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At least nine people, including two security guards, were killed when gunmen attacked National Resources's Darigwan copper and gold project in Balochistan, Pakistan, on April 23. Barrick Mining last month said it would extend its review of the Reko Diq copper/gold project in the region in view of rising security risks.
Barrick slows Reko Diq development, pushes review to mid-2027Barrick Mining has confirmed it will slow development of the Reko Diq copper/gold project and extend an ongoing review to mid-2027, citing escalating security risks in Balochistan province and the broader Middle East. The company cautioned that the extended review and reduced pace of development could result in significant increases to the previously disclosed capital budget of $8.83-billion and affect the project timeline, with first production previously targeted for the end of 2028.
Capital maintains mining operations at Reko Diq despite project slowdownLondon-listed mining services company Capital reported record first-quarter revenue of $101.7-million and says its mining contract at Barrick's Reko Diq mine is operating as planned, with both fleets having started double shifts. Capital remains a critical contractor on site and says its operations continue to perform as expected despite Barrick's decision to slow development activity.
Reko Diq Updates
At least nine people were killed when gunmen attacked National Resources's copper and gold project in Balochistan, Pakistan, on Wednesday, local authorities said. Pakistan's National Resources,...
London-listed mining services company Capital has reported record revenue of $101.7-million for the quarter ended March 31 – a 41.6% increase year-on-year and a 9.7% increase quarter-on-quarter. In...
Barrick Mining Corpopration will slow development activity and extend its project review until mid-2027.
Gold major Barrick Mining has confirmed it will slow development of the Reko Diq copper/gold project in Pakistan and extend an ongoing review of the asset to mid-2027, citing escalating security...
Barrick Mining is extending its review of the massive Reko Diq copper-gold project in Pakistan and slowing development activity amid escalating security concerns in the South Asian country and the...
London-listed mining services company Capital achieved strong results for the year ended December 31, 2025, marking a clear transition from the challenges of the prior year, executive chairperson...
A large infrastructure investment at the Weir Alrode manufacturing facility in Gauteng has positioned the site as a global centre for the production of the company’s ENDURON Elite banana screens,...
South Africa has cemented its position as a global centre for the production of Weir’s cutting edge ENDURON® Elite banana screens. Backed by major infrastructure investment at Weir’s Alrode...
Barrick Mining Corporation is undertaking a review of all aspects of the project.
Mining has to move from the traditional environmental, social and governance (ESG) approach to an inclusive sustainability approach, argued Barrick Mining group sustainability executive Grant...
The balance sheet of New York- and Toronto-listed gold and copper mining company Barrick is in phenomenally good shape, with future capital investment programmes well-funded. Significant excess...
Toronto-headquartered Barrick Mining has delayed the closing of financing for its Reko Diq copper/gold project in Pakistan’s Balochistan province amid rising security concerns. Barrick CFO Graham...
London-listed mining services provider Capital says it delivered a strong finish to the year ended December 31, 2025, with full-year revenue having been at the upper end of revised and raised...
Reko Diq will be a multigenerational mine with a life of at least 37 years. The contemplated mine plan is based on four porphyry deposits within Barrick Gold’s land package.
Barrick Mining remains committed to its Reko Diq copper mine in Pakistan, one of the world's largest undeveloped deposits of the metal, its interim CEO said on Tuesday after reports of a possible...
The US Export-Import Bank (EXIM) will invest $100-billion to secure US and allied supply chains for critical minerals, nuclear energy and liquefied natural gas, the organisation's chair John...
The board of Canada's Barrick Mining has raised the possibility of splitting the company into two separate entities, one focused on North America and the other on Africa and Asia, four sources...
Newmont is studying a potential deal to gain control of Canadian rival Barrick Mining’s prized Nevada gold assets, people with knowledge of the matter said. Denver-based Newmont has a minority...
The president and CEO of Barrick, Dr Mark Bristow, is stepping down after elevating the New York and Toronto-listed gold and copper mining company to great heights in fewer than seven years. After...
London-listed mining services group Capital has reported that its third quarter, ended September 30, delivered its highest quarterly revenue in its operating history, supported by a steady drilling...
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