KARACHI: Pakistan International Bulk Terminal Ltd (PIBTL) on Monday signed an agreement with Reko Diq Mining Company (RDMC) for the handling and export of its copper-gold concentrates.

The signing follows PIBT’s execution of a Supplemental Implementation Agree­ment with the Port Qasim Authority (PQA), enabling PIBT to handle, store, and export copper-gold commodities, including minerals, metals, and other natural earth resources, said a press release.

PIBT will serve as the primary logistics and export gateway for Reko Diq’s mineral output, reinforcing Pakistan’s position as a regional mineral hub. The project is scheduled to commence operations from 2028 onwards.

PIBT CEO Sharique Azim Siddiqui said this agreement would enable exports from one of the world’s most significant mining projects and serving as a cornerstone for national economic growth.

Barrick Mining Corporation’s Group COO and Interim President and CEO Mark Hill said the agreement with PIBT marks another step forward in ensuring that Reko Diq delivers lasting value to all our stakeholders but particularly the people of Balochistan and Pakistan.

Published in Dawn, December 16th, 2025