Karachi December 13 2021: Pakistan Petroleum Limited (PPL) has been granted a large scale Mining Lease for Lead and Zinc, in District Khuzdar, by the Government of Balochistan.
In this regard a Large Scale Mining Lease Deed has been executed, for large scale mining and establishment of a Lead-Zinc processing plant in District Khuzdar, Balochistan over an area covering 30 Sq.km (7413.16 acres). The lease is valid for a term of thirty (30) years and shall be operated by Bolan Mining Enterprises, a 50:50 Joint Venture between PPL & GoB.
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The estimated reserves of barite, lead and zinc are 69 Million Tonne as per bankable feasibility by a renowned German Consultant, over a portion of the leased area. The project would entail open pit mining with an ore beneficiation / process plant. Positive cashflows are expected from year 3 while the estimated project life is 32 years.