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ADB approves $410 million for Pakistan mine project
Gulf Today
|August 23, 2025
The Asia Development Bank approved a $410 million package for developing Pakistan's Reko Diq copper and gold mine on Friday.
The potentially hugely lucrative open-pit project in Pakistan's Balochistan province seeks to develop one of the world’s largest untapped copper and gold deposits, with production expected to start in 2028.
The ADB package includes $300 million in loans to Canadian firm Barrick and a $110 million credit guarantee for the local government.
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