Copper-gold project: SC moved to resume Reko Diq case
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Tethyan filed arbitration proceedings in Washington and Paris a few days ago in order to protect its legal rights, according to its CEO Tim Livesey. Tehthyan, exploring gold and copper deposits in the Reko Diq area, opted for arbitration after the Balochistan government turned down its application for granting a mining lease on November 16.
TCC loses battle to mine Reko Diq
Critics say the rejection of TCC deprives the country of foreign investment worth $3.3 billion and sends a bad signal to prospective foreign investors interested in Balochistan, which has considerable mineral reserves.
Major gas discovery in Marri-Bugti area
[S]tate-run Oil and Gas Development Company Limited (OGDCL) is reported to have made a major gas discovery in Zin block in Balochistan's restive Marri-Bugti area
Over 1,339 tonnes gold reserves
Pakistan has 1,339.25 tonnes of gold reserves situated in Baluchistan province alone with 63.50 tonnes at Saindak and 1275.75 tonnes at Reko Diq, official sources said here yesterday.
Intl. Companies Show Interest in Iran-Pakistan Gas Pipeline
The pipeline will carry gas from the South Pars field via Baluchistan province in southwest Pakistan to an off-take point in Nawabshah. South Pars, which extends from Qatar's North Field, is the largest known gas deposit in the world.
Reko Diq project: Balochistan can refuse mining licence, says official
According to the feasibility study of the project, there is approximately $127 billion worth of gold and copper reserves "” an estimate contested by the Pakistani experts who say that the real value is over $260 billion.
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