Pakistan to Rule on Antofagasta Venture Soon

- February 18th, 2011

A Chilean newspaper, citing a Pakistani diplomat, stated today that Pakistan’s high court may rule soon on a probe which is key to the development of a 3.3 billion copper and gold project owned by Antofagasta and Barrick Gold.

A Chilean newspaper, citing a Pakistani diplomat, stated today that Pakistan’s high court may rule soon on a probe which is key to the development of a 3.3 billion copper and gold project owned by Antofagasta and Barrick Gold.

The market news is quoted as saying:

The supreme court has barred the local Baluchistan government from deciding on the approval of the Reko Diq mining lease until it rules on an investigation over the awarding of the concession in the past.

Pakistan’s ambassador in Chile, Burhanul Islam, told Diario Financiero that “the court’s decision is expected in about a month, approximately.”

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