Meetings held with top global mining and investment cos
ISLAMABAD: Federal Minister for Petroleum, Ali Pervaiz Malik on Thursday held a series of bilateral meetings with leading international mining and investment companies on the sidelines of the Pakistan Minerals Investment Forum (PMIF), highlighting Pakistan’s commitment to attracting foreign investment and expanding international partnerships in the minerals sector. During the engagements, the…
Federal Minister for Petroleum, Ali Pervaiz Malik, conducted a series of meetings with prominent international mining and investment firms during the Pakistan Minerals Investment Forum (PMIF) in Islamabad. The purpose of these bilateral discussions was to showcase Pakistan's dedication to attracting foreign investment and strengthening international collaborations within the minerals sector.
The minister engaged in separate conversations with key figures from Barrick Mining Corporation, Scottish mining company Weir, Trafigura, Türkiye's Çalik Holding, and Ivanhoe Mines, among others.
Andrew Neilson, Chief Executive of Scottish mining and engineering firm Weir, expressed Weir's enthusiasm for expanding its involvement in Pakistan's mining industry. The company is interested in pursuing additional projects beyond its current operations in RekoDiq.
Ibrahim El Gazzar, Head of Metals and Minerals at Trafigura, highlighted Trafigura's keen interest in Pakistan's Zinc-Barite project. The company is also interested in exploring opportunities within Pakistan's LPG, bonded storage, and refinery sectors.
John Thornton, Chairman of Barrick Mining Corporation, emphasized that it was always a pleasure to visit Pakistan, reflecting the company's ongoing engagement with the nation.
The minister observed a signing ceremony between mining giant Ivanhoe Mines and Mari Minerals, aimed at exploring copper and gold deposits in Chagai, Balochistan. The agreement between the two companies involves conducting exploration activities to assess the region's mineral potential and identify opportunities for the development of its copper-gold resources.
The minister welcomed the increasing interest of global companies in Pakistan's minerals sector, emphasizing that the PMIF serves as an essential platform for connecting international investors with investment opportunities, fostering partnerships, and unlocking the country's vast mineral reserves.
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