Barrick's Reko Diq copper-gold mine in Balochistan assembled about $3.5 billion of project debt from lenders including US EXIM, which approved $1.25 billion, the IFC and the ADB. In 2026 Barrick slowed development and extended a project review to mid-2027, citing worsening security.
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Barrick confirmed it was slowing Reko Diq and extending its review of security, budget and timetable until mid-2027
Reko Diq is the flagship of US–Pakistan critical-minerals cooperation and the largest US export-credit commitment to Pakistan in years. Its pace tests whether security in Balochistan can support Western mining investment that Washington wants for supply-chain diversification.
