Local Firm Yield to Proposal for Developing Reko Diq
Islamabad: Balochistan Mineral Exploration Company (BMEC) – a joint venture between the governments of Balochistan and Pakistan and the EL199 concessionaire consisting of Reko-Diq and Tanjeel Reserves – has received an unsolicited offer from National Resources Private Limited (NRL). rice field. The development and implementation of the Tangier Reserve as a seed project was followed by the development of the extensive Reko-Dik Regional Reserve.
NRL is a domestic joint venture of Arif Habib Equity Pvt. Ltd., Mari Petroleum Company Ltd., Liberty Mills Ltd., Reliance Commodities Pvt. Ltd. (Fatima Group), Y.B. Pakistan Ltd. (Lucky Group) and South Western Mining Pvt.
The development will usher in a new era for the state’s progress, according to a BMEC statement.
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In an introductory presentation to the BMEC Board, the NRL summarized salient features of the submitted proposal.
He also asked the BMEC board to allow the NRL to conduct further exploration for the mineral, energy and water resources needed for the rapid development of the proposed project. Hafiz Abdul Basit, BMEC Board Chairman and Balochistan Development Deputy Secretary highly appreciated the initiative and told representatives of the NRL that the matter will be considered by the Transaction Advisors and will be dealt with according to law in the best interest of the State and the State. guaranteed to be Country.
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