Reko Diq Mining Company Hosts Pakistan Supplier Roadshow in Karachi

Strategic Insights -

Reko Diq Mining Company (RDMC), a subsidiary of Barrick Gold Corporation, has taken a significant step in its efforts to establish a robust and inclusive supply chain for the Reko Diq project in Pakistan. The company hosted a suppliers' roadshow in Karachi, where it engaged with over 200 potential vendors and suppliers, including small and medium-sized enterprises from Balochistan and national-level firms. The event aimed to provide a platform for these businesses to learn about the project's operational principles, procurement strategy, and partnership opportunities, while also understanding RDMC's standards and expectations.

Key Takeaways:

  • The Reko Diq project, one of the world's largest undeveloped copper-gold mines, will create significant economic opportunities for Pakistan, including the establishment of a robust and inclusive supply chain.
  • The RDMC's Supplier Roadshow in Karachi attracted more than 200 companies, including small and medium-sized enterprises from Balochistan, and national-level firms.
  • The event provided attendees with an overview of the Reko Diq project, including its operational principles, procurement strategy, tax framework, community development initiatives, hiring policies, and partnership opportunities during both construction and operational phases.
  • RDMC's commitment to local economic development was emphasized by Martin Heunes, Head of Supply Chain, who stated that the company aims to do business with capable local vendors and suppliers that meet technical, safety, and ethical standards.
  • The company is encouraging international companies to partner with Reko Diq and invest in building sustainable capabilities in Pakistan.
  • The Supplier Roadshow is part of RDMC's ongoing efforts to build a competitive supply chain for the Reko Diq project.
  • The event followed a similar vendors' expo held in Quetta last year, demonstrating RDMC's continued commitment to engaging with local suppliers and businesses.
  • The Reko Diq project will become the largest copper and gold mining operation in Pakistan.
  • Over 200 companies attended the Supplier Roadshow in Karachi.
  • RDMC aims to establish a robust and inclusive supply chain for the Reko Diq project.
  • The company is encouraging international companies to partner with Reko Diq and invest in Pakistan.
  • The Supplier Roadshow is part of RDMC's commitment to local economic development.

Sources:

  • A company statement issued by Reko Diq Mining Company on Thursday.
  • A quotation attributed to Martin Heunes, Head of Supply Chain at RDMC.