Reko Diq: Pakistan risks squandering billions in questionable deal

Published: January 12, 2011

Multi-billion-dollar project placed at the mercy of consortium companies who may walk away with its riches.

KARACHI: In what is being described as the most unfair business deal of the decade, the multi-billion-dollar Reko Diq copper-and-gold project has been placed at the mercy of a consortium of companies who may walk away with its riches, robbing the country of a golden opportunity to lift itself out of its growing external debt.

The consortium will take away  75 per cent of the income while the Balochistan government will get a paltry 25 per cent of share from the project as part of the terms of agreement.

Geologists have estimated that Reko Diq contains mineral deposits worth $500 billion and if the authorities did not take action immediately, this golden opportunity of turning around Pakistan’s fate will be lost.

Preparations are believed to be under way to sign agreements for mining and excavation with a consortium of foreign companies without any effort being made to estimate the actual worth of the vast gold and copper reserves found in the Chaghi district of Balochistan. According to  geologists the actual worth of the reserves can be upwards of $500 billion. Economists say that the reserves are not only a solution to the nation’s economic woes, but can also help wipe out Pakistan’s debt.

Geologists associated with the Geological Survey of Pakistan had discovered huge reserves of gold and copper in Chaghi and adjoining areas in 1978-79.

After this discovery, international consultants of repute were commissioned to prepare feasibility studies about Saindak under the supervision of the Resource Development Corporation. They included Mountains Estates Enterprises (USA), Cel Trust Engineering (UK), Oto Kumpo (Finland), RTB Bor (Yugoslavia).

But after the Saindak study, instead of appointing international consultants for assessing the value and quantum of Reko Diq reserves, the Balochistan government entered into an agreement in 1993 with an Australian company having vast investments in oil and gas sectors under which 75 per cent of the reserves of Reko Diq were to be given to  BHP Billiton, while 25 per cent share was to go to the government of Pakistan.

The drilling work for the feasibility study report was started under this agreement but in 2006,  BHP Billiton suddenly sold its shares to Canadian company Barrick Gold which, in turn, sold half of its 75 per cent shares in Tethyan Copper Company (TCC) to Chile’s firm Antofagasta. This means that now Balochistan is owner of 25 per cent share in TCC while Barrick Gold and Antofagasta hold 37.5 per cent share each.

The TCC completed its feasibility report last year and claimed that the feasibility study and social and environmental analysis cost it $250 million while the overall estimate of the project – $3.3 billion – will be spent in the next 56 years.

According to geologists who played important role in the Saindak project, foreign companies make such agreements with developing companies to take advantage of their lack of funds and earn hefty profits by purchasing mineral reserves at throwaway prices.

They said that it was strange that the successful process of Saindak was not replicated in this case.

Analysts said that in Saindak, the drilling was done 91,000 feet deep while the cost was just $20 million while according to the TCC website, drilling on this project was only done till a depth of 21,000 feet.

They also contest the company’s claim about overall cost ($3.3 billion), calling it an exaggerated figure. They said it was not too late to get a consultancy firm hired to conduct a standard study. The services of Pakistani geologists can also be utilized for supervising the drilling work. According to the experts, the Balochistan government is not bound to assign the contract of mining and processing to the same firm which was given the licence for exploration.

Geology expert Dr Suhail M Qureshi said that Deko Riq reserves were being sold at  very cheap prices. He said that according to the information received, the average price of gold and copper reserves is agreed to be $4,000 per ton which is too low. He said that an area of 25 square kilometers has been given on a 30 year lease.

Former finance minister Shaukat Tareen said that such conflicts can be averted if transparent procedures are adopted and national interest remains uppermost when concluding agreements for natural resources. He said that all the steps that the government of Balochistan is taking now to make the deal transparent should have been taken much earlier.

He said that according to his information, Reko Diq has the fifth largest reserves of gold and copper in the world and under the raw material agreement Pakistan will get $40 billion in 30 years. He said that if Pakistan makes the agreement for the refining process done in Pakistan, the price and income may increase by 7 to 8 times. He said that according to a safe estimate, the income can be raised to $500 billion.

According to Tethyan Copper Company spokesperson Ms Samia Ali Shah (Manager Corporate Communications) the total investment of the present co-owners of TCC is about $435 million, including the cost of acquisition.

Since 2006, about $220 million has been spent on exploration and technical studies. For mining and processing plant another “$3.3 billion will be required”

According to Ms Shah, once the Supreme Court hands down its verdict and all the negotiations are completed and necessary agreements signed, it will take about four years to build the infrastructure required to make the mine operational.

