World’s Largest Gold Mines in Pakistan‏

Pakistan has the Largest Gold and Copper Mines.

But we need to utilize them to fulfill the Basic needs of Pakistan. We don’t need money from any Country; we just need to work hard...

Reko Diq Gold Mine in Pakistan.

Reko Diq mine in Balochistan

Reko Diq gold mine reserves had already made a number of news in the national media, the issue is a point to ponder for the struggling nations integrity, where gold mines in Balcohistan of worth $260 billion are sold for just couple of millions. The dark part of story is so complex and its all so jumbled up that for a common man it’s hard nut to crack. Few weeks back Supreme Court of Pakistan has taken action and commission has been established under the supervision of Chief Justice Iftikhar Muhammad Chaudhry who ordered Dr. Samar Mubarik to look into the matter and give a brief report about whole situation.

Stone from Reko Gold Mine

It all started in November 2010, when dozens of corporate officials of two largest gold mining group of the world were visiting President Asif Zardari and Yousaf Raza Gillani secretly, away from the radar of national and international media, where they persuaded our corrupt politician to sold these billion dollar worth mines in just peanuts price and when investigators try to solve the mystery, they found everything is so  mixed up, documentation is filled with incomplete details, prices are not set with international standards.

The actual amount of gold and copper reserves was never made public to officials of Pakistani government. Even until July this year, when a top level delegation of the Canadian company led by Aaron Regent met Prime Minister Gilani in Islamabad, the PM was told that development of this mega project shall generate a revenue of only about $3.5 billion for Government of Pakistan and $4.5 billion for Government of Balochistan over 40 years.
But the Canadian company has to report the real value to its own Canadian government agencies every year and on December 31, 2008 it informed these agencies, and its shareholders, that its 37.5 per cent share in Reko Diq would yield 17 million ounces of gold and 20 billion pounds of copper in measured, indicated and inferred resources. And these deposits have to be mined in 25 years, not as PM of Pakistan was told in 40 years. At current prices of these two minerals, the total asset of the Canadian, Chilean and Pakistan government would be over $260 billion and according to former Finance Minister Shaukat Tarin, as the prices of gold and copper go up, the total yield could be even $500 billion or may be a trillion.

The depth of whole story is, it’s the Pakistani nation who should decide about their country`s treasure and funds not bunch of corrupt politician, who have ruined already enough of country`s prestige and integrity in international level. Whenever the mining issues has been granted to the international agencies, national interest should be given priority instead of personal benefits, the leasing agency should give maximum extraction to the host country. In case of Reko Diq gold mine reserves, Pakistan should hold 70-75% of extraction, so that it can help the country to raise up itself and strengthen the national economy.