News Desk
Karachi – Reko Diq Mining Company (RDMC), a subsidiary of Barrick Mining Corporation, has taken a significant step towards fostering local economic growth by hosting the Pakistan Supplier Road Show in Karachi. The event drew over 200 companies, including small and medium enterprises from Balochistan and national-level firms, showcasing RDMC’s commitment to building a robust and inclusive supply chain for the Reko Diq project, one of the world’s largest undeveloped copper-gold mines.
Key Highlights:
– Local Economic Development: RDMC aims to promote economic growth by partnering with capable local vendors and suppliers who meet international technical, safety, and ethical standards.
– Project Overview: Participants received insights into the Reko Diq project, operational values, procurement strategy, tax regime, community development initiatives, and hiring policies.
– Partnership Opportunities: The roadshow provided a platform for potential partners to explore registration processes and understand RDMC’s expectations for becoming qualified suppliers.
– Commitment to Transparency: RDMC’s approach emphasizes transparency, stakeholder engagement, and long-term partnership with Pakistani businesses.
Reko Diq Project Details:
– Location: Chagai district of Balochistan, Pakistan
– Ownership: 50% Barrick, 25% federal state-owned enterprises, 25% Government of Balochistan
– Expected Life: At least 37 years as a truck-and-shovel open pit operation
– Investment: Significant job creation and investment in local and regional development projects
Quotes:
“This event is part of our commitment to local economic development. Reko Diq will become the largest copper and gold mining operation in Pakistan, and we intend to do business with capable local vendors and suppliers,” said Martin Heunes, Head of Supply Chain at RDMC.
