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Pakistan to pay $9 billion in Reko-Diq references if Balochistan-Barrick Gold deal is not completed by April 15

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Pakistan to pay $9 billion in Reko-Diq references if Balochistan-Barrick Gold deal is not completed by April 15

Barrack Gold’s lawyers told the Supreme Court on Tuesday that the $9 billion fine against the country would be lifted if the company’s deal with the Pakistani government was completed by Dec. 15.

More than US$4 billion will be invested in the Reko-Diq project.

A larger bench of his three judges heard the president’s mention of his Reko-Diq deal.

He said the company wanted the court’s opinion to avoid legal complications like previous agreements on the project.

Pakistan announced an out-of-court settlement with Barrick Gold in March. Antofagasta has agreed to leave the project if Pakistan pays him his $900 million.

He stressed that the $4.297 billion Reko-Diq deal is the largest single investment in Pakistan’s history.

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