ISLAMABAD: Pakistan has assured foreign investors of its ability to secure the Reko Diq copper-gold mine project, a key part of the country’s strategy to attract foreign investment and boost mineral exports.
Balochistan Chief Minister Sarfraz Bugti made the statement after Canada’s Barrick Gold Corporation ordered a review of the project following deadly militant attacks in the region last month. Barrick Gold, which co-owns the Reko Diq mine alongside Pakistan’s federal and Balochistan governments, announced it would reassess the project after the coordinated assaults on January 30-31, 2026.
The mine, one of the world’s largest undeveloped copper and gold deposits, is expected to begin production in 2028, generating significant revenue for Pakistan. The project is projected to produce $70 billion in free cash flow and $90 billion in operating cash flow.
Bugti acknowledged concerns over security in Balochistan but emphasised that the government is committed to protecting foreign investors. “We want to assure them that we have the capacity and capability to protect our foreign investors,” he said, adding that the government remains functional and committed to ensuring the project’s security.
He also revealed that authorities are working on improving security arrangements, including establishing a dedicated protection force for mineral-bearing areas and enhancing border controls.
Despite these efforts, Bugti admitted that the attacks had affected investor confidence. “Yes, attacks do make a dent in investor confidence, but we are committed to rebuilding trust,” he said.
He rejected characterising the January attacks as a “security failure” and pointed to the quick recovery of areas affected by the violence. He also accused neighboring India of supporting insurgent groups in Balochistan, citing the 2016 arrest of Indian national Kulbhushan Jadhav, whom Pakistan claims was involved in espionage and supporting separatist movements in the region.
Bugti stressed that Balochistan’s long-term stability would depend on a balanced approach that integrates economic development with enhanced security measures.
“Economic development and security operations must go hand in hand for long-term success,” he stated. He also emphasised the importance of meritocracy and anti-corruption efforts to ensure sustainable growth in the province.
