Chinese firm running Saindak project says it paid $39.8m to Balochistan govt

Published June 14, 2013
MRDL is a Chinese company engaged in exploiting Lead and Zinc in Dudar in Lasbela District. — File Photo
MRDL is a Chinese company engaged in exploiting Lead and Zinc in Dudar in Lasbela District. — File Photo

QUETTA, June 13: The MCC Resources Development Limited (MRDL) working on the Saindak Cooper and Gold mining project said on Thursday it had paid $39.8m to the Balochistan government on account of royalty over the past 10 years from the Saindak project.

A spokesman for the MRDL owned by the Chinese government, said the company had provided Rs10 million for restarting the Saindak project and Rs15 million as the working capital.

He criticised what he called propaganda campaign launched in certain newspapers against the company and claimed the company had also paid $220m profit to the federal government and $6m as rent.

“The company had also paid $13.4m as presumptive tax and $6m development surcharge between periods of 2002 to 2012,” the spokesman said.

He said the company had been providing direct employment at the site and around 1600 local people were involved in mining and running the plant. The spokesman further said the company was also spending Rs206.9m to upgrade schools and health services, provide scholarships to needy and bright local students and drinking water and other amenities to villages around the Saindak project.—Staff Correspondent

Opinion

Merging for what?

Merging for what?

The concern is that if the government is thinking of cutting costs through the merger, we might even lose the functionality levels we currently have.

Editorial

Dubai properties
Updated 16 May, 2024

Dubai properties

It is hoped that any investigation that is conducted will be fair and that no wrongdoing will be excused.
In good faith
16 May, 2024

In good faith

THE ‘P’ in PTI might as well stand for perplexing. After a constant yo-yoing around holding talks, the PTI has...
CTDs’ shortcomings
16 May, 2024

CTDs’ shortcomings

WHILE threats from terrorist groups need to be countered on the battlefield through military means, long-term ...
Reserved seats
Updated 15 May, 2024

Reserved seats

The ECP's decisions and actions clearly need to be reviewed in light of the country’s laws.
Secretive state
15 May, 2024

Secretive state

THERE is a fresh push by the state to stamp out all criticism by using the alibi of protecting national interests....
Plague of rape
15 May, 2024

Plague of rape

FLAWED narratives about women — from being weak and vulnerable to provocative and culpable — have led to...