Barrick(US:GOLD) Wen Hua Cai Jing·2025-11-26 00:55Core Viewpoint - Barrick Mining Corp remains committed to the Reko Diq copper project in Pakistan, which is one of the largest undeveloped copper mines globally, with an investment of up to $7 billion and expected production start by the end of 2028 [1] Group 1: Project Details - The Reko Diq project is a joint venture between Barrick and the Pakistani government, highlighting its significance for both parties [1] - The project is expected to add 13 million ounces of gold reserves for Barrick in 2024 and produce 200,000 tons of copper annually in its first phase, with potential doubling after expansion [1] - Over a 37-year period, the project is anticipated to generate over $70 billion in free cash flow [1] Group 2: Challenges and Financing - Security issues in the Balochistan province pose a major challenge for the project, as the area frequently experiences attacks [1] - Upgrades to the railway infrastructure are necessary to transport copper concentrate to Karachi for overseas processing [1] - Multiple lending institutions, including the International Finance Corporation and the Asian Development Bank, are working to raise over $2.6 billion in financing for the project [1]