{"id":4966,"date":"2026-11-13T13:58:26","date_gmt":"2026-11-13T13:58:26","guid":{"rendered":"https:\/\/southasianchronicle.com\/?p=4966"},"modified":"2026-11-13T14:01:02","modified_gmt":"2026-11-13T14:01:02","slug":"barrick-mining-mineral-processing-karachi-gwadar","status":"publish","type":"post","link":"https:\/\/southasianchronicle.com\/index.php\/2026\/11\/13\/barrick-mining-mineral-processing-karachi-gwadar\/","title":{"rendered":"Barrick Mining Shows Strong Interest in Mineral Processing Industries in Karachi and Gwadar"},"content":{"rendered":"

A delegation from Barrick Mining Corporation expressed strong interest in investing in mineral processing industries in Karachi and Gwadar. The interest was voiced during a meeting with Prime Minister Shehbaz Sharif, according to an official statement. The talks also covered policy, regulatory and infrastructure frameworks for the mineral sector in Pakistan. dawn<\/span><\/a><\/p>\n

The development adds a new dimension to the Reko Diq project. Until now, the focus has been on mining copper and gold in Balochistan. Processing minerals inside the country would be a major shift in how Pakistan earns from its natural resources.<\/p>\n

Background<\/h3>\n

Barrick Mining is a Canadian miner and the lead operator of the Reko Diq project in Chagai district, Balochistan. The company returned to Pakistan in 2022 after a years long legal dispute was settled, and the mine has since become a flagship investment for the country. The project is among the largest undeveloped copper and gold deposits in the world. dawn<\/span><\/a><\/p>\n

The project is described as a $7 billion venture expected to begin production by the end of 2028. Over the life of the mine, it is expected to yield 13.1 million tonnes of copper and 17.9 million ounces of gold. These figures explain why both Islamabad and the company treat the project as a long term anchor. dawn<\/span><\/a><\/p>\n

Barrick has shown interest in Gwadar before. In 2022, a company team led by the Reko Diq project director visited the port city and met the Gwadar Port Authority chairman. At that time, the discussion centred on shipping minerals and investing in local development. Friday\u2019s statement goes further by pointing to processing industries.<\/p>\n

Details of the Meeting<\/h3>\n

The delegation was led by Barrick Chairman John Thornton, according to a Prime Minister\u2019s Office release carried by the Associated Press of Pakistan. The prime minister welcomed the company\u2019s participation in the Pakistan Minerals Investment Forum and described Reko Diq as a major milestone for investment in the mineral sector. He also called it a project of strategic importance for the country\u2019s economic future. app<\/span><\/a><\/p>\n

The delegation appreciated the government\u2019s decision to organise the investment forum. It described the event as an important step toward advancing mineral development in Pakistan. The two sides then discussed what policy and infrastructure conditions would be needed to attract more capital.<\/p>\n

The prime minister also expressed a desire to draw on Barrick\u2019s expertise and experience to develop the mineral sector beyond Reko Diq. This suggests Islamabad wants the company\u2019s role to grow past a single mine. It also signals that the government is looking for technical partners, not only financiers. dawn<\/span><\/a><\/p>\n

Why Karachi and Gwadar<\/h4>\n

Karachi is the country\u2019s busiest commercial hub and already handles the movement of Reko Diq related cargo. The project requires a railway line upgrade to transport copper concentrate to Karachi for processing abroad. A processing facility in Karachi could reduce the need to send concentrate overseas. dawn<\/span><\/a><\/p>\n

Gwadar offers a deep sea port and a free zone, which makes it attractive for industrial investment. Pakistani authorities have repeatedly promoted the port as a regional transshipment centre. Processing industries there could, in theory, link mineral output from Balochistan with international buyers through a shorter route.<\/p>\n

Statements from Officials<\/h3>\n

The prime minister said Pakistan was rich in natural resources and committed to putting them to use. As reported by Dawn, he said the success of Reko Diq would \u201cset a benchmark for future mineral investment\u201d in the country. He added that the government was working to create a favourable environment through trade, investment, infrastructure and modern technology. dawn<\/span><\/a><\/p>\n

The prime minister also stressed that Balochistan\u2019s resources must benefit the province. According to the official release, he said effective use of its natural wealth was essential for development and public prosperity. This point matters because local benefit remains a sensitive issue in the region.<\/p>\n

