Saindak Copper Gold Project
Encyclopedia
Saindak Copper-Gold Mine is located in Saindak
town, district Chaghi Balochistan
, Pakistan
. The discovery of copper deposits at Saindak was made in the 1970s in collaboration with a Chinese engineering firm. The Saindak Copper-Gold Project was set up by Saindak Metals Ltd, a company wholly owned by the government of Pakistan, by the end of 1995 at a cost of Rs.13.5 billion.
Pakistan and China signed a formal contract worth $350 million for development of Saindak Copper-Gold Project. The project was leased for 10 year to a Chinese company called Metallurgical Construction Corp (MCC), which is due to expire in September 2012. Under the lease agreement, MCC was to run the project on an annual rent of $500,000 plus a 50 per cent share of copper sales to the Pakistani government.
The project was based on estimated ore reserves of 412 million tonnes containing on average 0.5 gram of gold per ton and 1.5 grams of silver per ton. According to official estimates, the project has the capacity to produce 15,800 ton of blister copper annually, containing 1.5 ton of gold and 2.8 ton of silver.
Saindak
Saindak |Balochistan]], Pakistan. Large deposits of Copper and Gold have been discovered at Saindak. The Saindak Copper Gold Project has created economic prosperity in the town. Saindak is also regional headquarters of Pakistan Frontier Corps.-External links:...
town, district Chaghi Balochistan
Balochistan
Balochistan or Baluchistan is a region which covers parts of Afghanistan, Iran and Pakistan. It can also refer to one of several modern and historical territories within that region:...
, Pakistan
Pakistan
Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...
. The discovery of copper deposits at Saindak was made in the 1970s in collaboration with a Chinese engineering firm. The Saindak Copper-Gold Project was set up by Saindak Metals Ltd, a company wholly owned by the government of Pakistan, by the end of 1995 at a cost of Rs.13.5 billion.
Pakistan and China signed a formal contract worth $350 million for development of Saindak Copper-Gold Project. The project was leased for 10 year to a Chinese company called Metallurgical Construction Corp (MCC), which is due to expire in September 2012. Under the lease agreement, MCC was to run the project on an annual rent of $500,000 plus a 50 per cent share of copper sales to the Pakistani government.
The project was based on estimated ore reserves of 412 million tonnes containing on average 0.5 gram of gold per ton and 1.5 grams of silver per ton. According to official estimates, the project has the capacity to produce 15,800 ton of blister copper annually, containing 1.5 ton of gold and 2.8 ton of silver.
External links
- http://chaghi.sitesled.com/Cities/saindak.php
- http://www.mccchina.com/ENGLISH/ShowArticle.asp?ArticleID=5363
- http://www.mcc.com.cn:8018/english/ShowArticle.asp?ArticleID=2816