KARACHI: An agreement for the handling and export of copper-gold concentrates from the Reko Diq project was formally signed on Wednesday between Pakistan International Bulk Terminal Limited (PIBT) and Reko Diq Mining Company (RDMC). Under the agreement, PIBT has been designated as the primary export facility for Reko Diq's minerals, a move expected to strengthen Pakistan's position in global commodity markets.

According to Pakistan International Bulk Terminal Limited, the partnership reflects a long-term collaboration between PIBT and Reko Diq to enable the efficient and reliable handling and export of Pakistan's mineral resources. "Our port infrastructure and operational expertise are aligned with the project's requirements, and we are committed to delivering excellence throughout this partnership," said Sharique Azim Siddiqui, chief executive officer of PIBT.

Siddiqui added that the company appreciates the role of its partners and supporting stakeholders in making the collaboration possible, noting that Reko Diq is a strategic project for Pakistan's economy with the potential to generate multi-billion-dollar exports over its life. PIBT, located at Port Qasim, is Pakistan's dedicated, fully mechanised multipurpose bulk handling terminal. With established bulk handling capabilities and planned upgrades to its export systems, PIBT is well positioned to support the efficient handling and export of minerals, metals, and other natural earth commodities, while operating in line with international environmental, health, and safety guidelines and best practices.