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Article: Australian mining company to start copper project.
- Article from:
- PPI - Pakistan Press International
- Article date:
- October 22, 2003
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ISLAMABAD, Oct 22: Pakistan on October 21 said it had allowed an Australian mining company to start a $130-million copper development project in Balochistan whose $1 billion second phase of investment would make Pakistan the third largest copper producer in the world in five years.
"This could be a boom for foreign investment and place Pakistan on the second or third position on the world map of copper production," petroleum secretary M. Abdullah Yousaf told a joint news conference with Muslim Lakhani, country representative of Tethyan Copper Company (TCC) - a Pakistani offshoot of Australian BHP Billiton.
He said a $10-million initial public offering of ...