Barrick Gold Corp (ABX)

[NYBob]

Pakistan military eyes key role developing giant copper and gold mine
Buried at the foot of an extinct volcano near the frontier with Iran and Afghanistan, the mine's development has long been delayed by a dispute with previous investors in the project.
Reuters|
Mar 13, 2019, 11.28 AM IST


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Buried at the foot of an extinct volcano near the frontier with Iran and Afghanistan, the mine's development has long been delayed by a dispute with previous investors in the project, Canada's Barrick Gold and Chile's Antofagasta.

The government is urgently trying to settle the dispute as a World Bank arbitration tribunal, which ruled against Pakistan in 2017, is in the next few months expected to announce how much in damages the country must pay to the foreign firms, who are claiming more than $11 billion.

The dispute relates to the withholding of a mining lease.

Islamabad is also trying to find new partners to invest in the project.

But any new investors will need the blessing of Pakistan's mi ..

Read more at:
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