Impact and Analysis<\/h3>\n

For Pakistan, processing minerals at home could raise the value of exports considerably. Raw ore and concentrate earn far less than refined metals. Pakistan\u2019s mineral sector currently contributes about 3 percent of GDP, while experts say vast resources remain untapped. Local processing could help close part of that gap. pakistantoday<\/span><\/a><\/p>\n

The move could also create jobs and support industrial growth in two coastal cities. Construction, logistics, power and skilled technical roles usually follow large processing plants. However, these benefits depend on reliable energy, water supply and transport links, which still need investment.<\/p>\n

Challenges remain. Balochistan suffers frequent attacks by separatists, which makes security a major concern for the mine. Investors will also watch regulatory stability and the pace of infrastructure upgrades. Interest expressed in a meeting is not the same as a signed agreement or a final investment decision. arabnews<\/span><\/a><\/p>\n

Regionally, the story fits a wider pattern. Other foreign firms have also explored refining and processing in Pakistan, including plans linked to Karachi and Gwadar. If several projects move ahead, the country could position itself as a mineral processing and export base. For more business coverage from the region, readers can follow the economy reports on South Asian Chronicle<\/a>.<\/p>\n

Conclusion and What Comes Next<\/h3>\n

Barrick Mining\u2019s interest in processing industries marks a possible next stage for Pakistan\u2019s mineral ambitions. No investment figure, timeline or site has been announced. Any plan will likely require feasibility studies, government approvals and agreements on power, land and logistics.<\/p>\n

The coming months will show whether the interest turns into a formal proposal. Observers will watch for follow up talks, announcements from the Pakistan Minerals Investment Forum and progress on the Reko Diq schedule. Readers can find more updates on Pakistan\u2019s mineral sector<\/a> and wider South Asian business news<\/a> on South Asian Chronicle.<\/p>\n

Frequently Asked Questions<\/h3>\n

What did Barrick Mining announce about Karachi and Gwadar?<\/h4>\n

Barrick Mining did not announce a project or an investment amount. Its delegation expressed strong interest in setting up mineral processing industries in Karachi and Gwadar during a meeting with the prime minister. This is an expression of interest, and any formal plan would need further study and government approval.<\/p>\n

Who led the Barrick Mining delegation?<\/h4>\n

According to the Prime Minister\u2019s Office release, the delegation was led by Barrick Chairman John Thornton. The group took part in the Pakistan Minerals Investment Forum and held talks on policy, regulatory and infrastructure needs for the mineral sector.<\/p>\n

Why does mineral processing matter for Pakistan?<\/h4>\n

Processing adds value before minerals are exported. Refined or semi refined products usually earn more than raw ore or concentrate. It can also create skilled jobs, build industrial capacity and keep more of the economic benefit inside the country, especially for Balochistan.<\/p>\n

How is this linked to the Reko Diq project?<\/h4>\n

Reko Diq is the large copper and gold project in Balochistan operated by Barrick. The prime minister said its success would set a benchmark for future mineral investment. Processing industries in Karachi and Gwadar could eventually handle part of the material that the mine produces.<\/p>\n

What risks could slow this plan?<\/h4>\n

Security in Balochistan, infrastructure gaps and regulatory clarity are the main concerns. Railway upgrades, power supply and water availability also matter for processing plants. Investors usually wait for stable policy and secure conditions before committing large sums.<\/p>\n

When could any processing facility be built?<\/h4>\n

No timeline has been given. The Reko Diq project is expected to begin production by the end of 2028, so any processing plan would likely be discussed around that schedule. Official announcements will be needed before any date can be confirmed.<\/p>\n","protected":false},"excerpt":{"rendered":"

A delegation from Barrick Mining Corporation expressed strong interest in investing in mineral processing industries in Karachi and Gwadar. The interest was voiced during a meeting with Prime Minister Shehbaz Sharif, according to an official statement. The talks also covered policy, regulatory and infrastructure frameworks for the mineral sector in Pakistan. dawn The development adds […]<\/p>\n","protected":false},"author":7,"featured_media":4969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[2707,2706,2705],"class_list":["post-4966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-mineral-sector-in-pakistan","tag-pakistan-minerals-investment-forum","tag-reko-diq-project"],"yoast_head":"\nBarrick Mining Eyes Mineral Processing in Karachi, Gwadar<\/title>\n<meta name=\"description\" content=\"Barrick Mining shows strong interest in mineral processing industries in Karachi and Gwadar after meeting Prime Minister Shehbaz Sharif.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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