Reko Diq is located in Balochistan province of Pakistan. It is a small town of Chagai district.
It is known that deposit at RekoDiq is a large low grade copper porphyry, with total mineral resources of 5.9 billion tons of ore with an average copper grade of 0.41% and gold grade of 0.22 g/ton. From this, the economically mineable portion of the deposit has been calculated at 2.2 billion tons, with an average copper grade of 0.53% and gold grade of 0.30 g/ton, with an annual production estimated at 200,000 tons of copper and 250,000 ounces of gold contained in 600,000 tons of concentrate.
According to the extensive technical and financial studies undertaken, in order to secure optimal ‘economies of scale’ efficiencies, and lower mining and processing costs, a large scale, state of the art mining and processing unit is required at RekoDiq. TCC brings with it the technological edge and proven expertise of its parent companies, Barrick Gold and Antofagasta Minerals, for making RekoDiq project the first ever large scale copper and gold mine in Pakistan.
Many foreign companies tried to get access to such an enriched mines, not only copper is discovered but a huge resource of Gold is wraped under solid rocks. Delay in issuing license for exploration and extraction has been made to evaluate different offers from many countries like UAE to work on this project.