Barrick Mining has announced a delay in the development of the Reko Diq copper-gold project in Balochistan due to escalating security concerns in the region and the Middle East, Reuters reported.
The ongoing review of the massive project will now be extended by 12 months from July 2026. As a result, previously announced budgets and timelines may be affected.
The Reko Diq deposit is among the world’s largest undeveloped copper-gold reserves, making it a strategically significant asset for Barrick.
This decision follows preliminary findings from a review launched on February 5, which examined all aspects of the project, including capital allocation and operational risks.
The extended review period will enable Barrick to better evaluate security risks and optimize its project delivery strategy.
