QUETTA, March 12: An Australian mining company will invest over $1.5 billion on a copper mining project in Rekodik area of Balochistan in Chagai district during next three years.

Provincial Governor Amirul Mulk Mengal informed the participants of the National Defence Course who called on him here on Tuesday.

He said that an agreement was signed with the Australian mining company for the exploration and exploitation of copper reserves in the area.

The production would start in next three years time and initially 40,000 tons coppers would be produced from the Rekodik copper project, while work on Saindak copper project would be restarted soon.