This means that any income from Deko Riq is not possible before 2015.

She confirmed that TCC is working under the same terms and conditions that BHP and government of Balochistan agreed upon in 1993.

She said that so far the feasibility study and environmental and social impact assessment reports have been completed and these are important milestones in the mining cycle which establish whether the project is financially and technically viable.

Published in The Express Tribune, January 12th, 2011.

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Reader Comments (48)

  • Ali Turk
    Jan 12, 2011 - 8:55AM

    Why does the government not appoint international consultants who are experts in this sector to prepare International bid package and float an International tender,allow sufficient time and have the bids that come in evaluated by two independent consulting firms–one international and one local. Let the best offer get the contract.

    Please let us not have another fiasco like Gwadar Port.Please.This is too serious an issue to be left either to Pakistani politicians or bureaucrats. This a large national asset of PakistanRecommend

  • RizwanTKhan
    Jan 12, 2011 - 10:27AM

    This deal should not take place at any cost. We cant sleep on this issue and let our politicians eat the riches of our country. Recommend

  • Zulfiqar Haider
    Jan 12, 2011 - 12:34PM

    Totally Agreed. We must not ignore this because it holds the key to rid ourselves of the increasing debt. For God’s Sake Politicians! do something about it and don’t waste the opportunity. Or stop crying like little children that we don’t have money for this or that….. Recommend

  • SK
    Jan 12, 2011 - 12:44PM

    If this deal goes through, it will be another blunder by politicians for their own vested interests. It is time, we wake up as a nation and protect what is ours and belongs to our subdued masses.Recommend

  • Zahiq Iqbal
    Jan 12, 2011 - 12:48PM

    I fully agree wuth the above comments. Expertise can be bought for such projects from the ionternational markets. We must be sincere with our country and not let these forien companies take away our national wealth at throw away prices. TCCP’s management does not even care about its own employees that have worked under extreme pressures, how are they going to look after the interests of the Balochistan province in particular and Pakistan in general.

    From what we have heard it is one the biggest racist and bigoted outfit there is.

    We request our Chief Justice and senior government officials to do whatever it takes to get rid of TCCP.

    It would be in the best interest of the country.Recommend

  • Huma Shah
    Jan 12, 2011 - 1:15PM

    suo moto anyone?? Recommend

  • Parvez+Mahmud
    Jan 12, 2011 - 1:17PM

    Baluchistan govt should set up company to mine and refine. There is enough talent around.
    Even if there is some inefficiency or corruption it would benefit Baluch who work. Some people are in rush to make money by handing the place to some foreign company. Let the Baluch stand up for their rights. Recommend

  • Muhammed Hussain
    Jan 12, 2011 - 1:37PM

    Any Comapny that does the mining should also be forced to set up a refining and processing plant for the copper and gold which should only be allowed to leaved the country after it has been processed and ban the export of raw ore. This will mean more money for the country and more jobs for the local peopleRecommend

  • SAAD
    Jan 12, 2011 - 1:41PM

    the gov of baochistan is sleeping
    ppl wake up ,if u keep on sleeping u will b deprived of your right .if this was the case in punjab for sure we would protest for it so y r the baloch sleeping ..wake up dont let any1 loot u
    Recommend

  • omer
    Jan 12, 2011 - 3:27PM

    now where are the so called champions of baluch rights ? where is BLA ? where is bugti’s, marri’s and mengal’s ?
    i wonder Mr. Shahzain was carrying all those weapons to get rid of foreign companies at rekodiq ?
    now to whom would the so called “baloch nationalists” blame over this deal ? as it is the balochistan government which has made this deal.
    i am waiting to see how the psuedo champions of baluch rights spin this deal as an evil work of punjabis+establishment.
    Shameless, spineless people all around, thats Pakistan for you!Recommend

  • tarek
    Jan 12, 2011 - 3:32PM

    There are no riches there. I have been hearing this over and over again. Let the companies do their job. At least the people would get jobs. There is no point in just delaying things for well over 20 years and dreaming about the riches lying underground.Recommend

  • Assad Khan
    Jan 12, 2011 - 4:30PM

    The Reko Diq project also involves Tethyan and Barrack building a lot of infrastructure for balochistan. Roads, hospitals, schools, etc. This is a fantastic opportunity for the country and we shouldnt let short sightedness stymy us. Recommend

