The International Finance Corporation (IFC) has committed a $400 million subordinated loan to the Reko Diq copper-gold mine in Pakistan, bringing its total investment to $700 million.
This funding is part of a larger $6.6 billion financing plan for the mine's development, which is expected to begin production in 2028. The project is located in Balochistan and is one of the world’s largest undeveloped copper-gold reserves.
The mine is a joint venture between Barrick Gold and the Pakistani government, with projected free cash flow of up to $74 billion over its 37-year lifespan.