Barrick Gold to restart Reko Diq project ending dispute with Pakistan

Barrick Gold has ended a long-standing dispute with Pakistan and restart gold and copper mining project at Reko Diq.

In an out-of-court deal, an $11 billion penalty slapped against Pakistan by a World Bank arbitration court will be waived-off and Barrick Gold and partners would invest $10 billion in the project.

The Reko Diq project was suspended in 2011 after Pakistan cancelled licence of Barrick Gold.