Reko diq will reach the financial closure of $ 6.4 billion next month


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The signing of the Reko DIQ Mining Project Agreement of $ 6.4 billion next month is expected, since the final agreements for loans of international partners are being completed.

The financial structure involves international lenders, including the EE. UU.

After financial closure, investment tickets to Pakistan are expected to accelerate, with about $ 3 billion in advance only from world financial partners.

Of the total of $ 6.4 billion, the federal government will have $ 3.4 billion, of which $ 1.7 billion will be attributed to Baluchistan under the participation of the oil division.

Production is expected to begin approximately three years after financial closure. In the first year of production, it is projected that the combined income for federal governments and Baluchistan will reach $ 3 billion.

The Reko DIQ project is considered one of the largest underdeveloped copper gold deposits in the world and is considered an important step to attract direct foreign investments to the Pakistan mining sector.

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