Pakistan’s top court endorses Barrick Gold’s $10-billion mining investment

📆 2022/12/10 0:51:00
📰 globeandmail

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The endorsement was a condition of the settlement for Barrick to resume work on the project in the southwestern province of Balochistan, bordering Afghanistan and Iran

Chief Justice Umar Ata Bandial, the head of a five-judge panel, read out the operative part of the brief order in court.

Under the deal, the company withdrew its case in an international arbitration court, which had slapped a penalty of $11 billion on Pakistan for suspending the contracts of the company and its partners in 2011.

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