  • zee
    Jan 12, 2011 - 5:06PM

    Which geologists and economists have said this…..u should be more clear about your sources. What kind of journalist are youRecommend

  • Sadeeq
    Jan 12, 2011 - 5:52PM

    I appreciate the patriotic and positive step from Dr. Samar Mubarak, and i hope that the court will decide on the best of interest of our nation and this effort will bring prosperity to the locals in Balochistan which means if we would not allow the raw materials to export and emphasize on the reasonable agreement for porcessing of the minerals whatsoever. That time has been over when the developed country used to scavange and drain the wealth of the poor nation.Recommend

  • FF
    Jan 12, 2011 - 7:09PM

    Unfortunately, it is another bad governance with Baluchistan and with their residents. It would be great loss if we haven’t taken it seriously. $500 billion is not a joke and we can change the life of people of Baluchistan if we sincerely handle this project.Recommend

  • Saad
    Jan 12, 2011 - 7:20PM

    I think we must reconsider the deal and see if there is any imbeguity in it. If everything is clear then we must allow this consortium to run the project, becasue Pakistan does not have enough resources and capabilities to go for this project. marely loyality is not enough, mining and nuclear blasts are two separate technologies. Samar will ruin this project like Saindak. All the resources will be eaten up by corrupt politicians and beurocates, and common people will be left with nothing, in my opinion all such projects should be kept away from government reach otherwise we will have another steal mill, PIA and Railway.Recommend

  • Raza
    Jan 12, 2011 - 8:22PM

    More disappointments :(Recommend

  • aamir
    Jan 12, 2011 - 9:44PM

    there is no such expertise in pakistan to complete this project… we neet tcc for such work.. i personally knows tcc as one of the worlds best company that provide lot of jobs,,, excellent infra structure in pakistan…
    if this project will be stolen from tcc… Pakistan will be considered as defaulter and will be black listed in international markets… and it will almost destroy pak investment.
    i am my self an engineer… the feasibility report by tcc is absolutely correct… media is just using this issue… they dont have any sense of the future of pak… these kind of media just needs news about blasts etc in their headlines..Recommend

  • Usman
    Jan 12, 2011 - 11:12PM

    Whoever says that Pakistan has the expertise to run this project and even make demands to do such needs to first review the kind of expertise and technology that is required to run a mine and then carry out the processesing. I have been hearing over the past few weeks statements from people who have no idea about such things making absurd statements. It is correct to say that perhaps the Balochistan government should get more equity share in the project. However, the Balochistan government does not have the equity resources to demand such a share. Under the current arrangement, the TCC has offered to arrange international financing for the government’s equity contribution. So on the one hand, the government is getting its funds arranged by the company and then it wants more share?? First they need to get the funds themselves…which they clearly do not have.

    Pakistan is not in a position to lose this deal. This project can do wonders for job creation, knowledge and technology transfer for the country. Greediness for eradicating its external debt can make Pakistan lose this project at a time when there are not many international investors looking at Pakistan as an investment country. The politicians should not be allowed to run this project otherwise we will end up with another project in the doldrums and spend another 25 years trying to revive this project.

    Exproriation risk in Pakistan is currently one of the highest in the world and therefore the country needs to take this into account as well. However, one thing the government can do is try to attain a competing bidder if possible for the project, which may be difficult considering the country’s situation.

    Get this project started! It can do wonders for the future!!Recommend

  • Saima
    Jan 12, 2011 - 11:23PM

    All patriotism aside, does Pakistan have the required funds and expertise to implement the value-added version of the deal? Will there be any safety for the copper and gold dug out of the mines for refinement? Recommend

  • S.S.H. Zaidi
    Jan 13, 2011 - 12:06AM

    Harnessing our natural resources in the best way possible is one way to pull the country out of poverty. For centuries, the so-called developing countries of today have been robbed of their resources and raw materials by colonial powers. The end of the colonial era saw the rise of neocolonialism and neoimperialism that is still taking advantage of the technological and political weaknesses of these countries. But we must realise that our own ruling elite play an ignominious role in this process when they sacrifice long term national interests in return for their petty immediate personal interests!
    The deal must not be allowed to get through. Let the copper and gold mines be developed in a manner that safeguards the interests of the people and gives the nation worthy return. If this is done, perhaps we could quickly pay off a large part of the national debt and embark on the road to further utilisation of our untapped natural resources. The people of the province, too, should be given a proper share of the jobs and revenue in the project. Recommend

