World’s 5th largest gold, copper reserves found in Pakistan

by Jahanzaib

The 'Reko Dik Copper-gold project' is expected to produce 0.3 million tons of copper annually through indigenous physical and human capabilities. However, this is subject to entering into viable agreement between the mining company, federal government and Balochistan government.

The Duddar lead-zinc deposits in Balochistan being developed by Pakistan Mineral Development Corporation (PMDC) have come into production to produce 100,000 tons of zinc concentrates and 33,000 tons of lead concentrates for export.

Official reports reveal that the mineral sector is expected to grow by two per cent in the fiscal year, beginning next month with an allocation of Rs580 million earmarked by the Planning Commission in its annual plan.

The government has decided to launch three projects during the coming fiscal year which include ground follow-up of aeromagnetic anomalies in Chagai district, accelerated Geological Mapping and Geochemical exploration of the out-crop area of Pakistan, and up-gradation and strengthening of Geo-sciences Advance Research Laboratories of Geological Survey of Pakistan (GSP).

The Thar coal field containing 175 billion tons of good quality lignite, on completion, would be used for power generation and gasification.

Non-precious minerals are also to be fully utilized, such as producing gypsum plaster from native deposits to partially replace cement in the housing sector, as well as to reclaim saline soils and treat of low quality tube-well water using gypsum products.

Phosphate reserves in NWFP, evaluated by spending colossal amounts of money and tireless efforts by international organizations and national institutions, would be exploited to set up phosphatic fertilizer industries.

Dimension stones, precious and semi precious stones industries and other mineral based industries would be developed to meet the ever increasing demand of various sectors of economy.

The mineral potential of the country recognized to be excellent but the sector remains poorly developed due to the political and security situation, poor research and development, infra-structure and budgetary constraints. The contribution to GNP has therefore remained locked at 0.5 per cent to one per cent over the last several decades.

The 'Reko Dik Copper-gold project' is expected to produce 0.3 million tons of copper annually through indigenous physical and human capabilities. However, this is subject to entering into viable agreement between the mining company, federal government and Balochistan government.

The Duddar lead-zinc deposits in Balochistan being developed by Pakistan Mineral Development Corporation (PMDC) have come into production to produce 100,000 tons of zinc concentrates and 33,000 tons of lead concentrates for export.

Official reports reveal that the mineral sector is expected to grow by two per cent in the fiscal year, beginning next month with an allocation of Rs580 million earmarked by the Planning Commission in its annual plan.

The government has decided to launch three projects during the coming fiscal year which include ground follow-up of aeromagnetic anomalies in Chagai district, accelerated Geological Mapping and Geochemical exploration of the out-crop area of Pakistan, and up-gradation and strengthening of Geo-sciences Advance Research Laboratories of Geological Survey of Pakistan (GSP).

The Thar coal field containing 175 billion tons of good quality lignite, on completion, would be used for power generation and gasification.

Non-precious minerals are also to be fully utilized, such as producing gypsum plaster from native deposits to partially replace cement in the housing sector, as well as to reclaim saline soils and treat of low quality tube-well water using gypsum products.

Phosphate reserves in NWFP, evaluated by spending colossal amounts of money and tireless efforts by international organizations and national institutions, would be exploited to set up phosphatic fertilizer industries.

Dimension stones, precious and semi precious stones industries and other mineral based industries would be developed to meet the ever increasing demand of various sectors of economy.

The mineral potential of the country recognized to be excellent but the sector remains poorly developed due to the political and security situation, poor research and development, infra-structure and budgetary constraints. The contribution to GNP has therefore remained locked at 0.5 per cent to one per cent over the last several decades.

Now the question is:

Pakistan Got 5th Largest Copper Reserves and also Largest Coal Reserve. Where all the Money will go either Government Personal account. Will it effect to decrease the unemployment in Pakistan and will it help to decrease the poverty in pakistan. Time to Think really and raise your voice: Because I am sure Government can show loss in paper but orginally they are filling their bank accounts. Playing with the feelings of Nation. Do it Now or Never; It's in your hand. Show the national Responsibility and SAVE PAKISTAN.