Overview
- Pakistan International Bulk Terminal signed with Reko Diq Mining Company to handle, store and export copper‑gold concentrates from the Balochistan project via Port Qasim.
- Under the deal, PIBT becomes the primary logistics and export gateway, covering logistics, storage and exports for minerals, metals and other natural earth resources from Reko Diq.
- Shipments are expected to begin in 2028, with additional investment planned to upgrade the terminal’s export systems to support anticipated volumes.
- PIBT, developed with a $305 million International Finance Corporation partnership, operates under World Bank Group EHS guidelines and currently handles 12 million tonnes of imports and 4 million tonnes of exports annually.
- Barrick executive Mark Hill welcomed the agreement, and PIBT’s chief credited support from the SIFC, Ministry of Maritime Affairs and Port Qasim Authority in a deal expected to support multibillion‑dollar mineral exports.