The overall venture operates as a 50-50 partnership between the Government of Pakistan and RDMC

(Web Desk): Reko-Diq Mining Company (RDMC) has paid over $17.5 million in royalties to the Balochistan government, officials revealed during a media briefing on the project’s progress.
Communications Manager Samia Ali Shah stated that as of June 2025, RDMC has also paid nearly $3.8 million to the federal government in income taxes on behalf of employees and other stakeholders. She emphasized that the Balochistan government holds a 25% stake in the project without any direct financial investment.
The overall venture operates as a 50-50 partnership between the Government of Pakistan and RDMC.
The briefing also shed light on RDMC’s commitment to local workforce development. Trainees who recently returned after 18 months of technical training in Argentina—fully sponsored by the company—were present at the event. Notably, 14% of the trainees were female.
Shah highlighted that the project offers long-term socioeconomic benefits for the region, especially through skill-building and employment opportunities for local youth.

Flood effects: Vegetables, fruits are expensive in Lahore, onions, tomatoes scarce in Islamabad
- an hour ago

TikTok introduces new feature allowing users to buy movie tickets directly through app
- 16 hours ago

PCB announces tri-nation T20 series
- 18 hours ago
FIA foils illegal migration attempt to Iran, arrests 24
- 18 hours ago

British police confirm arrest of 890 protesters at pro-Palestine rally
- 15 hours ago
TDCP hosts grand celebration for Defence Day and Eid Milad-un-Nabi
- 20 hours ago

Victory of Operation Somnath still refreshes spirit to defend homeland, PM Shehbaz
- 24 minutes ago
Turkey's Balıkesir province shaken by 4.9 magnitude earthquake
- 17 hours ago

Seven killed as speeding trailer hits car in Nowshera Feroze
- an hour ago

Light rain in Karachi early morning, heavy rain with thunderstorms likely
- an hour ago
Japanese Prime Minister Shigeru Ishiba decides to resign
- 19 hours ago
Total lunar eclipse to illuminate Pakistan's skies on Sept 7
- 17 hours ago