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Home»BUSINESS»Major mineral reserves found in Balochistan, GB
BUSINESS

Major mineral reserves found in Balochistan, GB

Our CorrespondentBy Our CorrespondentMarch 29, 2025Updated:March 30, 2025No Comments3 Mins Read2 Views
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Pakistan secures access to Oman’s refining facilities for antimony processing while enhancing mining education to align with global industry benchmarks

By our correspondent

QUETTA: Pakistan’s mineral exploration sector has taken a significant leap forward with the discovery of vast antimony reserves in Balochistan and the confirmation of gold, copper, nickel, and cobalt deposits in Gilgit-Baltistan. These findings mark a pivotal moment in the country’s efforts to tap into its natural wealth and position itself as a key player in the global minerals market.

The discovery of antimony in Balochistan comes as part of an ambitious commercial initiative spearheaded by the Oil & Gas Development Company Limited (OGDCL) and the Pakistan Mineral Development Corporation (PMDC). The two state-owned entities have joined forces in an equal partnership, forming a 50:50 joint venture that is expected to be formally announced during the Pakistan Minerals Investment Forum 2025, set to take place on April 8-9.

The collaboration signals the government’s intent to capitalize on the growing demand for antimony, a critical mineral used in flame retardants, batteries, and semiconductors. Meanwhile, in Gilgit-Baltistan, substantial progress has been made in securing ten mineral blocks, where surveys have confirmed significant deposits of gold, copper, nickel, and cobalt. The discovery of these high-value minerals has bolstered hopes for increased foreign investment in the sector, as Pakistan looks to establish itself as a resource-rich nation with vast untapped potential.

Efforts to unlock additional mineral wealth extend beyond the northern regions, with ongoing exploration projects in Chiniot, Punjab. OGDCL and the provincial Mineral Department are currently engaged in discussions to accelerate the exploration process, reinforcing the government’s commitment to maximizing the country’s mineral output.

Pakistan is also exploring opportunities to leverage Oman’s advanced refining facilities to process antimony, a move that could add significant value to its exports. In parallel, authorities are taking steps to modernize mining education and align it with global standards to ensure a steady pipeline of skilled professionals who can drive the sector forward.

Recognizing the need for a scientific approach to mineral exploration, OGDCL is strengthening its collaboration with the Higher Education Commission (HEC) and leading universities. Advanced remote sensing and geological surveys are also in the pipeline, aimed at conducting a comprehensive assessment of Balochistan’s newly discovered antimony reserves. These initiatives underscore the country’s broader strategy to modernize its mining sector, making it more competitive and efficient.

Experts believe these discoveries could play a crucial role in boosting Pakistan’s economy, providing new revenue streams, and creating employment opportunities in mining, refining, and related industries. With global demand for critical minerals on the rise, Pakistan’s latest exploration successes position it as a country with immense potential—provided it can navigate the complexities of sustainable extraction, investment attraction, and infrastructure development.

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