Barrick gold corporation of canada and antofagasta of chile have a jointownership of the coppergold deposit at reko diq. The bramaderos property is centred approximately 69km westsouthwest of the provincial capital city of loja, 2km southsoutheast of the coastal city of guayaquil and 460km southsouthwest of quito. As per the lease agreement, 50% of revenues from the mine goes to mcc. One new major project came onstream in the last months of this financial year, which will continue to add to the revenue stream of the. In initial trial months, monthly production rate was 1700 tons of copper, 6000 ounces of gold and 12000 ounces of silver. Gcp made a prefeasibility report in collaboration with rcd and pointed out estimated reserves of various minerals in which. Yearly welfare initiative report can download here. Barrick gold corporation of canada and antofagasta of chile have a jointownership of the copper gold deposit at reko diq.
The american girl operation did not remove the cu from the operation only the strip. It will build up and must be removed from the solution. Separating copper from gold electroplating pyrometallurgy. Yearly educational scholarship report can download here. Smi under a financial and technical assistance agreement ftaa with the government of the republic of the philippines. The fourmonth trial operation had a monthly production rate of 1700 tonnes of copper, 6000 oz of gold, 12000 oz. Article is all over the place, with cherrypicked quotes lifted directly word for word, and cites. Pm also assured the attendees of the meeting that pakistan has formulated policies so that foreign investment companies have a working, suitable and friendly environment. The project was launched in 1975 but pakistani engineers couldnt run the project. It plays an important role in economic progress of pakistan besides meeting some of the rising copper demand of china. Copper mining last updated on 21 april 2019 commodities. Elevations on the property range from 697m to 1804m above sea level.
Bureau of mines, who provided collateral assistance to the west pakistan department of mineral development. Reko diq is a small town in chagai district, balochistan. Gdp has increased on commercial exploitation of saindak copper gold deposit. The mine was leased for a ten year period to mcc metallurgical corporation of china. Worlds largest gold and copper reserves are found in reko diq.
Chapter 6 copper production technology the last boomin technological innovation for the copper industry occurred in the first two decades of this century, whenopen pit mining, flo tation concentration,and the reverberatory smelter were adapted to porphyry copper ores. The alteration and mineralization associated with the copperbear ing stocks include many features characteristic of porphyry copper deposits. The saindak coppergold project was set up by saindak metals ltd, a company fully owned by the government of pakistan, by the end of. Use add new topic to ask a new questiondiscussion about pyrometallurgy and electrometallurgy or select a topic that interests you use add reply to replyparticipate in a topicdiscussion most frequent. The successful ipo was heavily oversubscribed and was the largest by value on the hong kong and shanghai stock exchanges in fy2010. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext.
What links here related changes upload file special pages permanent link page. The reko diq coppergold project is situated approximately 70 km west of lakes kohisultan project see figure 1. Geology and copper mineralization of the saindak quadrangle. The agreement on mining licenses between metallurgical corporation of china ltd. Copper gold saindak project employs over 2,000 pakistanis and local villages are also provided different facilitates by company. Sangihe projects nearterm, low cost production potential. The saindak copper and gold project is centred in balochistans largest and most. Covers 42,000 ha including the bawone and binebase prospects. Estimated reserves are 400 million tons out of which estimated reserves of copper are0. The saindak coppergold project was set up by saindak metals ltd, a company fully owned by the government of pakistan, by the end of 1995 at a cost of pkr. Govt moves to transfer ownership to balochistan share tweet the province asks the centre to waive its profit share as a goodwill gesture. Chinese firm to retain 50% shares of pakistans saindak gold. The saindak coppergold mines are located adjacent to saindak town district of chagai.
The discovery of copper deposits at saindak was made in the 1970s in collaboration with a chinese engineering firm. Centre refuses to hand over ownership till 2018 cites extended agreement with china as the main hurdle to the transfer by our correspondent. Using add reply allows you to attach images or pdf files and provide a more complete input. Desert star files positive prefeasibility study for the. Trial production at the saindak coppergold project started in 1995 with commitment of funding from the government of pakistan.
All structured data from the file and property namespaces is available under the creative commons cc0 license. It has a long history of planning, implementation as well as approval procedures and funding problems spread over two and half decades whereas its own life is not more than 19 years. Gdp has increased on commercial exploitation of saindak coppergold deposit. Among them, the porphyry cuau deposit is the most potential ore deposit.
However sales to the saindak copper and gold project continues to decline, due to maturing of the extraction at the current mine site. Expansion of saindak copper project newspaper dawn. Jan 06, 2017 the saindak copper gold project was started by saindak metals ltd, a corporation totally owned by the govt. Gold, copper and silver blocks, which weigh between 600 and 700 kilograms each, are routinely sent to karachi by truck. Danish majeed lecturer area coordinator mmd ned university of. The project will also result in creating 1288 direct and 11,000 indirect jobs mostly for the people of balochistan opening new avenues of businessindustry developing infrastructure and transferring. Jul 17, 2008 reko diq is a small town in chagai district, balochistan. Pakistan geological survey mineral information series 9, 21 p. Industrial advisory board members of metallurgical. The chairman of the mcc resources development company mrdl, which is executing the saindak copper gold project, has warned that the project will be closed in 2021 if the balochistan government. Request pdf safety hazards at coppergold saindak mining project mining industry is considered as one of the hazardous.
