Saindak project lease enlarged for 15 more years.

The government on Wednesday approved revised terms of the Saindak Gold and Copper Mine project - a joint venture between Pakistan and China - and extended the lease period for another 15 years to extract metals from the mine.

The share of the government of Pakistan has been increased by 3 percent to 53 percent while the Chinese company has also agreed to enhance rent, royalty and social uplift payments to the federal and Balochistan governments, according to the revised terms that the Economic...