Pakistan Reaches Deal With Mining Companies

ISLAMABAD, Pakistan—Two mining companies resolved a decadelong dispute with Pakistan, officials said, in a deal that will restart work on a giant copper mine and spare the country from having to pay billions in compensation.

Canada’s Barrick Gold Corp. and Chile’s Antofagasta PLC had stopped preliminary work in 2011 when Pakistani authorities refused to grant them a mining license to develop the Reko Diq mine, located in the poor and sparsely populated western province of Balochistan.

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