Oil and Gas Development Company Limited (OGDC) has assured that the ongoing restructuring at Barrick Gold will not affect the Reko Diq project. The company said the large copper and gold project remains on track and all partners are committed to its timelines. The statement came after reports about changes within Barrick Gold’s global structure raised concerns among stakeholders.
In its clarification, OGDC stated that “Barrick Gold Restructuring Won’t Impact Reko Diq, OGDC Says” reflects the company’s official position. It noted that Barrick Gold has continued to share updates with Pakistani partners and has confirmed that operational plans for Reko Diq remain unchanged.
OGDC added that Barrick Gold’s internal adjustments are part of a broader business strategy and do not affect joint venture agreements. It said the project’s legal, financial, and operational frameworks remain secure. According to OGDC, all partners are working toward meeting development milestones as scheduled.
The Reko Diq project is one of the largest planned mining operations in the region. It is expected to bring significant foreign investment and support local economic activity. Officials say early-phase work is progressing, including groundwork, planning, and technical assessments.
Industry observers note that large mining companies often restructure to improve efficiency. They stress that such moves usually do not disrupt long-term projects. OGDC echoed this view and urged stakeholders not to interpret corporate changes as a sign of uncertainty.
The company also reaffirmed its commitment to transparency. It said regular communication will continue to ensure that the public, investors, and government bodies remain informed about project progress.
The repeated assurance that “Barrick Gold Restructuring Won’t Impact Reko Diq, OGDC Says” is meant to address speculation and maintain confidence in the project. OGDC emphasized that cooperation with Barrick Gold remains strong and future activities will proceed as planned.
The statement provides clarity at a time when global market shifts often raise questions about large-scale mineral projects. For now, officials say Reko Diq’s development strategy remains steady, and partners will continue working together to deliver the next phases.
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