As the Head of the Department of Management Sciences at the University of Turbat, I would like to clarify that we invited Barrick Gold to participate in our Job Fair 2024, but they did not attend. Therefore, the statement made at 11:17 in the video, claiming that Barrick Gold has visited every university in Pakistan to recruit talent, is inaccurate.
50% to Barrick gold, 25 percent Pakistan gov, and 25percent to baluchistan gov. Very bad contract sign baluchistan gov shud get 50 percent, 25 percent to pak gov and 25percent to Barrick gold.
@@HassanSaeed-ke9kx So true and so obvious, I was just about to write the same ! How can the average Pakistani even think the nations wealth will benefit the people rather than the army and ruling elite as it has always done as far back as the birth of the nation.
am from Quetta currently studying in the turbat university I agreed with him. our province needs more development . its time to extract the materials fast to develop us fast. Proud to be a Pakistani Baloch.
yes thats what Mark was saying, they are setting up mining technology training centers in Pakistan, mainly for Baloch students, this was at the request of Pakistani political parties and the military. We want Baloch to win, so go ahead and learn mining and go help Balochistan and Pakistan. We from Punjab and KPK support you.
Following on from my previous comment, it can be seen that the PakGovt can finance its share of the mining investment at VERY low cost, and quite possibly for FREE, depending on the gold price appreciation in USD. This is exactly how Barrick will finance its share of the investment, since the logic is as applicable to them as it is to PakGovt. Next, instead of selling its share of the gold, PakGovt should store it as part of its national reserves. If Pakistan is successful in joining BRICS, then these gold reserves will become EXTREMELY necessary for inter-BRICS trade. This is why India and other BRICS members, are repatriating their gold which is held overseas (Bank of England, Federal Reserve etc).
Thanks for sharing such an insight on Rich Deq project!! Unfortunately there has been baseless accusations and negative criticism in the past to bring bad name to Pakistan.
If pak army and establishment are capable they shud have make foji foundation profitable dat can pay for army salaries and for military equipment and Pakistan do not need to sell pia pak railway pak steel and many other national assets and do not need to give reko diq to Barrick gold.
This gold excavated from earth as well as other resources are the people How you ignore them and entering into agreement with a government which is actually a custodian assuming the self ownership and deprived them from the benefits of their property rights .
very good project. Allow 10% of concentrate for local enterpreneurs to process concentrate.. All the gold will be produced in China where copper is recovered from concentrate.
Very bad contract 50% taken by Barrick gold, 25 % by Pakistan gov and 25 percent to baluchistan, why not pak army engineering core can do this project.
74 billion dollars over next 37 years means roughly 2 billions a year. Give fifty percent to company, 1 billion is what Pakistan will have. Forget about fifty percent going to federal, this amount of 500 millions is surely not enough for Baluchistan. I wonder what the federal government will do with other half?
What a sheer waste of such a precious mining resourceqqq. A company getting 50% back and is neither interested to build copper and gold refineries and making other value added products. CEO is saying they are looking to take ore to either China or saudia for further treatment and value addition. This is the same thing many sub saharan countries have done and we know how devastating the result were for them. Buss ammar ko har baat main that make sense bolna aata hai.
@@amanulhaq9130 they have ripped off africans, but pakistan has good deal at 50 percent stake, in africa 20 percent is the maximum these comapnies allow the goverment to have.
i think pakistan might end up getting close to 60 percent of revenue especially if they tax profits above a certain price range. but barrick might delay that as long as possible because they might claim they want to recover their investment cost of biulding the mine before they start paying profut taxes, to be honest pakistan should earn way more that 74 billion thats possiblt the lowest range figure.
0:53 Sir I am sorry but my opinion is a different to the money comments and briefings ate the whole thing was anyone else, my language is pashto not a English so I request to all of them how are seen my comment, first of all I am a one corickion, sir I am shackles a seeing your programs, the Rico dice, gold main in Ony person give him to get a free advertising and strong have taking and this topic, but my experience and i vest on a one of the biggest, largest main, of the world has 3 position gold main at the home of my brother, pahton and Baluch, (Saindic gold main in Baluchistan, sorry to say way the Pakistane people blind minded to not see in his power of the good gifted to give him a late of the Big Big resources my, you and all country Pakistan, so I request to you that my people oneghocated, but the big blandar created, my country any powerful as the my Big brother, and same Mather father and ECT, more than say to seen all of my country resources tiff, gambler molanaa Saib all to the resedin in my country,
Why does Barrick get such a large 50% share for peanuts? A fair contract should be 20% Barrick Canada and 80% for Balochistan Pakistan. Transport of mineral ore by rail will not provide employment to the people of Balochistan and Pakistan. The ore should be processed in Balochistan Pakistan to create employment for local population. This is NOT a fair contract for the people of Balochistan and Pakistan. It is a ripoff via contract manipulation resulting in excessive ownership by the international mining companies.
get yourself educated learn how minning contracts works and also investigate how much money barak is putting in line before even a penny worth of copper they will extract. thanks
Finally, after the development of Reckodiq gold, Pak army generals🇵🇰 and politicans will be able to buy bigger houses in UK 🇬🇧 and pakistanis would still be dying in poverty and low wages.
