense once copper production surpass 600k tons/year. Pakistan will reach there between 2030-2035. Possibly early if Afghanistan copper comes in to play but Taliban is more interested in sending terrorists.

That refinery cost $4bn so it will be huge investment. Keep calm, early days.
 
@Distant_Observer

Still 90% unexplored so more to be discovered. Already estimated at $6-8 trillion.

That means when whole of Pakistan is explored, the total mineral wealth will be USD 60-80 Trillion. (y)

Every Pakistani citizen who owns any land should pick up a shovel and start digging.

Regards
 
SoulSpokesman said:
@Distant_Observer

Still 90% unexplored so more to be discovered. Already estimated at $6-8 trillion.

That means when whole of Pakistan is explored, the total mineral wealth will be USD 60-80 Trillion. (y)

Every Pakistani citizen who owns any land should pick up a shovel and start digging.

Regards
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😆 🤣
 
SoulSpokesman said:
@Distant_Observer

Still 90% unexplored so more to be discovered. Already estimated at $6-8 trillion.

That means when whole of Pakistan is explored, the total mineral wealth will be USD 60-80 Trillion. (y)

Every Pakistani citizen who owns any land should pick up a shovel and start digging.

Regards
Click to expand...

I meant 90% unexplored of the $6-8 trillion estimate. It could be 10 or 20. I have a feeling there is a lot more.
 

Finland’s metso to boost role in Pakistan’s mining sector, eyes expansion beyond Reko Diq​



Pakistan and Finland have agreed to strengthen cooperation in the mining sector, with Finnish firm Metso announcing plans to expand its footprint beyond the flagship Reko Diq project, where it is already a key supplier.


A Finnish delegation led by Ambassador Hannu Ripatti, Metso’s President of Minerals Piia Karhu, and Pakistan’s Honorary Consul General to Finland Willie Eerola held a meeting on Monday with Federal Minister for Petroleum Ali Pervaiz Malik.

During the talks, Malik underlined the government’s reform agenda, stressing that Pakistan is “decisively moving away from primitive mining practices toward modern, mechanized, and responsible mining.” He said the country has “harmonized its mineral framework” to make the sector globally competitive, while citing Reko Diq as the “torchbearer” of Pakistan’s mineral ambitions.

Karhu praised Prime Minister Shehbaz Sharif’s commitment to uplifting the sector and confirmed Metso’s plans to broaden its engagement in Pakistan. “We also plan to train local human resources, aligning with Pakistan’s goals for sustainable development and skill enhancement,” she said.

Malik welcomed the company’s investment and capacity-building efforts, adding that training local talent would not only create prosperity at home but also provide a skilled workforce for global markets.

Both sides expressed intent to harness Finnish technological expertise to unlock Pakistan’s vast mineral resources in a responsible and efficient manner.
 
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Interesting interview with expert, he says 6-7 more Reko diqs like mines will be found soon.
 
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