  • Shamsi Ajani
    Jan 13, 2011 - 1:22AM

    Quietly this large valuable asset of Pakistan will also be sold for a “commission” a big one at that. Dream on if you think this asset of the country will not be sold to the highest commission paying entity. I hope and pray that I am wrong
    Pakistan khape……………….Recommend

  • hassan
    Jan 13, 2011 - 1:32AM

    this deal is perfectly normal.. our media is creating false hype and further destablization.Recommend

  • qasim
    Jan 13, 2011 - 9:05AM

    (TCC) have no need to serve the government as Pakistan is an able and sovereign country, having capabilities of doing its work.If although the mining of uranium was a very difficult job, however, we could do it at local level. Pakistan has the capability to have efficient people and experts to explore, mine and refine the natural reserves of gold and copper at Reko Diq in Balochistan. Why Tethyan Company (Pvt) Limited (TCC) wants to take the contract by pressurizing Pakistan through American & International Players & wants to take the the raw material abroad instead refining at local level?Baluchistan’s people have the Ist right to do the Job & get benefits, not any other.Recommend

  • Faraz
    Jan 13, 2011 - 11:08AM

    This may turn out to be another steel mill if you know what i mean.Recommend

  • Eeman
    Jan 13, 2011 - 11:40AM

    If, since 1979, we’d started to prepare ourself in gaining expertise to explore and process these huge reserves, we’d have been in a better position today for its execution. Floating the tender in international market may allow us to reap more competitive choice, but considering the naivety about the whole project — we may not earn what we’re thinking of. Recommend

  • marri baloch
    Jan 13, 2011 - 1:37PM

    reko dik ,no any company plz dont toutch ,balochistan and baloch want only freedom .after we s? balochistan zindabaadRecommend

  • Truth_Prevails
    Jan 13, 2011 - 3:18PM

    @marri baloch…wake up man! generations of slavery for your tribal leaders is enough. If you keep on this attitude and keep on playing in the hands of Pakistan’s enemies “both internal & external”, these mines will continue to serve you as graveyards and nothing more. Develop yourselves, send you kids (both boys & girls) to schools, colleges & Universities. If you dont have enough educational institutes, send them any where in Pakistan. This is your country Man. Else you’ll continue to be at the losing end and unfortunately you wouldn’t even know it! Baluchistan Zindabad, Pakistan Zindabad!Recommend

  • moise
    Jan 13, 2011 - 4:57PM

    Somebody get a court stay order in it. Recommend

  • AS
    Jan 13, 2011 - 5:52PM

    I think Pakistan should always have control over the Gold and Copper reserves and should try to develop competencies in taking full advantage of these reserves. I understand it would take time but I don’t think it is impossible. I am sure if Pakistanis can bring nuclear technology in to the country they can also develop skills and source finances to exploit this opportunity.

    Muslim countries have been blessed by Allah with such natural resources and it is a pitty how non-believers get to take full advantage of them.

    Nothing can be better than having full control of limited natural resources in this world. At the end of the day money is nothing but a piece of paper the value of which is in itself determined by gold reserves of the world.Recommend

  • M Bilal
    Jan 13, 2011 - 10:19PM

    Well if supreme court has taken up the issue then there is some hope or else we have been looted again, its as simple as that. However, at the same time whole nation should be thankful to Mr. Dr. Samar Mubarakmand for coming at front in time and letting us the know the facts.Recommend

  • realMuslim
    Jan 14, 2011 - 12:20AM

    This is all BS! The reko diq doesnt have that much worth! Read the following:
    “The drilling work for the feasibility study report was started under this agreement but in 2006, BHP Billiton suddenly sold its shares to Canadian company Barrick Gold which, in turn, sold half of its 75 per cent shares in Tethyan Copper Company (TCC) to Chile’s firm Antofagasta”

    BHP Billington is a mining giant, with more expertise than all the of our political numb head ! If BHP knew the real worth of the mineral, they would not have sold their share to Barrick gold (which is another GOLD mining giant) ..and then barrick selling its share to TCC , which seems like a front for pakistani owned interest!!Recommend

