Nikkei Asia, November 3 report, Japan is actively laying out the large copper-gold mine project in Rekodick, Pakistan, aiming to ensure supply chain security by developing key minerals in Pakistan. In October, Pakistan's Finance Minister Muhammad Aurangzeb met with Nobumitsu Hayashi, President of the Japan Bank for International Cooperation (JBIC) in the US. In the joint statement from the meeting, Aurangzeb welcomed JBIC's investment in the Rekodick copper-gold mine project and stated that this would strengthen Japan's economic presence in Pakistan. The Rekodick copper-gold mine is located in Balochistan province, Pakistan, and is expected to become the fifth largest copper mine in the world. After the project starts mining in 2028, it will be implemented in two phases, each processing 45 million tons of ore per year and producing 800,000 tons of copper concentrate (with a copper content of 26%-30%), with a mining cycle of 38 years. According to an anonymous source, JBIC plans to invest $300 million in the Rekodick copper-gold mine project. JBIC is not the only Japanese company interested in the project. Komatsu has signed a $440 million agreement to provide heavy equipment for the project. It is reported that Komatsu will set up a branch office in Karachi and bring in overseas experts. In addition, the Asian Development Bank also pledged to provide a $300 million loan, plus a $110 million credit guarantee in August. Industry insiders said that compared to other copper mine projects, the Rekodick copper-gold mine is closer to Japan, which helps Japan secure key mineral supplies, but the project's expansion still faces technical and equipment constraints.
Original: www.toutiao.com/article/1847903316279369/
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