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    The Model of Pakistan 2nd biggest deposit of copper and gold The Saindak Balochistan, Pakistan. Saindak is a small village

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    The company knew exactly where the gold and copper deposits were and in what quantity, the sources add. Sometime in 2007, TCC prepared a draft agreement for starting mining operations in the Reko Diq area and started a vigorous lobbying campaign to have that agreement signed, said Ahmed Bukhsh Lehri, in a 2012 interview with the Herald.

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    ISLAMABAD: An arbitration tribunal of the World Bank has ruled in favor of Tethyan Copper Company Pvt Ltd (TCC) in a case involving the Reko Diq gold mine project in Balochistan. As a result of the ruling, Pakistan may face a penalty of $11.5 billion for not awarding the project to TCC.

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    Tethyan is a fully owned joint venture company of Barrick Gold of Canada and Antofagasta Minerals of Chile;both gold and copper mining leaders globally.

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