Arab News, November 25 report, the U.S. and Pakistan have established a joint venture to jointly develop Pakistan's key mineral resources. Pakistan has rich gold, copper, lithium and other mineral resources, but mining contributes only 3.2% to Pakistan's GDP, and accounts for only 0.1% of Pakistan's global exports. In recent years, Pakistan has actively attracted foreign investment in the key minerals industry. Recently, the private Pakistani company "Himalayan Earth Exploration" (HEE) and the U.S. listed company "Nova Minerals Limited" have formed a joint venture to jointly develop Pakistan's key minerals and rare earth resources. It is reported that the U.S. side has committed an initial investment of $100 million in the joint venture, and as the project moves from exploration to the stages of mining and processing, additional investments will be made in phases. Khurram Schehzad, advisor to the Minister of Finance, revealed that this cooperation will cover the entire chain of mineral exploration, mining, processing, and trade, and prioritize processing key minerals within Pakistan to enhance value-added, help create jobs in Pakistan, and promote technology exchange. This joint venture is also expected to boost Pakistan's high-value exports and related industries. Currently, the U.S. and Pakistan are jointly advancing the development of Pakistan's mineral resources. The Frontier Works Organization (FWO), operated by the Pakistani military, has already signed a mineral export agreement with the U.S. Strategic Metals Company (USSM) in September.
Original: www.toutiao.com/article/1849960101144586/
Statement: This article represents the views of the author himself.