Reko Diq case: Barrick Gold to invest $10 billion in gold mines in Balochistan as part of the $11 billion Reko Diq penalty

Good News! The governments of Pakistan and Balochistan have reached an agreement on a framework that will allow the Reko Diq project in Pakistan’s Balochistan province to be reconstructed.
The project, which was halted in 2011 due to a legal dispute over its licensing process, is home to one of the world’s largest undeveloped open pit copper-gold porphyry deposits.
Prime Minister Imran Khan congratulated the country on Twitter: “After ten years of legal battles and negotiations, I congratulate the nation and people of Balochistan on a successful agreement with Barrick Gold to develop the RekoDiq mine. A penalty of approximately $ 11 billion will be waived, with $10 billion going to Balochistan to create 8000 new jobs.”