KARACHI: The agreement for the handling and export of copper-gold concentrates from the Reko Diq project has been formally signed on Wednesday here in Karachi between Pakistan International Bulk Terminal Limited (PIBT) and Reko Diq Mining Company (RDMC).
Under this landmark agreement, PIBT has been designated as the primary export facility for Reko Diq’s minerals which will strengthen the country’s position in global commodity markets.
“This partnership reflects a long-term collaboration between PIBT and Reko Diq to enable the efficient and reliable handling and export of Pakistan’s mineral resources.
“Our port infrastructure and operational expertise are aligned with the project’s requirements, and we are committed to delivering excellence throughout this partnership,” said Sharique Azim Siddiqui, CEO of PIBT, on the occasion.
He added that they appreciate the role their partners and supporting stakeholders in making this collaboration possible since Reko Diq is a strategic project for Pakistan’s economy, with the potential to generate multi-billion-dollar exports over its life.
PIBT, located at Port Qasim, is Pakistan’s dedicated, fully mechanized multipurpose bulk handling terminal. With established bulk handling capabilities and planned upgrades to its export systems, PIBT is well-positioned to support the efficient handling and export of minerals, metals, and other natural earth commodities, while operating in line with international environmental, health, and safety guidelines and best practices.
This partnership underscores the shared commitment of both organizations to unlocking Pakistan’s mineral potential and supporting sustainable economic growth through state-of-the-art infrastructure.