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Reko Diq

Reko Diq project: current status of litigation reviewed

September 24, 2014- BR Report - Federal Min-ister for Fin-ance, Senator Muhammad Ishaq Dar here on Tuesday chaired a meeting of the Laws Review Committee to review different draft laws as well as the current status of international litigation regarding the Reko Diq project against the government of Balochistan as well as the federal government. Different aspects of arbitration came under discussion during the meeting. The participants of the meeting expressed the view that once…

Saindak, Reko Diq: Senate body asks government to review agreements

September 13, 2013 NAVEED BUTT The Sub-Committee of the Standing Committee on Finance expressed serious concerns over the loss to national exchequer due to Saindak and Reko Diq projects in Balochistan and recommended to the authorities to review the agreements of the two projects. The Sub-Committee met with Sardar Fateh Muhmmad Muhmmad Hassani in the chair at Parliament House on Thursday. The members of the Sub-Committee expressed dissatisfaction over multi-billion-dollar agreements…

Reko Diq case: agreement void, unenforceable: Supreme Court

May 11, 2013 The Supreme Court Friday issued detailed verdict on Reko Diq case, declaring that all key provisions of CHEJVA were subject to a reliance on relaxations that were illegal and void ab initio. In a 146-page detailed judgement, authored by Chief Justice Iftikhar Muhammad Chaudhary, it has been made clear that no operative part of the agreement can be enforceable independently. "The agreement is, therefore, void and unenforceable in its entirety under the law," it added. The…

Provincial government wins Reko Diq case: Raisani

January 01, 2013 Chief Minister Balochistan Nawab Mohammad Aslam Raisani has said that provincial government has won the Reko Diq case and has allocated Rs 8 billion for exploration of work. Talking to media here on Monday, he said that work on the Balochistan Gold and Copper Project will be initiated soon adding it would provide jobs to tens of thousands of jobless besides improving the life standard of the area people once started. Provincial government has allocated Rs 8 billion for…

CJP raises question about exemption to TCC

December 20, 2012 KHUDAYAR MOHLA Chief Justice Iftikhar Muhammad Chaudhry on Wednesday queried about the law under which an exemption was granted to Tethyan Copper Company (TCC). Khalid Anwar, the counsel for TCC, contended that investment by a major international player with the objective of benefiting the local people provided a golden opportunity to Balochistan. The Chief Justice observed that TCC was registered in USA not in Pakistan and asked about the clauses of Balochistan…

Reko Diq case: BHP Billiton spent huge funds on exploration: counsel

KHUDAYAR MOHLA Abdul Hafeez Pirzada, the counsel for BHP Billiton, on Tuesday pleaded that the company had spent a large amount of money on exploration of copper and gold at Reko Diq. Therefore, it deserves a mining licence, according to him. A three-judge bench led by the Chief Justice Iftikhar Muhammad Chaudhry resumed the hearing of the Reko Diq case with Pirzada contending that no law had been violated in the Reko Diq agreement and that concession granted to the company was legal.…

Reko Diq case: Supreme Court seeks details of agreement

November 30, 2012 KHUDAYAR MOHLA The Supreme Court on Thursday sought details of the agreement between Mincor Resources NL and BHP that was to be operationalized through Tethyan Copper Company (TCC) to explore gold and copper resources in Reko Diq located in Chagai district, Balochistan. A three-judge bench headed by Chief Justice Iftikhar Muhammad Chaudhry resumed the hearing of Reko Diq case in response to identical petitions filed by Maulana Abdul Haque Baloch and others. The…

Reko Diq case: Supreme Court resumes hearing tomorrow

November 25, 2012 KHUDAYAR MOHLA The Supreme Court will resume the hearing of identical petitions on Reko Diq mining lease to foreign companies from Monday after two-day break. A three-member bench, comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Gulzar Ahmed and Justice Sheikh Azmat Saeed will resume the hearing on November 26 on Reko Diq case filed by Dr Abdul Haq Baloch and others. During last week's hearings, the Supreme Court said that it would look into…

Pakistan-TCC dispute over Reko Diq: government to be held responsible if there”s adverse verdict: Supreme Court

November 17, 2012 KHUDAYAR MOHLA The Supreme Court on Friday observed that the entire responsibility would rest with the government if International Centre for Settlement of Investment Disputes (ICSID) announces an adverse verdict on a dispute between Pakistan and the Tethyan Copper Company-Australia (TCC) over Reko Diq mining lease. A three-judge bench led by Chief Justice Iftikhar Muhammad Chaudhry resumed the hearing of identical petitions filed against the federal…

Reko Diq case: Supreme Court tells lawyer to finish arguments today

November 14, 2012 A three-judge bench headed by Chief Justice Iftikhar Muhammad Chaudhry adjourned the hearing of the Reko Diq case on Tuesday, directing the petitioners'' lawyer to conclude his arguments and submit a written reply on Wednesday (today). The bench resumed the hearing of identical petitions filed against the federal government''s decision to lease out gold and copper mines in Reqo Dik in Balochistan''s Chagai district to foreign companies. During the proceedings, Raza…

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