OGDCL Announces Completion of Feasibility Study for Reko Diq Project

OGDCL has announced the completion of the updated feasibility study for the RekoDiqProject. The updated feasibility study outlines a mine life of 37 years, divided into two phases. Phase 1 of the project entails an estimated capital outlay of USD 5.6 billion (exclusive of financing costs and inflation) and is expected to commence operations in 2028.

Phase 2 is planned to be funded through a mix of revenue generation from the project, additional project financing and shareholder contributions (if required). Under the updated feasibility study, Phase 1 is planned to process 45 million tonnes of mill feed annually (Mtpa) from 2028. By 2034, Phase 2 is planned to double the processing capacity to 90Mtpa. Based on existing reserves, the Reko Diq project is expected to yield production of 13.1 million tonnes of copper and 17.9 million ounces of gold over the life of the mine (100% basis)  News Link