PIBT Copper Export Approval Strengthens Reko Diq Logistics
The PIBT copper export plan gained momentum after a key regulatory approval. Pakistan International Bulk Terminal Limited confirmed new agreements this week. As a result, the company can now support mineral shipments tied to Reko Diq. PIBT shared the update through a formal filing to the stock exchange. The notice outlined expanded rights at Port Qasim. These rights allow broader handling and storage services.
The company signed a supplemental deal with the port authority. This agreement grants additional licenses and operational concessions. Therefore, PIBT can manage minerals, metals, and natural commodities.
Project Link
Alongside port approvals, PIBT signed a cargo handling agreement. The deal involves Reko Diq Mining Company’s concentrate shipments. This step connects terminal services directly to the mining project. Reko Diq sits in Balochistan and holds vast mineral potential.
Experts consider it among the world’s largest undeveloped resources. The project draws both local and international interest. Ownership remains shared across public and private partners. A global mining firm holds half the stake. Federal entities and the provincial government share the rest.
Production plans target a 2028 launch window. Once active, the site could support long-term economic growth. Many analysts expect strong trade and employment benefits.
Terminal Role
This agreement positions PIBT as a logistics partner.The terminal can support storage and shipment needs. In addition, it strengthens supply chain readiness.Future operations may rely on efficient port handling. Therefore, early preparation matters for smooth exports.
PIBT’s role helps reduce operational risks. The terminal operator began operations in 2010. That same year, it signed a long-term port development contract. The agreement followed a build operate transfer model.
Under this model, the company manages facilities for thirty years. The focus includes bulk materials like coal and clinker. Now, mineral cargo adds another growth path. Overall, the PIBT copper export approval signals readiness. It aligns infrastructure with upcoming mining activity. For investors and communities, this brings cautious optimism.
