According to an OGDCL spokesperson, the company will hold an 8.33% stake in the project.

The OGDCL board of directors has approved financing arrangements for Reko Diq. The project is expected to yield approximately 13.1 million tons of copper and 17.9 million ounces of gold.

In the first phase, starting in 2028, the project will process 45 million tons annually. A total investment of $3 billion has been approved for this phase. Following the feasibility study announcement, OGDCL shares surged by 2.76%.

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The project, spanning 37 years, is expected to significantly boost copper and gold production in Pakistan.

Other key stakeholders in the Reko Diq venture include Pakistan Petroleum Limited (PPL), Government Holdings Private Limited (GHPL), Barrick Gold, and the Balochistan government.

According to the spokesperson, the second phase will expand the processing capacity to 90 million tons per year, further strengthening the country’s mineral output and industrial growth.