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Saindak Copper Gold Project

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Saindak Copper Gold Project
Saindak Copper-Gold Project
Saindak Mines
town

Saindak Copper-Gold Mine is located in Saindak town, district Chaghi Balochistan, Pakistan. The discovery of copper deposits at Saindak was made in the 1970s in collaboration with a Chinese engineering firm. The Saindak Copper-Gold Project was set up by Saindak Metals Ltd, a company wholly owned by the government of Pakistan Government of Pakistan, by the end of 1995 at a cost of Rs.13.5 billion.

Pakistan and China signed a formal contract worth $350 million for development of Saindak Copper-Gold Project. The project was leased for 10 year to a Chinese company called Metallurgical Construction Corp (MCC), which is due to expire in September 2012. Under the lease agreement, MCC was to run the project on an annual rent of $500,000 plus a 50 per cent share of copper sales to the Pakistani government.

The project was based on estimated ore reserves of 412 million tonnes containing on average 0.5 gram of gold per ton and 1.5 grams of silver per ton. According to official estimates, the project has the capacity to produce 15,800 ton of blister copper annually, containing 1.5 ton of gold and 2.8 ton of silver.

references

http://www.atimes.com/atimes/South_Asia/HJ05Df01.html

http://www.gsp.gov.pk/resources/resources_balochistan.jpg

http://chaghi.sitesled.com/Cities/saindak.php

See Also

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