Barrick Gold Reko Diq Copper and Gold Mine to Boost Local Employment

SEATTLE (Scrap Monster): Canadian Barrick Gold Corporation announced that it has launched background works on comprehensive socio-economic development in connection with development of the Reko Diq gold and copper mine in the province of Balochistan in Pakistan.

The company had already entered into partnerships with the national and provincial governments and had promised to give priority to local employment, wherever possible noted Mark Bristow, President and CEO.

ALSO READ:

Barrick Gold Foresees Reduced Gold Output in 2022

Barick Gold Declared Sale of Royalty Portfolio to Maverix Metals

Bristow held meetings with all stakeholders, including ruling and opposition political party leaders as well as tribal and community leaders. In the meeting, he committed to make investment of nearly $3 billion during the initial phase of the project, in addition to thousands of jobs generated during the development stage.

Upon completion, the project is expected to create around 4,000 long-term jobs. The company intends to provide necessary training to impart skills to locals so as to recruit them into key positions, thereby contributing to the provincial and state economies.

Also, Barrick plans to formulate a community development committee to suggest socio-economic development in the area, so as to ensure maximum benefit to the surrounding communities.