Big_bud
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barrick is walking away with 50%
day light robbery by PTI -
A new agreement was signed by representatives of the federal and Balochistan governments with a delegation of Barrick Gold, led by Chief Executive Dr. Mark Bristow. As per the terms of the new agreement, the Reko Diq project would be revived and developed by Barrick Gold in partnership with Pakistani entities. The new project will be owned 50 percent by Barrick Gold and the remaining 50 percent shareholding will be owned by Pakistan, divided equally between federal government and the provincial government of Balochistan.
BR-ePaper | Mar 21, 2022 | Page Front Page 1
epaper.brecorder.com
They were previously walking away with 75%!! And weren't bringing that much investment either! You are lucky it has been that well negotiated. We were 11 billion USD out of pocket. Waived 11 Billions USD penalty. Received 10 Billion USD investment. That's 21 Billion USD benefit right there. They are responsible for exploration & extraction.