Biafo Industries Limited (PSX: BIFO) has signed a contract with Reko Diq Mining Company (Private) Limited (RDMC) to provide blasting services for the Reko Diq gold and copper mine. The agreement was disclosed in a stock filing on Monday.

According to the filing, the contract involves the supply of explosives and civil blasting services for the pre-mining initial infrastructure development at the Reko Diq mining site. This marks a significant milestone for Biafo Industries as it partners with one of Pakistan’s largest mining projects.

About Biafo Industries
Biafo Industries, which began commercial production on July 1, 1994, specializes in the manufacturing of commercial explosives and blasting accessories, including detonators and other related materials. The company has established itself as a key player in the explosives industry, catering to various sectors, including mining and infrastructure development.