Just mining your natural resources and exporting the ore alone won't give you maximum returns. The countries that import the ore will make more money than the exporter. Create jobs with copper refineries and industries that use copper for export. Else this is a waste of effort. Just some peanuts which will be depleted within the year. Act soon or miss the bus again and again and again. Time to prove that you can do it
Azeem sahib you seem to have very little knowledge about mining and minerals and specially that of copper mining and processing. A little knowledge is a dangerous thing... and making sweaping statement by your like people's is weird and hellerios to say the least
Very poor interview. Ammar kept hammering Bristow on Energy (which is his expertise) instead of focusing on impact on local population, mining industry in Pakistan, what it means for the economy, focussing on problems with Barrick itself (Mali and PNG) etc. and what it means for the project. Very low research done in the interview.
MR AMMAR,let me ask u a ❓ question,by the rekodek,is in ur country by the way u r asking the ceo about ur reservoir's, aren't u ashamed .ur interwiev was just a garbagethere was nothing new ,nothing special and nothing technical.
Really nice to hear positivity in this troubled world, Mark is right we need more positive cooperation in the world, there is too much conflict and terrorism. My only concern is India backing the Taliban and BLA to make mischief, they will blow up the rail lines and not allow Balochistan to develop. The interviewer is terrible, focusing on micro instead of macro questions.
پاکستان کو اس سے کچھ بھی نہی ملے گا یہ کمپنیاں سب لوٹ کر خالی کے لے جاہین گے معاہدے بہت ھی کمزور ہیں جو ان کمپنیوں کی ضرورت کے مطابق بناے گیے ہیں ہم اک بدقسمت قوم ہین ج و چورون کے ہاتھوں پھنسی ھے
to extract these metels you need technology and experties and people like you will never get that level of technology because it's based on eduction and science that pople like you cannot if you are given opporutnity you will do the same to sell these mines to chineeses or companies like Reqodic and beg for some pennies, so bro stop you FILMI dialogs and become practical
Mansoor ahmad sahib km ilm logon ko itnay scientific aur technical matters pr ftway denay se pehlay apnay knowledge pr nzr rkhnay ki zroorat hoti hy ... Jo ap mn nzr nai ay
As the Head of the Department of Management Sciences at the University of Turbat, I would like to clarify that we invited Barrick Gold to participate in our Job Fair 2024, but they did not attend. Therefore, the statement made at 11:17 in the video, claiming that Barrick Gold has visited every university in Pakistan to recruit talent, is inaccurate.
Good....keep on exposing all fake news and false information.
Iam from queta balochistan love you my pakistan 🇵🇰
50% to Barrick gold, 25 percent Pakistan gov, and 25percent to baluchistan gov. Very bad contract sign baluchistan gov shud get 50 percent, 25 percent to pak gov and 25percent to Barrick gold.
Good for Pakistan and Balochistan❤🇵🇰
Good for Pak ARMY, not for Balochistan's people. not for rest of Pakistan
@@HassanSaeed-ke9kx So true and so obvious, I was just about to write the same ! How can the average Pakistani even think the nations wealth will benefit the people rather than the army and ruling elite as it has always done as far back as the birth of the nation.
Request to Dawn News to help Government in organising Gems & jewellery Exhibition in Pakistan
Golden opportunity for Pakistan.
Barrick is one of the best companies in the entire world
Mark is very informative about the project and the region and the country Pakistan. Wow! Amazing person
He's been working on the same already.
Pakistan has a lot of resources but has that changed n improved the lives of general Public local Pakistanis ? No not at all
Be positive and hope ordinary people will be benefiting in the future.
Ammar H Khan@Dawn news excellent Job!!!
Interesting interview, much informative ❤❤
Good interview. Very interesting insights. Thank you Dawn and Ammar.
Mali took control of Barrick gold mines just yesterday.
Amazing interview. Pleasantly surprised by the diversity of the questions and the clarity of the answers. Great work Ammar and Dawn!
Big nonsense you are Pakistan will get nothing out of it
Pakistan seems unable to do anything on its own.
Very well said
Why we aren't consulting Mali for cheaper mining and better incentives.....?
am from Quetta currently studying in the turbat university I agreed with him.
our province needs more development . its time to extract the materials fast to develop us fast.
Proud to be a Pakistani Baloch.
Good deal for BALOCHISTAN ❤
Getting only 25percent which is very less
Wtf the barrick gold is getting 50%?
Must have been Zardari doing the bussiness with 10% commission
If zardari do dat den he will take 90 percent and leave 10 percent
pakistan should develop all remaining blocks independently...
yes thats what Mark was saying, they are setting up mining technology training centers in Pakistan, mainly for Baloch students, this was at the request of Pakistani political parties and the military. We want Baloch to win, so go ahead and learn mining and go help Balochistan and Pakistan. We from Punjab and KPK support you.
