ISLAMABAD: Ivanhoe Atlantic and Mari Minerals have entered an agreement to explore copper and gold deposits in the Chagai district of Balochistan, marking a notable development in Pakistan’s mineral sector. The agreement was signed at the Pakistan Minerals Investment Forum in Islamabad, with the presence of Minister for Petroleum Ali Pervaiz Malik.

According to Radio Pakistan, the agreement focuses on exploring copper and gold deposits and assessing mineral resource potential in Chagai. Minister Malik’s participation in the signing ceremony underscores the government’s commitment to fostering investment in the sector. In addition to the signing, the minister engaged in discussions with international mining and investment leaders, including Barrick Corporation’s Chairman John Thornton and senior leadership. Thornton expressed ongoing interest in Pakistan, reflecting the company’s sustained engagement.

The minister also met Andrew Neilson, Chief Executive of British company Weir, who conveyed interest in expanding their involvement in Pakistan’s mineral projects. Additionally, Trafigura’s representative Ibrahim El Gazzar expressed interest in zinc, barite, and other sectors. The minister’s meetings included Mustafa Aksoy from Calik Holding and a delegation from Ivanhoe led by Robert Friedland. Minister Malik emphasized the forum’s role in connecting investors with opportunities, highlighting international interest in Pakistan’s mineral resources.