QUETTA: The Reko Diq Joint Venture shareholders have approved the project’s updated feasibility study and conditionally approved the associated Phase-1 development capital, subject to securing up to $3 billion in project financing.

The conditional approval allows the project to advance with major works in 2025, while maintaining the target for first production by the end of 2028.

The shareholders have also appointed the US-based firm Fluor Corporation as the lead Engineering,........

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