Key Takeaways
- The Special Investment Facilitation Council (SIFC) helped resolve issues for the Barite Lead Zinc Project.
- Pakistan Petroleum Limited is developing the project with a joint venture partner, Bolan Mining Enterprises.
- Estimated to contain 69 million tons of reserves, the mine could generate annual revenues between $150 million and $230 million.
The Special Investment Facilitation Council (SIFC) has successfully resolved long-standing issues surrounding the Barite Lead Zinc Project in Khuzdar, Balochistan, paving the way for a significant strategic investment of $200 million. The project is being developed by Pakistan Petroleum Limited in collaboration with Bolan Mining Enterprises.
According to official estimates, the mine is expected to contain reserves of 69 million tons and operate for 34 years. This development reflects efforts by the government to improve the investment climate and accelerate the responsible development of mineral resources.
The project’s progress has been facilitated through the resolution of long-pending mining lease issues, a key milestone being the signing of the Operational Agreement during the Pakistan Minerals Investment Forum 2025.
Pakistan Petroleum Limited is designated as the operator of the project and holds a 50 percent working interest. The remaining 50 percent is held by Bolan Mining Enterprises.
The mine is expected to generate annual revenues between $150 million and $230 million, contributing significantly to mineral exports, job creation, and economic development in Balochistan.
The SIFC’s role in resolving these issues underscores its commitment to facilitating strategic investments and removing regulatory hurdles. This project marks a significant step forward in the responsible development of Pakistan’s vast mineral resources.
