US Exim, global banks line up as company vows to complete 1st phase in 3 years

Pakistan has already chalked out a $1.9 billion funding plan to execute the Reko Diq copper and gold mining project. Total project funding has been estimated at $4.297 billion. Photo: File

Petroleum Minister Ali Pervaiz Malik said on Thursday that the Reko Diq Mining Company was very near to achieve financial close with $3.5 billion loans lined up, as the company's local executive vowed to complete the $7 billion first phase of the project in the next three years.

The Reko Diq Mining Company is very close to achieving the financial close and raising $3.5 billion in debt, said Malik while spea

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