What is found in Reko Diq?

What is found in Reko Diq?

Located in the Chaghi District of Balochistan in Pakistan, Reko Diq is a large copper and gold deposit containing 12.3 million tons of copper and 20.9 million ounces of gold in inferred and indicated resources.

Which area has the biggest deposits of copper?

Copper reserves in Chile Chile has the world’s largest copper reserves of any country by far, with 200 million metric tons as of 2020.

Where are gold reserves found in Pakistan?

The Reko Diq mine is located near Reko Diq town in Chagai District, Baluchistan, Pakistan. It is one of the largest copper and gold mines in the world located in the south west part of Pakistan in Balochistan province.

Which mines are world’s 5th largest gold reserves of Pakistan?

Reko Diq is famous for its vast gold and copper reserves and is believed to have the world’s fifth largest gold deposits in Chagai.

Which part of Pakistan are rich in minerals?

Balochistan has the most mineral deposits among the provinces of Pakistan, with Sindh rich in coal deposit and Khyber Pakhtoonkhwa rich in gems.

What is Reko Diq case Pakistan?

Islamic Republic of Pakistan” case is an ongoing legal case between the Government of Pakistan and the Tethyan Copper Company (TCC) over breach of the Australia–Pakistan Bilateral Investment Treaty (BIT) and illegal denial of mining rights to TCC at the Reko Diq Mine in Chagai District, Balochistan.

Where are the worlds copper reserves?

World reserves of copper, by country, 2019 (p) Chile had the largest share, with 23%, followed by Australia (10%), Peru (10%), Russia (7%), Mexico (6%), the United States (6%), Indonesia (3%) and China (3%).

Where is Diamond found in Pakistan?

Possibilities of Diamond occurrence also exists in the south-eastern part of Pakistan. The world famous Koh-i Noor Diamond was extracted from a volcanic dike at Golkunda near Hyderabad, India. There was a widespread volcanic activity at the end of Cretaceous/early Palaeocene time which formed the Deccan Plateau.

Where is antimony found in Pakistan?

Antimony ore deposits have been found at various localities in Pakistan. However, significant reserves occur near Qilla Viala and Haji Sardar areas in Qilla Abdullah district of Balochistan.

Which Pakistan city produces bauxite?

Mine Overview The Bauxite-Pakistan Aluminum Mine is in Baluchistan, Pakistan. The ore mined is composed of bauxite. The host rock in this area is limestone.

Which is the largest industry in Pakistan?

Cotton textile production and apparel manufacturing are Pakistan’s largest industries, accounting for about 65% of the merchandise exports and almost 40% of the employed labour force.

What is Reko Diq award?

In July 2019, the tribunal slapped a $5.97 billion award against Pakistan for denying the mining lease to the company. The fine, including the damages award and interest, is equal to about two per cent of Pakistan’s GDP. Immediately thereafter, the TCC had commenced proceedings for enforcement of the award.

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