  • Bling Bling
    Jan 14, 2011 - 5:17AM

    This deal just cannot happen. It has to be stopped!!!Recommend

  • Jan 14, 2011 - 7:34AM

    Disgraceful behaviour! Time to wake up people everywhere, Recommend

  • Jan 14, 2011 - 8:17AM

    Those who say that TCC is helping Pakistan are ignorant kids. Comnies like TCC do not go in unless they see a killing and in Reko Diw they have actually dug a gold treasure which they are not telling anyne how big it is. They have agreements with Baloch govt for one area but they hve dug 300,000 metres or 200 miles below the surface and they want more areas, like 20 more licenses to dig and take away the wealth. Pakistan must shut ad throw TCC out and pay them if they want a compensation. Buying an australian company for 250 mln dollars is their headache. rest 200 mln can be paid to them and they should betold to pack up and go. we should find our own expert to slowly take the gold and copper out and use it for us. Or else TCC should be asked to take all Pak foreign debt like 60 bn dollars and then do whatever it wants tith te mines. there should be some gain for Pak not for a few corupt and dishinest politicians.Recommend

  • Amadeus
    Jan 14, 2011 - 9:19AM

    The reserves are not only a solution to Pakistan’s problems, but it can make everyone here more awesome and sexy.Recommend

  • Sunny
    Jan 14, 2011 - 3:13PM

    These minerals are the property of Pakistan.We cannot allow anyone to steal our minerals..Recommend

  • Qasim
    Jan 14, 2011 - 3:49PM

    Let’s say there are not enough minrals there, then why the hell are they (TCC) trying to grab this project. You were given exploration license and you are paid for that as well then why are you forcing the authorities to get this project.
    I think the biggest challenge for Pakistan to do this project itself is TECHNOLOGY which needs investment as a more than few countries are willing to give Pakistan this technology. We just need to arrange a funds for technology and we have all the other ingredients available, like talent, passion and most importantly NEED. need for employement for hundereds of thousands of people, need of being debt free nation, need for sustainable economy and need for exploring further not only reko diq as we have plenty of more minrals like urenium, coal, silver, oil, gas and titenium. please stand united because selling packed mobil oil gives income manyfolds more than selling crud oil and letting people make mobil oil and sell it back to us and earn profit more that what we earned!!!!!!Recommend

  • Jan 14, 2011 - 4:06PM

    It was sucha crucial project, cant believe that govt is sleeping. Pakistan would have to face a huge setback, once this collapses. Recommend

  • Ali
    Jan 14, 2011 - 5:10PM

    Who are we,..it is a baloch territory, if balochis are happy with their own way of life, spare them and leave them alone. Do we want to make the same mess there what have we made in rest of Pakistan? We have enough share of loot and plunderings to recover in and among educated civilised and enlighted Pakistan. Show them good examples of civilised, cultural, moral and monetory honesty…..hah….. and THEN have rights to preach sermons on the dreams of development. (exclusively for Mr.Truth_Prevails).Recommend

  • Sajjad Ali
    Jan 14, 2011 - 5:38PM

    Dont worry… Dr. Samarkand Mubarak important ally of Dr. Qadeer Khan has taken over the Riko Diq project.

    Dr Mubarakmand, who has recently been elected unopposed as president of the Old Ravians Union, said Pakistan was one of the richest countries in the world in terms of mineral reserves and there was a need for proper exploration of these reserves.
    “If we take steps in the right way, Pakistan will become a developed rich state in next two decades,” he said.

    According to the recent evaluation, he said, the copper and gold reservoirs in Balochistan were worth US $273 billion while a similar kind of reserves had also been discovered in North Waziristan.

    Dr Mubarakmand said coal reserves were also available in powder form under water and Pakistan could produce 50,000 megawatt electricity and 100 million barrel diesel just through the gasification of these reserves.

    He said the talented students had already carried out a successful project to make diesel from the coal gas at the laboratory level.

    He said Pakistani students were competent enough to explore and utilise mineral reservoirs of the country. There was a need of thousands of mathematicians, chemical analysts, engineers and other experts for exploration of mineral reserves at commercial scale, he said. However, he regretted that Pakistan had a very small number of educational institutions of higher education that were producing quality manpower.

    The scientist said out of 140 experts, who carried out nuclear explosions in 1998, as many as 60 were Old Ravians and their team leaders who pressed the button for explosions was also a Ravian.

    He advised the students that the country could not wait more for quality leaders. “Now, the youth should lead and work for the progress of its country,” he said.

    Criticizing the nationalization policy of 1970s, he said that it stalled the country’s progress.

    Speaking on the occasion, GCU Vice-Chancellor Prof Dr Khalid Aftab said the absence of quality education was the real cause of the overall social decline in the country.

    He said the poor quality education gave birth to general stagnation that over the time might produce unmanageable problems as was evident in the present society.

