• About
  • Advertise
  • Contact
Friday, July 1, 2022
  • Login
WRITE FOR US
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
No Result
View All Result
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
Economy.pk
Home Business

Balochistan Government Allows Chinese, Exploration in Saindak

byShahzaib
July 1, 2020
in Business
Reading Time: 2 mins read
0
Balochistan Government Allows Chinese, Exploration in Saindak
0
SHARES
241
VIEWS
Share on FacebookShare on Twitter

Metrological Construction Company of China – MCC is allowed for exploration and development of East Ore Body in Saindak. The company is locally registered under the name of Saindak Metals Limited – SML. The company was issued with an NoC for the purpose by the Balochistan Government.

Provincial Government extended the contract of SML for another 15 years from which the exploration work on East Ore Body was allowed. The expiry on the present contract is 31st October 2022. However, the MCC is already working on the Saindak Gold-Copper Project since 2002, they applied for exploration of East Ore Body of Saindak. The application was presented to the Balochistan Mines and Mineral Department. The application was applied on the basis of starting a new project as the exploration project at present Saindak site has almost finished.

RelatedPosts

France suspends Pakistan’s $107m loan repayment

Govt slaps levy upto Rs16,000 on import of cellphone

Chinese firms to invest in Pak’s renewable energy sector

Saindak

The contract agreement of SML/MCC was scheduled to expire on 31st October 2022. However, the Balochistan Chief Minister has approved it for an extended time period of 15 Years. ‘The extension of the agreement would guarantee that the investment of $45 Million by MCC will be their risk’. The exploration and development of East Ore Body in Saindak Area will be on the risk of MCC – SML themselves. This was stated in the official letter sent to the Ministery of Energy, Petroleum Division.

However, the letter stated that the extension of the SML Mining Lease would be dealt distinctly as per the provisions of Balochistan Minerals Rules – 2002. Furthermore, the mining lease of SML is still valid up to 2025.

Tags: Balochistna GovernmentEast Ore Body SaindakMCCMetrological Construction CompanySaindak Metals LimitedSML
Shahzaib

Shahzaib

Related Posts

Pakistan strikes deal with France to suspend loans

France suspends Pakistan’s $107m loan repayment

The Pakistani government and France have signed an agreement under the G20 Debt Service Suspension Initiative (DSSI), which will suspend...

Govt slaps levy upto Rs16,000 on import of cellphone

Govt slaps levy upto Rs16,000 on import of cellphone

The National Assembly (NA) on Wednesday passed the Finance Bill 2022-23, which includes a levy on the import of cellphones,...

Next Post
Central Superior Services – CSS Pakistan

Central Superior Services - CSS Pakistan

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

football-pakistan

FIFA lifts suspension on Pakistan Football Federation

BRT Peshawar Shortlisted in Top 5 Finalists for World Resources Award 2022

BRT Peshawar Shortlisted in Top 5 Finalists for World Resources Award 2022

Stakeholders warned that fuel price hike further aggravate the girls drop out from schools

Stakeholders warned that fuel price hike further aggravate the girls drop out from schools

Experience the best summer holiday in Dubai with Emirates’ exclusive value-added offers

Experience the best summer holiday in Dubai with Emirates’ exclusive value-added offers

Airblue is Finally Starting Direct Flights to Skardu

Airblue is Finally Starting Direct Flights to Skardu

Pakistan strikes deal with France to suspend loans

France suspends Pakistan’s $107m loan repayment

Connect with us

Twitter

Economy.pk

Economy.pk touches diverse topics with a lighter note and is geared toward audiences with various interests and all ages. Come and explore Economy.pk. Ample details and analysis are provided in extraordinarily readable manner making them compelling and interesting at the same time.

Category

  • World
  • Politics
  • Business
  • Technology
  • Education
  • Health
  • Life & Style
  • Opinions

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin

Sitelinks

  • Sitemap

Download our APP

download on android app download on apple app
  • About
  • Advertise
  • Contact

© 2022 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

  • LATEST
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Canada
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2022 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

No Result
View All Result

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In