Reko Diq mining project selects PIBT as port partner for initial phase

KARACHI: Reko Diq Mining Company (Private) Limited has selected Pakistan International Bulk Terminal Limited (PIBT) as its preferred port facility for handling cargo concentrate in the initial phase of the Reko Diq mining project.

PIBT shared this development in a notice to the Pakistan Stock Exchange (PSX) on Friday. According to the announcement, “Reko Diq has identified and approached PIBT as the preferred port to enable it to utilise PIBT’s terminal and its infrastructure for the handling of its cargo concentrate for the initial phase of the Reko Diq project subject to the execution of definitive agreements and regulatory and other necessary approvals from the relevant authorities including the Port Qasim Authority.”.

This collaboration will allow Reko Diq to use PIBT’s terminal infrastructure, subject to final agreements and regulatory approvals, including clearance from the Port Qasim.