PROJECT

Projects

Environmental & Social Review Summary

Project Number

46824

Company Name

Reko Diq Mining Company (Pvt) Ltd

Date ESRS Disclosed

Apr 9, 2025

Country

Pakistan

Region

Middle East

Last Updated Date

Apr 25, 2026

Environmental Category

A - Significant

Status

Hold

Previous Events

Approved : Jun 12, 2025

Sector

Copper

Industry

Metals and Mining

Department

Infra-WBG Dir. Minerals & Metals

Project Description

 The Reko Diq project (the “Project”) entails developing a greenfield open-pit mining operation with processing facilities to produce a high-quality copper-gold concentrate. The project will produce 200-250 thousand tons of copper per year. Reko Diq is one of the world's largest undeveloped copper and gold deposits, located in the Chagai district of the Balochistan province of Pakistan. 

The Project is 100% owned and is being developed by Reko Diq Mining Company (Private) Limited (the “Company” or “RDMC”), which is incorporated in Pakistan. RDMC is indirectly majority owned (50%) by Barrick Gold Corporation (Barrick or the “Sponsor”), a Canadian mining company listed on both the Canadian and New York Stock Exchanges, operating mines and projects in 18 countries with a history of developing large-scale assets. The Government of Balochistan (GoB) directly and indirectly owns 25% of the Company shares, with the remaining 25% being indirectly held by three Pakistani State-Owned Enterprises (SOEs): Oil and Gas Development Company Limited (“OGDCL”), Government Holdings (Private) Limited (“GHPL”), and Pakistan Petroleum Limited (“PPL”). 

The Reko Diq mine development includes two open pits, a processing plant, several low-grade ore stockpiles, two waste rock dumps (WRD), a tailings storage facility (TSF), a heavy fuel oil (HFO) power plant, and photovoltaic (PV) solar array, and other auxiliary infrastructure. The Project will be developed on land purchased or leased from the Government of Balochistan and does not require private land acquisition. The scope of the Project does not include the smelting and refining processes that commercial off-takers will undertake outside of Pakistan.  

Raw water will be supplied to the mine site from a borefield that will abstract water from a saline groundwater aquifer located northwest of the proposed mine site, along the Pakistan-Afghanistan border. Water supply pipelines will be installed to transport water from the borefield to the process plant and accommodation facility.  

Diesel generators will provide electrical power during the construction phases until the HFO and solar power stations are established. Fuel will be transported by rail to the mine from Port Qasim, located 50 km from Karachi, approximately 1400km from the mine. An overhead power transmission line (OHTL) will supply power from the mine site to the bore field. RDMC has a longer-term plan to connect to the national grid, notionally from the 15th year of operation (i.e., in 2042).  

The Project will utilize existing transportation networks (road and rail), that will require upgrades and some newly constructed sections, including a spur from the mine to the main railway line. During operations, the produced concentrate will be transported from the mine to Port Qasim using existing port facilities at the Pakistan International Bulk Terminal (PIBT). An area will be leased to RDMC for the construction and operation of facilities for the storage of concentrate, and all other activities will be ancillary and operated by PIBT. The existing facilities designated for concentrate loading include a berth, mechanical equipment such as a traveling ship loader, two gantry cranes, and two conveyor belts. No additional port infrastructure will be required for the Project. 

 The sponsors contemplate a possible expansion of the Project to increase production to 400 thousand tons of copper per year, which include also the capacity increase of the related infrastructure (water, power, TSF). The expansion is included in the Environmental and Social Impact Assessment (ESIA), which is available for consultation at https://www.barrick.com/English/operations/reko-diq/environment/default.aspx

IFC is part of a pool of international lenders that will provide the debt financing to fund the total project cost of $6.6 billion. The proposed IFC financing includes an A Loan for up to $300 million to RDMC.                                                    

Overview of IFC's Scope of Review

 IFC's appraisal of the Project took place from June 2024 to April 2025 and was supported by an Independent Environmental and Social Consultant (“Independent Environmental and Social Consultant” or the “IESC”) to the Project Lenders. The appraisal included i) a desktop review of available information, including the Project’s ESIA, technical reports; ii) virtual and face to face meetings with the Project team including technical and Environmental and Social (E&S) staff; a 3 days workshop with the Company; and iii) a 4 days site visit that included the Project mine site, the port facilities and the respective areas of influence, as well as? meetings with different stakeholders including the Sponsor and the residents of Humai Village, the closest community to the Reko Diq mine (approximately 25 km east of the mine).                                                

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Broad Community Support

Environmental & Social Action Plan

Client Documentation

File Name Actions
Appendix-G-Chance-Find-Procedure.pdf
Appendix-A-Applicable-Standards-and-Guidelines.pdf
Appendix-B-Socioeconomic-Assessment.pdf
Appendix-C-Indigenous-Peoples-Assessment.pdf
Appendix-D-Noise-Assessment.pdf
Appendix-E-Traffic-Study.pdf
Appendix-F-Cultural-Heritage-Assessment.pdf
Appendix-H-Biodiversity-Flora.pdf
Appendix-I-Biodiversity-Fauna-Assessment.pdf
Appendix-J-Critical-Habitat-Assessment.pdf
Appendix-K-Surface-Water-Assessment.pdf
Appendix-L-Hydrocensus-Report.pdf
Appendix-M-Hydrogeology-Factual-Interpretive-Report-Water-Supply.pdf
Appendix-N-Groundwater-Conceptualisation-Report-Water-Supply.pdf
Appendix-O-Groundwater-Modelling-Report-Water-Supply.pdf
Appendix-P-Mine-Site-Hydrogeological-Assessment.pdf
Appendix-Q-Air-Quality-Assessment.pdf
Appendix-R-Soils-Sediments-Assessment.pdf
Appendix-S-Geochemistry-Report.pdf
Appendix-T-Climate-Change-Risk-Assessment.pdf
Appendix-U-Cumulative-Impact-Assessment.pdf
Appendix-V-Stakeholder-Engagement-Report.pdf
Appendix-W-Closure-Plan.pdf
Appendix-X-Remote-Sensing-Report.pdf
Appendix-Y-Draft-Management-Plans-and-Procedures.pdf
Reko_Diq_ESIA.pdf
Reko_Diq_ESIA_Executive_Summary.pdf