Tag Archives: Reko

Reko Diq reserves estimated at $1t

The National Assembly standing committee on Petroleum was informed on Monday that the total value of Reko Diq gold and copper deposits according to estimates, $1 trillion and production could be undertaken

Why were rules relaxed in Reko Diq lease, asks CJP

ISLAMABAD – Chief Justice of Pakistan (CJP) Justice Iftikhar Muhammad Chaudhry on Thursday observed that there was no need to make new rules to facilitate the companies involved in the Reko Diq project when rules of mining and exploration were already in place.
The CJP said this while heading a three-member bench, which also includes Justice Muhammad Sair Ali and Justice Ghulam Rabbani, which was hearing the case against the lease of Reko Diq gold and copper reserves to Tethyan

Waziristan copper reserves larger than Reko Diq’s

ISLAMABAD – The National Assembly Standing Committee on States and Frontier Regions (SAFRON) Wednesday called for concrete measures to tap the minerals reserves and establish industries in the tribal areas to provide jobs to the local people.
Earlier, the officials of the FATA Development Authority (FDA) told the committee that the copper reserves larger than that of Reko Diq were available in North Waziristan, but exploration was not possible owing to the security reasons.

SC asks for record of approval of Reko Diq project

ISLAMABAD – The Supreme Court (SC) on Monday ordered the Balochistan advocate general to submit by today (Tuesday) complete records of approvals and relaxations in rules given by the former chief minister of Balochistan for the Reko Diq project.
A three-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Muhammad Sair Ali and Justice Ghulam Rabbani was hearing a case against leasing of Reko Diq gold and copper mines in Balochistan worth over $260 billion to

‘TCC paying 25% of Reko Diq profit to Balochistan’

ISLAMABAD – The Supreme Court was informed on Wednesday that the Tethyan Copper Company (TCC) would pay 25 percent of its profit from the Reko Diq project to the Balochistan government.
A three-member bench of Chief Justice Iftikhar Muhammad Chaudhry, Justice Muhammad Sair Ali and Justice Ghulam Rabbani was hearing a number of petitions against the lease of Reko Diq gold and copper mines in Balochistan to a foreign exploration and mining company, Tethyan Copper Company (TCC) by

Reko Diq case – Country sovereign and capable of foiling foreign conspiracies: CJP

ISLAMABAD – Heading a four-member Supreme Court bench on Wednesday, Chief Justice of Pakistan (CJP) Iftikhar Muhammad Chaudhry observed that Pakistan was a sovereign state with a potential to foil any foreign conspiracy.
“Until the time we maintain our sovereignty, no conspiracy can be hatched against the integrity of the country,” he said. The bench, also consisting of Justice Muhammad Sair Ali, Justice Ghulam Rabbani and Justice Khalilur Rehman Ramday, was hearing a number of

SC prohibits Reko Diq mining lease until verdict

ISLAMABAD – The Supreme Court on Thursday restrained the Balochistan government from awarding the mining contract of Reko Diq reserves to any national or foreign company until a final decision of the case.
A four-member bench of Chief Justice Iftikhar Muhammad Chaudhry, Justice Muhammad Sair Ali, Justice Ghulam Rabbani and Justice Khalilur Rehman Ramday was hearing petitions against the leasing of Reko Diq gold and copper reserves in Balochistan that are worth over $260 billion

Caretakers signed Reko Diq deal: SC

ISLAMABAD – While hearing the Reko Diq lease case on Tuesday, Justice Khalilur Rehman Ramday observed that the deal was signed under a caretaker government and appeared to have been finalised in a day.
A four-member SC bench of Chief Justice Iftikhar Muhammad Chaudhry, Justice Muhammad Sair Ali, Justice Ghulam Rabbani and Justice Khalilur Rehman Ramday was hearing petitions challenging award of Reko Diq lease contract to Tethyan Copper Company (TCC) – a Canadian consortium of

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