Friday, October 21, 2011

Balochistan is one of the richest region, only Reko Diq has 730 million tons of resources

Diq has 730 mln tons resources: NA body informed RekoPDFPrintE-mail
ISLAMABAD, Oct 21 (APP): Dr Samar Mubarkmand on Friday said that in Reko Diq has 730 million tons resources, of which 0.6% copper and 0.4g/t gold. Giving a briefing to NA standing committee on Inter-Provincial Coordination which met here under the chairmanship of Mir Ahmedan Khan Bugti, he said that the estimated global resources are more than three billion tons of mineralized material, including 18 million tons of copper and 35 million ounces of gold. 

He informed that annual operating cost is Rs.2,045 million, and annual profit for processing 5,000 ton/day in a single shift of work is Rs.6,079 million.
“If three shifts work per day, the annual profit would be Rs.18,238 million, he said. 
Dr Samar further said that other associated metals including lead, zinc, silver, cobalt, iron and sulfur were considered as additional by-products, sufficient enough to contribute in the pay back for the cash flow of the operating mine.
The Director General (Minerals), Ministry of Petroleum and Natural Resources briefed the committee about Saindak Copper Gold project. He informed that total resources are 412 million tons of ore, consisting of three ore bodies, East, North and South. 
The total income of Government of Pakistan and Government of Balochistan from this project is $ 44.866 million and profit share of Chinese company is about $165 million.
After the briefing, the members appreciated the work of Dr Samar Mubarakmand on these projects and asked that the committee fully support these projects.

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