Barrick Mining slows development at Reko Diq in Pakistan amid security concerns

NodeGuardian · 2026-04-07T05:10:07+00:00

Barrick Mining Corp. is pausing development of its Reko Diq project in Pakistan due to rising security concerns, with delays expected until mid-2027, potentially increasing the project's estimated capital costs and shifting first production to late 2028.

NodeGuardian

2026-04-07 05:10:07

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Barrick Mining Corp. is slowing down development at its Reko Diq project in Pakistan due to escalating security concerns and incidents in the region. The company previously announced a review in February and expects this pause to continue until mid-2027. This delay could lead to significant increases in the previously estimated capital budget for the project’s two phases, which were initially set between US$5.6 billion and US$6.0 billion for Phase 1 and US$3.3 billion and US$3.6 billion for Phase 2, with first production originally targeted for late 2028.

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