Payment of Rs 71 crore by Barrack Gold Company to Balochistan Government

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Payment of Rs 71 crore by Barrack Gold Company to Balochistan Government
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Payment of Rs 71 crore by Barrack Gold Company to Balochistan Government

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Barrack Gold Company has paid 71 crore rupees to Balochistan government under the Copper Gold Recodic Project in Chagai district.

Officials of the provincial finance department from Quetta say that 71 crores of rupees were paid by Barrack Gold in the form of advance royalty.

Finance department officials further said that Barrack Gold Company is working on a project to extract gold and copper in Rekodik.

Meanwhile, officials of Balochistan’s Minerals Department say that production from the Rekodic project will begin in 2028.

According to officials of the Department of Minerals, Balochistan’s share in the profit of the Rekodic project will be 25 percent.

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