Barrick Mining delays copper-gold project

TORONTO: Barrick Mining is delaying its huge copper and gold project in Pakistan due to the Middle East conflict and security situation in the country, the Financial Times reported on Thursday, citing correspondence seen by the media outlet.

“Following the preliminary findings of the review and in light of the subsequent escalation in security issues in Pakistan and the Middle East, the company considers it necessary to further assess the potential impacts and delivery strategy,” the report quoted Barrick telling its Pakistani equity partners and the project’s local operator.

Development activity will be slowed, with a correspondingly reduced project spend, for a 12-month period commencing in July, the miner added, according to the report.

Published in Dawn, March 27th, 2026

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