Barrick Gold's Reko Diq Project Approved by JV Shareholders

Barrick Gold Corporation (GOLD) recently stated that Reko Diq Joint Venture (JV) shareholders have approved the project's revised Feasibility Study and conditionally approved related Phase 1 development capital, subject to the closing of up to $3 billion in limited recourse project financing. The approval clears the way for significant works to begin in 2025, with the goal of starting production by the end of 2028. In addition, the shareholders have selected Fluor Corporation as the main Engineering, Procur ...