Weir Group wins $69 million equipment contract for Reko Diq project

By Staff Reporter

ISLAMABAD: Weir Group Plc, a Glasgow-based mining technology company, secured a 53 million-pound ($69 million) order to supply equipment for the Reko Diq copper-gold project in Pakistan.

The contract, announced Tuesday, includes solutions for fine grinding, separation, and tailings for the project’s first phase in Balochistan province.

Reko Diq, one of the world’s largest undeveloped copper-gold deposits, has a joint ownership structure comprising Barrick Gold Corp. with a 50 percent stake, alongside local interests.

The remaining shares are held by three federal state-owned enterprises (25 percent), and the Balochistan government, which has a 15 percent fully funded interest and a 10 percent free-carried stake.

Weir’s CEO Jon Stanton said the deal validates the company’s sustainable and cost-effective solutions, suited for water-scarce climates.

“We are delighted to have secured this significant contract which represents further industry acceptance of Weir’s differentiated sustainable and cost-effective redefined flowsheet solution, with our market leading HPGR technology particularly suited for the water-scarce climate and geology of the Reko Diq copper-gold project,” Stanton added.

Barrick President Mark Bristow said the partnership will deliver sustainable mining and processing, growing Barrick’s copper and gold portfolios.

“Barrick is pleased to be partnering with Weir in delivering sustainable mining and processing in the new mining frontier of Balochistan,” Bristow said. “The Reko Diq project will grow Barrick’s strategically significant copper and gold portfolios, benefiting all its Pakistan and Balochistan stakeholders.”