What's Happening?
Metso, a Finnish technology company, has secured major contracts worth approximately €70 million to supply advanced beneficiation and dewatering equipment for the Reko Diq copper-gold project in Pakistan. This development follows a frame agreement announced in August 2025. The contracts include the delivery of Metso Plus equipment, such as TankCell and Concorde CellTM technologies, for the mine's beneficiation circuit. The Reko Diq mine, owned 50% by Barrick Gold and 50% by the governments of Pakistan and Balochistan, is one of the world's largest undeveloped copper-gold areas. The project, which faced delays due to a dispute resolved in 2022, is expected to begin production by the end of 2028.
Why It's Important?
The development of the Reko Diq mine is significant
for Pakistan's economy, which has been struggling. The mine's potential to become a major copper-gold producer could boost economic growth and create jobs. Metso's involvement with advanced technology solutions is expected to enhance the mine's efficiency and output. The use of TankCell and Concorde Cell technologies aims to optimize metallurgical efficiency while reducing costs, which is crucial for the project's success. The collaboration between international companies and local governments highlights the importance of foreign investment in developing Pakistan's natural resources.
What's Next?
The Reko Diq project is set to start production by the end of 2028, with ongoing equipment deliveries and installations. Stakeholders, including Barrick Gold and the Pakistani government, will likely focus on ensuring the project's timely completion and operational success. The project's progress will be closely monitored by investors and industry analysts, given its potential impact on the global copper-gold market. Additionally, the successful implementation of Metso's technologies could set a precedent for future mining projects in the region.
