Reko Dig Joint Venture selects Flour as EPCM partner

The Reko Diq Joint Venture shareholders have approved the project’s updated Feasibility Study and conditionally approved the associated Phase 1 development capital subject to the closing of up to $3B limited recourse project financing, allowing the project to advance with major works in 2025, while maintaining the target for first production by the end of 2028. At the same time, the shareholders have selected Fluor (FLR) as the lead Engineering, Procurement and Construction Management, or EPCM, partner to work alongside the Barrick Gold (GOLD) Owner’s Team in the detailed design and construction of the project.Barrick president and chief executive Mark Bristow said this important milestone reflected the support of the governments of Balochistan and Pakistan, in partnership with Barrick, to develop one of the world’s largest undeveloped copper-gold projects. The project is located in the province of Balochistan, Pakistan, and operated by Barrick, which holds a 50% interest, is a joint venture with three Pakistani State-Owned Enterprises, and the Government of Balochistan owning the remaining 25%.