The Reko Diq Mining Project is a US$ 3.3 billion capital investment project that promises to build and operate a world class copper-gold open-pit mine at Reko Diq in the northwest district Chagai of Balochistan province in Pakistan.
TCC has recently completed a bankable feasibility study report for initial mine development. With the Environmental and Social Impact Assessment (ESIA) report almost completed, negotiations with the Government of Balochistan are underway for conversion of the current exploration licence into a mining licence under the Balochistan Mineral Rules.
The initial mine development plan envisages that in the processing plant about 110,000 tons of ore per day will be processed through flotation process and a 680 km concentrate pipeline will transport the product from the mine site to the port of Gwadar to a dedicated marine terminal facility at the port for storage and transfer of to shipping vessels for supply to smelters throughout the world. In order to secure optimal economies of scale efficiencies, lower mining and processing unit costs, a large scale mining and processing project is required.
The proposed processing plant will produce approximately 600,000 tons of copper concentrate a year, which will contain 28-31% copper and 7-22 g/ton gold which translates to about 200,000 tons copper and 250,000 ounces of gold per year. The commercial mining operations are anticipated to last for over 56 years with an estimated annual operating expense of about US$ 400 million of which 45%-50% will be spent nationally.
TCC is committed to the development of a mining initiative that has the potential to cause the transformation of Balochistan’s dormant mineral resources into profitable mineral reserves. The project offers the scale to significantly contribute to the uplift of the local people and strengthen the economy in general by generating long term revenues in the form of royalties, taxes, profit-sharing and employment opportunities. The project stakeholders including the Government of Balochistan and the Government of Pakistan shall be able to add significantly to their provincial and federal treasuries in order to undertake wider development projects in the best interest of the general masses. As soon as the TCC Reko Diq project goes into development, it will become a beacon for further investment into exploration and mining sectors in Balochistan and Pakistan in general.
http://www.tethyan.com/TheRekoDiqProject.aspx
No comments:
Post a Comment