ISLAMABAD (PEN) : Pakistan International Bulk Terminal Limited (PIBT) announced on Friday that Reko Diq Mining Company (Private) Limited has selected its port facility as the preferred location for handling cargo concentrate during the initial phase of the Reko Diq mining project.
In a notice to the Pakistan Stock Exchange (PSX), PIBT shared the exciting news in compliance with the PSX Rule Book and the Securities Act of 2015. The announcement confirmed that Reko Diq Mining Company had approached PIBT to utilize its terminal and infrastructure for this important phase of the project, pending the finalization of agreements and necessary regulatory approvals.
The notice from PIBT stated: “Reko Diq Mining Company (Private) Limited (‘Reko Diq’) has identified and approached PIBT as the preferred port to enable it to utilize PIBT’s terminal and infrastructure for the handling of its cargo concentrate for the initial phase of the Reko Diq project, subject to the execution of definitive agreements and regulatory and other necessary approvals from the relevant authorities, including the Port Qasim Authority.”
This partnership marks a significant step forward for both companies, with PIBT’s established infrastructure providing the necessary facilities for handling and transporting the mining concentrate. The collaboration, however, remains contingent on the completion of final agreements and clearance from relevant regulatory bodies, including the Port Qasim Authority.
Once all approvals are secured, the partnership is expected to play a key role in advancing the Reko Diq project, which holds considerable potential for Pakistan’s mining and resource sectors. This development underscores the growing importance of strategic collaborations in the country’s economic and industrial growth.
