# Barrick advances Reko Diq copper-gold project with $5.6-6B Phase 1

Barrick Gold's board conditionally approved Phase 1 of the Reko Diq copper-gold project in Pakistan, with an estimated capital cost of $5.6-$6.0 billion. Early works construction began in Q1 2025, with first production anticipated by end of 2028. The primary mining fleet will include Komatsu equipment.

- Type: Investment
- Announced: 2025-02-27
- Where: Reko Diq, Pakistan
- Value: $5.60B
- Starts operating: 2028
- Status: announced
- Capacity: 45 Mt/y mill feed (Phase 1), ramping to 90 Mt/y (Phase 2)
- Products: copper, gold
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Barrick Gold](https://endata.com/companies/12881.md)
- [Komatsu](https://endata.com/companies/15845.md) (supplier)

## Sources

- [im-mining.com](https://im-mining.com/2025/02/27/barrick-details-intended-primary-komatsu-mining-fleet-for-reko-diq/), 2025-02-27: "The Reko Diq mine has been designed as a large-scale open pit operation."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.