In a landmark development, Pakistan’s Reko Diq copper-gold project in Balochistan is forecast to generate US$ 53 billion in revenue over the next 37 years, while creating about 7,500 employment opportunities for locals.
According to sources, the project is nearing a financial close, with construction scheduled to begin around 2028. Phase one of the project requires US$ 3.5 billion in financing, with total construction costs estimated at US$ 5.6–6 billion. In a later expansion (phase two) expected to start in 2032, a further US$ 3–3.6 billion will be invested.
Once operational, the mine’s first phase is projected to produce 260,000 tonnes of copper and 300,000 ounces of gold annually. In the second phase, output is expected to rise to 400,000 tonnes of copper and 500,000 ounces of gold per year.
Beyond financial gains, the project promises significant social benefits for the Chagai district: plans include providing clean drinking water, upgrading primary schools, and offering vocational training. So far, about 380 residents have completed vocational training, and 27 students have won scholarships to study abroad.
To fund this mega-project, US$ 2.5 billion in international financing has already been secured. Talks are ongoing with major global institutions like the World Bank, Asian Development Bank, IFC, and governments of the United States and Japan.
The project is expected to generate a total cash flow of $70 billion.
