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Reko Diq is a desert in Balochistan. 'Reko Diq' actually means sandy
peak in local language that is the name of an ancient volcano. This area
comes under Chagai District that has population of 300,000. Reko Diq is
popular for being naturally rich as it has gold mines, copper mines and
shale gas. A small part of this area falls in Afghanistan too. This is
Pakistan's largest gold mine and some of the most interesting facts
about Reko Diq Gold Mines are listed below.
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It is world's 5th biggest Gold Mine
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It spreads over 100 kilometers
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It has more than 54 million tons of Gold
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And it is worth more than US$ 2 Trillion
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It was leased to BHP, an Australian Company in 1994.
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BHP sold those mining rights to Thethyan Copper Company in 2004
Company had rights to export every ounce of gold without involving State
Bank of Pakistan or any other 3rd Party.
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This company had captured 400 kilometers of area for mining
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It was a non-auditable zone
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It has copper and other natural reserves
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It has world's 2nd largest reserve of Shale Gas (petrol alternative) |