Pakistan and Barrick Mining Corporation are reviewing security arrangements for the massive Reko Diq copper and gold project, one of the country’s largest mining investments.

The discussions come as both sides assess whether additional security measures may be required to support future project expansion and operational needs.

Officials confirmed that a high-level Barrick delegation is currently visiting Pakistan to review security requirements and procurement plans related to the project.

The review is being conducted under existing provisions already included in the Reko Diq project agreement signed between the parties.

OGDCL Chief Executive Officer Ahmad Hayat Lak said a formal assessment is underway to determine whether extra security resources and funding will be needed.

He emphasized that Pakistan remains responsible for ensuring the security of the project as the host country for the strategic mining venture.

The Reko Diq project is considered one of the world’s largest undeveloped copper and gold deposits. It is expected to attract billions of dollars in investment over the coming years.

Officials stated that international lenders have already reviewed the current security framework and expressed confidence in existing arrangements.

According to project representatives, recent discussions with financiers in Canada received a positive response regarding security management and project stability.

Additional investors have also shown interest in participating in the project, reflecting growing confidence in Pakistan’s mining sector.

Petroleum Minister Ali Pervaiz Malik revealed that Barrick Executive Chairman John L. Thornton recently led a senior delegation to Islamabad.

The meetings focused on security planning, procurement strategies, financing opportunities, and long-term project development.

Government officials and Barrick representatives also discussed the acquisition of heavy-duty mining equipment through competitive bidding processes.

The possibility of expanding financing and credit facilities was another key topic during the talks. Additional funding could help accelerate project development.

Industry experts view the latest discussions as a positive sign for the future of the Reko Diq project and Pakistan’s broader mining industry.

The project is expected to create thousands of jobs and contribute significantly to economic growth in Balochistan and across Pakistan.

Analysts believe that successful development of Reko Diq could strengthen Pakistan’s position in the global copper and gold market.

The project has attracted considerable international attention due to the size of its mineral reserves and long-term production potential.

Officials maintain that security remains a top priority as construction and development activities continue to expand.

Beyond mining discussions, the petroleum minister also hinted at possible relief for domestic gas consumers during the upcoming gas tariff review.

He suggested that consumers may receive positive news regarding gas prices when new tariff decisions take effect from July 1.

The government has also moved to establish a lower gas pricing mechanism for power generation compared to imported LNG supplies.

Meanwhile, local gas production has reportedly increased by approximately 400 million cubic feet per day to help stabilize energy supplies.

Authorities are also preparing proposals aimed at addressing circular debt challenges within Pakistan’s gas sector.

The Petroleum Division remains optimistic that ongoing discussions with international lenders could support refinery modernization and energy sector reforms.

As security assessments continue, the Reko Diq project remains one of Pakistan’s most important investment initiatives, with the potential to transform the country’s mining and export landscape in the years ahead.