Reko Diq Secures $5.5 Billion in Global Financing Commitments to Kick‑Off Major Mining Project

Reko Diq Secures $5.5 Billion in Global Financing Commitments to Kick‑Off Major Mining Project

The Reko Diq Mining Company (RDMC) has confirmed $5.5 billion in global financing commitments, marking a historic milestone for Pakistan’s mining and investment landscape. The financing, secured from top-tier international financial institutions, will help fund the company’s copper and gold mining project in Chagai District, Balochistan — one of the largest undeveloped deposits in the world.

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Structured as a 50:50 debt-equity project with an estimated total cost of $7.48 billion, the mine is slated to begin construction in December 2025 and reach commercial production by 2028. Among the leading financiers are the US Export-Import Bank, Japan Bank for International Cooperation (JBIC), and Denmark’s export credit agency, bolstering Pakistan’s credibility on the global investment stage.

A $400 million bridge loan will support railway infrastructure from Chagai to Port Qasim, enabling smooth logistics. The federal government has also committed to bearing Balochistan’s 15% equity investment, while the province retains a 10% free carried interest — ensuring inclusive benefits.

Over its 37-year lifespan, Reko Diq is projected to generate $74 billion in free cash flows, with key stakeholders already approving $715 million in preparatory costs. Full financial close is expected by October 2025, further cementing Reko Diq’s role in Pakistan’s economic revival and strategic resource development.