Pakistan copper mining gets boost as Ivanhoe Atlantic signs deal
The non-binding agreement with Mari Minerals opens early-stage exploration for Pakistan copper mining in Balochistan, though financial terms remain undisclosed.
Ivanhoe Atlantic signed a non-binding agreement with Mari Minerals, which belongs to the listed group Mari Energies, to explore in Balochistan.
Under the proposed joint venture, Ivanhoe Atlantic would act as operator for early-stage exploration across several mineral licences.
Robert Friedland said the partnerships would be equal, but did not confirm a 50-50 ownership split.
Financial terms, a timetable and final agreements are still pending, along with corporate and regulatory approvals.
Reko Diq in Balochistan is a major copper and gold project developed by a joint venture that includes Barrick Mining.