Leading mining technology company Weir Group has landed a £53 million (USD 69 million) deal for mining equipment for Pakistan’s Reko Diq greenfield copper-gold project.
The Glasgow-based global engineering firm from Scotland said on Tuesday that it will provide tailings, separation, and fine grinding solutions for the project’s initial phase in the province of Balochistan.
The Reko Diq project is a major mining and development endeavor situated in Balochistan’s Chagai District.
The project is one of the biggest undeveloped copper-gold projects in the world and is a vital component of Canadian mining firm Barrick Gold’s copper portfolio.
Barrick owns 50% of Reko Diq, three federal state-owned businesses control 25%, the Province of Balochistan owns 15% fully financed, and the Province of Balochistan owns 10% free carried.
Weir CEO Jon Stanton expressed his delight at securing this important contract, which signifies additional industry acceptance of Weir’s unique, sustainable, and economically viable redesigned flowsheet solution. “Our industry-leading HPGR technology is especially well-suited for the water-scarce climate and geology of the Reko Diq copper-gold project.”
“Barrick is pleased to be working with Weir in delivering sustainable mining and processing in the new mining frontier of Balochistan,” said Mark Bristow, president and CEO of Barrick, in addition to expressing his satisfaction with the cooperation.
Barrick’s strategically important copper and gold portfolios will expand as a result of the Reko Diq project, which will benefit all of its stakeholders in Pakistan and Balochistan.