    He said only a few educational institutions were imparting quality education to students, adding that higher education in Pakistan had a class bias against students of the low-income strata.Recommend

  • Sher Bahadur
    Jan 14, 2011 - 6:02PM

    The planning Commission , Government of Pakistan in their news letter Volume 2, issue 2, September 2010 summarize Reko Diq project to be initiated by the Federal Govt. in cooperation with the Govt. of Balochistan under the supervision of Dr. Sammer Mubarkmand, Member (S&T), Planning Commission at capital cost of Rs 8812.22 Million,
    The said project would create a facility for processing of 15000 tones of copper ore per day to produce Copper metal, and other valuables such as Gold, Silver, Molybdenum and Sulphuric Acid etc. This facility will be for the production of copper and gold ingots only. This project would provide necessary infrastructure to give boost to the mineral sector by exploiting the mineral resources of the country and generate approximately 38,325 tones of copper and 42,618 ounce of gold per year earning a profit of Rs 15,875.92 Million.
    Later in Supreme Court of Pakistan Dr. Sammer Mubark mentioned US$ 2 billion per year income from the project. Based on the Planning Commission figure it can be calculated that the total revenue generated will be in tone of US$ 367.
    At present Pakistan lacks the expertise in large scale open pit mining. Nuclear technology has got nothing to do with mining. If there are any doubts in the mineral resources GOP or GOB can hire International Companies in the business to audit the resources and accordingly we can take a firm decision. Just the emotion and fairy tales the project cannot be implemented. There isn’t any logic that just with Rs 8 billion investment we can earn US$ 2 billion every year.Recommend

  • Zahiq Iqbal
    Jan 14, 2011 - 7:15PM

    Great, all you people do your part so Reko Diq does not land into foreign hands, expecially TCCP. Anybody woiuld be better than them.Recommend

  • Junaid
    Jan 19, 2011 - 1:09PM

    we must not let anyone steal us of our wealth. Pakistan is a rich nation and each and every Pakistani should act on protecting the countries assets, specially if they are of such a strategic nature that it can take our country out of its troubles. I am sure there are other such terasures hidden. I urge our politicians in good faith that they should act postively on this. We are living in a democracy and hence a consenses should be reached on this as well, as to how to alliviate poverty by using our various assets. As mentioned earlier, we do have the capability to extract the resources, and if we are lacking somewhere, lets have the expertise. For once, I appeal to everyone specially the politicians to use their brains on the right track. The country proposers and so will everyone. The people of Baluchistan should be given royalty and funds should be spent on their province, which has been under deprivation since last so many years. I think all of us should stand up at this opportunity. Recommend

  • sultanasani
    Jan 20, 2011 - 10:49AM

    the rekodiq project is mioss handled by the powerfull .The contract may cancled and international tender may call with mutual understanding to balochpeoples as wel as government of balochistan.the committe be constituted by pro0vincial assembly who look after the routin and policy Recommend

  • Rafaqat ALI
    Feb 4, 2011 - 2:55PM

    Allah has given a lot of sourc to pakistan n i think its our duty now to utilize these soure with full signity n for the integrity of Pakistan n its peole i want to say the rekodik mission should must be refine in pakistan if we can refine the urinium from soil then why we can this project the international community n pakistan,s enemies is looking to pakistan when pakistan become in more problems n we hold on this country pakistan enemies donot want that pakistan become a stable country because they now pakistan is a fort of islamic world ALLAH bless on pakistanRecommend

  • Saad
    Feb 4, 2011 - 7:33PM

    Rafaqat Sahab,
    you are basing your comments on assumptions, i would request all loyal pakistanies and balochies to come out of fools paradise. Mare loyality is not enough, all developed countries take steps to bring foreign investments in the country where as our clueless leaders and judiciary are fastening their shoes to stop whatever investments foreign companies want to bring in. I dont want to see the situation of reko diq like Pakistan Steel, PIA or Railways. we are not capable of handling small corporations and talk about multi billions dollars project. Refining process is not recomended by the experts who know the procees.Recommend

  • Imtiaz Hanif
    Feb 6, 2011 - 7:04PM

    Pakistan is now a mature country and we should take the decisions with maturity. There are geologists, scientist and mining engineers in this country who are able enough to explore, mine and then process to exploit the natural resources according to the needs of this nation. We should give our universities and research institutes projects to feed their scholars who should work and end up into research papers applicable to our needs. Reko diq data needs such scholarly work needed by this nation. Balochistan Zindabad, Pakistan Paindabad !!!!!!!!!! Recommend

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