Barrick reaches restart agreement at Reko Diq

NYSE and TSX-listed Barrick Gold has flagged the possible restart of its Reko Diq copper/gold project, in Pakistan, after reaching a framework agreement with the Pakistan and Balochistan governments.

Operations at Reko Diq were suspended in 2011 due to a dispute over the legality of its licensing process, and the project is estimated to host one of the world’s largest undeveloped open pit copper-gold porphyry deposits.