Ali Pervaiz Malik met John L. Thornton in Islamabad to discuss progress on the Reko Diq mining project and future development plans.
The meeting focused on ongoing construction work, coordination between stakeholders, and implementation milestones for the Reko Diq project, considered one of the world’s largest undeveloped copper and gold reserves.
During the discussions, officials highlighted the strategic importance of Reko Diq for Pakistan’s economy, mining industry, and export sector.
The government said the project is expected to attract major foreign investment, create thousands of jobs, and support long-term economic development, especially in Balochistan.
Pakistan also reaffirmed its support for large-scale mining projects aimed at strengthening the country’s mineral resources and boosting export potential.
Barrick Gold Corporation reiterated its commitment to the project and appreciated the continued cooperation from the Government of Pakistan.
John L. Thornton said close coordination among all stakeholders would remain critical for the successful execution of a mining project of this scale.
Barrick Gold currently operates the Reko Diq project and holds a 50 percent ownership stake under the existing partnership structure.
The remaining ownership is equally divided between Pakistani state-owned enterprises and the Government of Balochistan, each holding 25 percent shares.
Officials said the structure combines international investment with provincial participation and local economic involvement.
Although no new financial agreements were announced during the meeting, both sides agreed to continue close cooperation to keep the Reko Diq project moving forward.
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