Imran witnesses signing of new agreement for Reko Diq project PM greets nation over mine pact.

Prime Minister Imran Khan on Sunday witnessed the signing ceremony between the Government of Pakistan, the Government of Balochistan and Barrick Gold Corporation of Canada after successfully resolving the longstanding dispute with Tethyan Copper Company (TCC) concerning the development of copper and gold mines in Chagai, popularly known as the Reko Diq dispute.

A new agreement was signed by representatives of the Federal and Balochistan Governments with a delegation of Barrick Gold, led by Chief Executive Dr. Mark Bristow.

As per the terms of the new agreement, the Reko Diq project shall be revived and developed by Barrick gold in partnership with Pakistani entities.

The new project company shall be owned 50 percent by Barrick Gold. The remaining 50 percent shareholding shall be owned by Pakistan, divided equally between Federal Government and the provincial government of Balochistan.

Federal Government's 25 percent shareholding shall be divided equally amongst three state-owned-entities of the Federal Government, namely Oil and Gas...