Government of Balochistan desires to obtain significant benefits from the Reko- Diq (Reko-Diq is the small town in Chaghi Baluchistan province Pakistan) copper, uranium and gold mining project, instead of that, they can not tolerate the misuse of the province’s natural resources; it was mentioned by the Minister of Mines & Minerals Balochistan.In addition he said that, There are some reservations concerning the agreement with the Tethyan Copper Company (TCC), the government is discussing with it, if the talks become positive and appear, well, otherwise the Chinese companies are also interested in this project.
The Mining Exploration Company Information:
The Mining exploring company has already accomplished its exploration period and has submitted its Feasibility Report to the government of Balochistan.
World’s major mining companies Antofagasta Minerals of Chile and Barrick Gold of Canada both the companies has form the Tethyan Copper Company as a joint venture for exploration, are eager to invest approximately $3.3 billion in Reko Diq project with the Government of Balochistan,
Experts concerning to natural resources mining services assumed that countries, such as Chile, Peru, Argentina and Tanzania had gain profit from their undeveloped mineral potential succeeded in lifting their economies by producing and facilitate environment for private mining investment and somewhat widely open their mineral resources for their country’s economic growth and development and their people prosperity.
The effect of these measurements by the government had proved very fruitful for the people and economy. With this perspective the, Reko Diq project has the potential to provide a similar momentum and development to the Pakistani economy which is now very low because of world economic recession.
This national wealth of Reko-Diq does not stand for anything for the people of Baluchistan if it reside as seditious as it has for hundreds of years. Baluchistan people getting ignored for many years now it is time that they must get their right.
One expert mentioned that there is no mineral policy in the country; the issues of misuse of the mineral resources of country will keep suggestive the country until and unless a proper policy is formulated.
Pakistan could be benefited from this project earn 10 times the amount if this mineral is processed and sold in a refined form. If the government takes it seriously for the development for both people and for the country.Baluchistan mineral resources are valuable only if acknowledged, dig out in a proper method, processed and sold to the commercial markets internationally.
Exploration Company Investment:
The exploration company has already invested approximately $200 million in project if it moved to the right direction then it is expected that it would better for Pakistan poor economy, because this precious project could attract more foreign investment in the country for mining sector. Which is more benefited for the country economy and government will not take more debt from foreign organizations.
If the government is serious and want to take an advantage from this project it would bring technology, while the province’s labor, health, environmental and safety standards would be upgraded and would have a plentiful outcome on the overall economy.
The mining exploration company which is working presently also plans to invest extensive capital in community development, and especially in skills development of local people it will create new jobs for the local people and people will be skilled by training.
The Project Outcome in the Coming Future:
According to the TCC source, the Reko Diq project is estimated to produce 22 billion pounds of copper and 13 million ounces of gold more than fifty (56) years. And the recent information is that about the total worth of this natural wealth is about 500 Billion US dollars.Some expert in Pakistan said that we have the ability to explore our country’s natural resources but on the contrary some scientist and expert concerning to the exploration stated that we not completely capable to get all mineral in the area, for that we need help from the abroad exploration experts.
With the passage of time now the local people are realizing the development of this project. The project will benefit plentiful if it was properly use. Government of Pakistan and Balochistan both must take serious and advantage step and they must reside political issue in this regard. Because it is a question of the country and people development.