President Trump Approves $1.25 Billion for Pakistan's Reko Diq Mine
The Trump administration has approved $1.25 billion in financing through the US Export-Import Bank for the Reko Diq copper-gold mine in Balochistan, Pakistan. This project is expected to bring up to $2 billion in US mining equipment and services, creating approximately 6,000 jobs in the US and 7,500 jobs in Pakistan. The Reko Diq mine, featuring vast undeveloped deposits, is a joint venture between Barrick Gold Mining and the Pakistani government, with production slated to begin in 2028. This investment is part of a broader strategy to secure critical minerals and strengthen economic ties with Pakistan.