Reko Diq Mining Company (Private) Limited has approached Pakistan International Bulk Terminal (PIBTL) to handle cargo concentrate in its mining project’s initial phase. PIBTL announced this development in a statement to the Pakistan Stock Exchange on Friday.

Reko Diq has identified PIBTL’s terminal and infrastructure as suitable for its cargo handling needs, marking a significant step in the early stages of the Reko Diq project. The agreement, however, is contingent upon the execution of definitive agreements and obtaining necessary regulatory approvals from relevant authorities, including the Port Qasim Authority.

PIBTL has been operating under a Build Operate Transfer (BOT) contract with the Port Qasim Authority since November 6, 2010. This contract allows PIBTL to construct, develop, operate, and manage a coal and clinker/cement terminal at Port Mohammad Bin Qasim for a period of thirty years. Upon the contract’s expiration, all concession assets will be transferred to the Port Qasim Authority