Friday, November 13, 2026
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Contract with foreign company for exploration of gold and copper deposits in Chagai

Ayesha NooraniSpecial Correspondent for Arts & Culture • Islamabad / Lahore Bureau
Contract with foreign company for exploration of gold and copper deposits in Chagai

📌 Key Highlights & Quick Takeaways:

  • On the occasion of Pakistan Minerals Investment Forum, an agreement was reached between Ivan Ho Mines and Mari Minerals to explore for coppe.
  • Federal Minister of Petroleum Ali Parvez Malik attended the signing ceremony of the agreement between Ivanhoe Mines and Mari Minerals and he.
  • Under the agreement, the two companies will explore for copper and gold deposits and assess the potential of mineral resources in Chagai.

On the occasion of Pakistan Minerals Investment Forum, an agreement was reached between Ivan Ho Mines and Mari Minerals to explore for copper and gold deposits in Chagai district of Balochistan and the agreement was signed.

Federal Minister of Petroleum Ali Parvez Malik attended the signing ceremony of the agreement between Ivanhoe Mines and Mari Minerals and held important meetings with the heads of global mining and investment companies and on the same occasion, an agreement was reached between Ivanhoe Mines and Mari Minerals to explore for copper and gold deposits in Chagai district of Balochistan.

Under the agreement, the two companies will explore for copper and gold deposits and assess the potential of mineral resources in Chagai.

The Federal Minister of Petroleum was also met by Chairman of Barrick Corporation John Thornton and the senior leadership of the company and speaking on the occasion, Chairman of Barrick Corporation John Thornton said that it is always a pleasure to visit Pakistan and it is a reflection of the company's continuous ties with Pakistan.

In a meeting with the Federal Minister of Petroleum, Andrew Nelson, chief executive of British mining and engineering company Weir, said that Weir is keen to increase its involvement in Rekodic as well as other mineral projects in Pakistan.

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Ayesha Noorani

News Desk

Verified editorial report by The Urdu Post newsroom, compliant with journalistic ethics and verification standards.