Reko Diq JV Shareholders Approve Project, Select Fluor as EPCM

Core Insights - Barrick Gold Corporation has received shareholder approval for the updated Feasibility Study of the Reko Diq Joint Venture and conditional approval for Phase 1 development capital, pending up to $3 billion in limited recourse project financing, with major works expected to commence in 2025 and first production targeted by the end of 2028 [1][3][4] Project Development - The project is located in Balochistan, Pakistan, and is recognized as one of the world's largest undeveloped copper-gold projects [3][4] - Fluor Corporation has been selected as the lead Engineering, Procurement and Construction Management (EPCM) partner, collaborating with Barrick's Owner's Team for detailed design and construction [2][4] - The project aims to deliver large-scale mining operations safely and responsibly, with a focus on maximizing local content and community development [5][6] Partnerships and Expertise - Key partners for the project include Metso, Weir, and Komatsu, who will provide the majority of processing and mining equipment [5] - The engineering and supply partnerships are expected to leverage extensive global experience in delivering large copper concentrate projects in challenging environments [6]