Pakistan offers UAE investors mineral projects

Pakistan has identified five potential mineral projects for investment and development by the United Arab Emirates (UAE). The two countries will formalise their partnership through a signed deal. According to sources, the chosen mineral projects are located in Chagai, Waziristan and Gwadar.

These projects include Balochistan Mineral Resources Limited’s copper blocks EL-302 and EL-303 in Chagai, together with the Reko Diq copper and gold mining project. Reko Diq mine is believed to hold gold and copper deposits worth billions of dollars. Pakistani and foreign companies have joined forces and made a deal for its drilling.

Other mining blocks include Frontier Works Organisation’s (FWO) copper blocks EL-207 and EL-320 in Chagai, its copper blocks ML-30 and EL-101 in Waziristan and a copper smelter in Gwadar with an annual capacity of 50,000-80,000 tonnes.