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Capital suggestion: Reko Diq’s rescue

How could a government – any government in the world – turn a hundred billion-dollar asset into an eleven billion-dollar liability? In 1993, BHP Billiton, an Australian mining company, engaged…

Reko Diq

In the early 1990s, Pakistan’s biggest gold and copper reserve was discovered at Reko Diq in Chaghai District of Balochistan. Two international world-class mining companies - Barrick Gold Company and…

The Reko Diq matter

Pakistan ill-fatedly lost its multi-billion dollar, regarding probably the world’s largest copper-gold deposit, case in the International Centre for Settlement of Investment Disputes (ICSID) in 2019 against Australia-based company, Tethyan…

The Reko Diq Timeline

The Reko Diq timeline

On July 12, an arbitration tribunal of the World Bank’s International Centre for Settlement of Investment Disputes (ICSID) awarded a massive $5.976bn (Rs950 billion) in damages to the Tethyan Copper…

Reko Diq copper: blessing or curse?

Bad news has been coming recently of Pakistan losing the case in International tribunal on the Reko Diq case. The penalty expected varies from 300-400 million USD to many billions…

Reko Diq Case

Reko Diq case

The arbitral tribunal of the World Bank’s International Centre for Settlement of Investment Disputes (ICSID), before which one of the international arbitration proceedings were ongoing in the Reko Diq case,…