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Finnish technology giant Metso has shown strong interest in investing in Pakistan’s mineral sector, with a focus on copper mining through participation in the Reko Diq project. The announcement was made during a meeting between Piia Karhu, President of Minerals at Metso, and Minister of State for Finance and Railways Bilal Azhar Kayani.
Reko Diq, one of the world’s largest underdeveloped copper-gold reserves, is co-owned by Barrick Gold (50%) and the governments of Pakistan and Balochistan (50%). The project, delayed for years due to disputes resolved in 2022, is now expected to start production by December 2028. Its development is considered crucial for Pakistan’s economic revival.
During the meeting, Piia Karhu said, “Metso is now a significant supplier of equipment and services for the Reko Diq project, and we are planning to expand to more mineral projects in Pakistan.” She also emphasized training local human resources to support sustainable development.
Minister Bilal Azhar Kayani welcomed Metso’s interest, noting that upgraded railway lines ML-1 and ML-3 are being aligned to support Reko Diq’s timely activation. He assured full government support for international investors.
In another meeting with Petroleum Minister Ali Pervaiz Malik, Metso’s delegation and Finland’s Ambassador to Pakistan were briefed on Pakistan’s mineral sector reforms. Malik stated, “Pakistan is decisively shifting from primitive ways of mining to sophisticated, mechanised, and responsible mining. The Reko Diq project will be the torch bearer for Pakistan’s mineral sector.”
Both sides agreed to hold further technical discussions with the Ministry of Railways to advance cooperation. With Metso’s technology, equipment, and expertise, the project is set to strengthen Pakistan’s mineral industry while creating jobs and boosting exports.
