Reported 1 day ago
The International Finance Corporation (IFC) will extend a $400 million subordinated loan to support Pakistan's Reko Diq copper-gold mine, raising its total commitment to $700 million after a previous $300 million funding announcement. The project's total estimated cost is $6.6 billion, with financing expected to come from a mix of debt and equity, involving several other lenders. The mine, located in Balochistan and being developed by Barrick Gold, is projected to begin production in 2028 and could generate up to $74 billion in free cash flow over its operational lifespan.
Source: YAHOO