Tried to fix the article however i believe the article needs extensive reediting c. The mineral resource at reko diq is estimated at 5. Pdf mineral resources of pakistanan update researchgate. Laterite project in papua new guinea, aynak copper project in afghanistan, the duddar lead zinc project and saindak copper and gold mine in pakistan and the cape lambert iron ore project in australia. Day by day current affairs mcqs one liner october 2017. Saindak copper and gold mine balochistan pakistan youtube. Mcc and the government for the saindak copper and gold mine was extended until october 2017. The journey to saindak from quetta, the provincial capital of balochistan, is about 660 kilometres long. Such was the quantum of mining, went the grapevine. Saindak, porphyry copper deposit usgs mineral resources.
An agreement with metallurgical corporation of china has been signed for extension in the lease contract period of saindak coppergold project here at the prime minister office. Zinc project in baluchistan after a gap of about 2. Most of the saindak quadrangle is underlain by sedimentary and metasedimentary rocks ranging in age from late cretaceous. Saindak coppergold project is the first major venture of its kind in the country in the metal mining sector based on indigenous mineral resources. Saindak copper gold project, chaghi balochistan member 14. Worlds largest gold and copper reserves are found in reko. Pdf rekodiq and saindaq reserves similarities and differences. A 50 mw power plant was constructed at saindak with aid grants from germany and france. The proposed project is understood to comprise the biological leaching of open pit mined ore and the production of copper cathode from pregnant leach solution by.
Saindak copper gold project is the first major venture of its kind in the country in the metal mining sector based on indigenous mineral resources. First, it has prospective to offer the direct path to the western china, where china has set up its major economic sectors. Saindak porphyry cuau deposit, chilgaz and dashtekain pb, zn, etc, multimetallic deposit. Also as irregular distortions, in twisted, wirelike shapes. Other large gold and goldcopper deposits in the area include tampakan xstrata copper, gosowong newcrest mining, kingking st. The engineers were working on the the saindak copper gold mine project a joint venture between pakistan and. Trial production at the saindak coppergold project began in 1995 with monthly production of 1,700 tonnes cu, 6,000 oz. Balochistan mining and regional integration policy. On my visit to this beautiful place known as saindak i witnessed that the chinese firm responsible for mining, extraction and export of gold and copper, mcc, has provided free schooling, electricity and drinking water supply to the local population. The saindak project would yield for 19 years an average annual production of copper, 15810 tonnes, gold, 1. Schmidt geological investigations in pakistan geological survey professional paper 716a prepared in cooperation with the geological survey of pakistan, under the auspices. Smi is a joint venture between global giant glencore, australias indophil resources, and filipino firm tampakan group of companies. The saindak coppergold project was set up by saindak metals ltd, a company owned by pakistan, by the end of 1995, at the cost of.
In a statement, the baloch numerical minority but increasingly influential and resourceful community within sunni. An agreement with metallurgical corporation of china has been signed for extension in the lease contract period of saindak copper gold project here at the prime minister office. The plunder of saindaks cooper and gold balochistan point. Geology, alteration and mineralization of saindak porphyry. East asia minerals sangihe gold project mineral resource summary. Sangihe gold project east asia minerals corporation easv. The saindak copper gold project was set up by saindak metals ltd, a company fully owned by the government of pakistan, by the end of 1995 at a cost of pkr. In 1995, production at saindak copper and gold mine started with the funding of government of pakistan. Saindak copper gold mine is located near saindak town in chagai district of balochistan, pakistan. Article is all over the place, with cherrypicked quotes lifted directly word for word, and citessources which i dont believe are credible, external links are also dead. Oct 27, 20 despite saindak coppergold project scgp so called ownership transfer to balochistan province, ultimate beneficiary would be china and ultimate looser is the people of balochistan. Metallurgical corporation of china mcc and stateowned saindak metals ltd sml signed on october 26, 2017 an agreement under which the chinese firm will continue operating the saindak coppergold project for another five years on existing terms the two companies signed in 2002 a 10year contract, which was extended for five years in 2012.
Oct 31, 2005 saindak is the first nonferrous producing project. The saindak copper gold project was set up by saindak metals ltd, a company owned by the pakistan, by the end of 1995 at a cost of pkr. Desert star files positive prefeasibility study for the kutcho high grade copperzincsilvergold project. The saindak coppergold project was started by saindak metals ltd, a corporation totally owned by the govt. Files are available under licenses specified on their description page. The saindak copper gold project was set up by saindak metals ltd, a company fully owned by the government of pakistan, by the end of. Coppergold saindak project employs over 2,000 pakistanis and local villages are also provided different facilitates by company. The proposed copper and gold mine is being developed by sagittarius mines, inc.
Oct 14, 20 the saindak copper gold project was set up by saindak metals ltd, a company owned by pakistan, by the end of 1995, at the cost of. Trial production at the saindak copper gold project began in 1995 with monthly production of 1,700 tonnes cu, 6,000 oz. Despite saindak coppergold project scgp so called ownership transfer to balochistan province, ultimate beneficiary would be china. Tethyan copper of australia has taken the contract to develop this mine. Saindak coppergold mine is located near saindak town in chagai district of balochistan, pakistan. The total researves in saindak have been estimated at 237,024 tons of cu, average grade 0. Proceeds from the mine were to be divided between the. The saindak copper and gold mine, which is located in the chagai hills in balochistan province, remained the only producing copper and gold mine in pakistan. Brief facts about the coppergold project at saindak. Nov, 2017 metallurgical corporation of china mcc and stateowned saindak metals ltd sml signed on october 26, 2017 an agreement under which the chinese firm will continue operating the saindak copper gold project for another five years on existing terms the two companies signed in 2002 a 10year contract, which was extended for five years in 2012. Karachi local authorities in pakistan have canceled an agreement with an australian company for the exploration of copper and gold in the reko diq area in southwestern balochistan province at a time when a feasibility study for the project was near completion. Chinese firm to retain 50% shares of pakistans saindak. For china, this project has two important benefits.
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