Riqo Diq Case: Penalty of $11bn Off sets , Barrick Gold to invest $10billion In Gold Mines In Balochistan Pakistan

 Good News: Barrick Gold Corporation and the governments of Pakistan and Balochistan have reached agreement on a framework that provides for the reconstitution of the Reko Diq project in the country’s Balochistan province. 

The project, which was suspended in 2011 due to a dispute over the legality of its licensing process, hosts one of the world’s largest undeveloped open pit copper-gold porphyry deposits.

PM Imran Khan took his Twitter to congratulate the nation: "I congratulate the nation & ppl of Balochistan on successful agreement with Barrick Gold for development of RekoDiq mine after 10 years of legal battles & negotiations. Penalty of approx $ 11 bn is off set, $10 bn will be invested in Balochistan creating 8000 new jobs."

"RekoDiq will potentially be the largest gold & copper mine in the world. It will liberate us from crippling debt & usher in a new era of development and prosperity." He added.