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Saturday, April 25, 2009

Copper and gold mines in Reko Dik


Before starting this post, I want to clear that my focus is only on the copper and gold mines in Reko Dik and I don't intend to make it a political post.

About Reko Diq, it is said that World’s largest Gold and Copper reserves are found there.

It is a small town in Chagai District, Balochistan, Pakistan, and it is a name of an ancient volcano, literally means sandy peak, or gold peak, and below this sands lie some 12.3 million tons of copper and 20.9 million ounces of gold.

Credible international surveys indicate the wealth of resources and suggest that the area is home to one of the biggest copper reserves in the world with over 11 billion pounds of copper and nine million ounces of gold.

The Reko Diq deposit is being explored by Tethyan Copper Company (75%) and the Balochistan Development Authority (25%). Tethyan Copper Company is held jointly (50:50) by Barrick Gold Corporation and Antofagasta Minerals.

This news was reported on 2006 but unfortunately I came to know about it now.

But the bad aspect of such mining is that, it uses many toxic products like sodium cyanide, arsenic and other chemicals which produce toxic by-products. Gold mining dumps 79 tonnes of waste for every 28 grams of gold and produces 96 per cent of the world's arsenic emissions thus causing environment pollution.

If you want to know more about it, please visit these sites:

Dawn
Requiem for Gold Peak: Exploitation in Balochistan
Reko diq in Baluchistan

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