By local Pakistani companies
Alhamdulilah, the future of Pakkstan is so bright ❤
If Saudis are investing in the project, are they taking their pie from the share of Pakistan or from the Barrack's half?
Federal govt shares
Taking 50 share from Pakistan gov 25 percent share. Barrick gold share is not affected 50 percent
Following on from my previous comment, it can be seen that the PakGovt can finance its share of the mining investment at VERY low cost, and quite possibly for FREE, depending on the gold price appreciation in USD. This is exactly how Barrick will finance its share of the investment, since the logic is as applicable to them as it is to PakGovt. Next, instead of selling its share of the gold, PakGovt should store it as part of its national reserves.
If Pakistan is successful in joining BRICS, then these gold reserves will become EXTREMELY necessary for inter-BRICS trade. This is why India and other BRICS members, are repatriating their gold which is held overseas (Bank of England, Federal Reserve etc).
Thanks for sharing such an insight on Rich Deq project!! Unfortunately there has been baseless accusations and negative criticism in the past to bring bad name to Pakistan.
If pak army and establishment are capable they shud have make foji foundation profitable dat can pay for army salaries and for military equipment and Pakistan do not need to sell pia pak railway pak steel and many other national assets and do not need to give reko diq to Barrick gold.
Highly appreciated
Why they donot want to extract copper and gold in pakistan and instead export ore .This seems strange.
This gold excavated from earth as well as other resources are the people How you ignore them and entering into agreement with a government which is actually a custodian assuming the self ownership and deprived them from the benefits of their property rights .
Concentrate rights for lenders?
Thank you ❤, for investing here.
Abbay lauduuu 50% share le rhay
Gareeb awam ko kuch nahi milay gaa. 😢
Very good interview, loved it. Someone should monitor the market value of this company's shares in Australia
Was the host quizzing the guest? Because everything made sense! 🤣
very good project. Allow 10% of concentrate for local enterpreneurs to process concentrate..
All the gold will be produced in China where copper is recovered from concentrate.
Very bad contract 50% taken by Barrick gold, 25 % by Pakistan gov and 25 percent to baluchistan, why not pak army engineering core can do this project.
Ammar Khan knows only one word very well that is "that makes sense". Don't Dawn have any other better guy to have this interview? Totally hilarious.
74 billion dollars over next 37 years means roughly 2 billions a year. Give fifty percent to company, 1 billion is what Pakistan will have. Forget about fifty percent going to federal, this amount of 500 millions is surely not enough for Baluchistan. I wonder what the federal government will do with other half?
What a sheer waste of such a precious mining resourceqqq. A company getting 50% back and is neither interested to build copper and gold refineries and making other value added products. CEO is saying they are looking to take ore to either China or saudia for further treatment and value addition. This is the same thing many sub saharan countries have done and we know how devastating the result were for them. Buss ammar ko har baat main that make sense bolna aata hai.
@@amanulhaq9130 they have ripped off africans, but pakistan has good deal at 50 percent stake, in africa 20 percent is the maximum these comapnies allow the goverment to have.
i think pakistan might end up getting close to 60 percent of revenue especially if they tax profits above a certain price range. but barrick might delay that as long as possible because they might claim they want to recover their investment cost of biulding the mine before they start paying profut taxes, to be honest pakistan should earn way more that 74 billion thats possiblt the lowest range figure.
Host is Great
0:53 Sir I am sorry but my opinion is a different to the money comments and briefings ate the whole thing was anyone else, my language is pashto not a English so I request to all of them how are seen my comment, first of all I am a one corickion, sir I am shackles a seeing your programs, the Rico dice, gold main in Ony person give him to get a free advertising and strong have taking and this topic, but my experience and i vest on a one of the biggest, largest main, of the world has 3 position gold main at the home of my brother, pahton and Baluch, (Saindic gold main in Baluchistan, sorry to say way the Pakistane people blind minded to not see in his power of the good gifted to give him a late of the Big Big resources my, you and all country Pakistan, so I request to you that my people oneghocated, but the big blandar created, my country any powerful as the my Big brother, and same Mather father and ECT, more than say to seen all of my country resources tiff, gambler molanaa Saib all to the resedin in my country,
Why does Barrick get such a large 50% share for peanuts? A fair contract should be 20% Barrick Canada and 80% for Balochistan Pakistan. Transport of mineral ore by rail will not provide employment to the people of Balochistan and Pakistan. The ore should be processed in Balochistan Pakistan to create employment for local population. This is NOT a fair contract for the people of Balochistan and Pakistan. It is a ripoff via contract manipulation resulting in excessive ownership by the international mining companies.
get yourself educated learn how minning contracts works and also investigate how much money barak is putting in line before even a penny worth of copper they will extract. thanks
Also if you read the detailed report, dawn has laid down a plan how in future the value addition market will be created once the mine is mature
That man told u about the poor population and the poverty of that provice,what
Mark Bristow , ❤
Leave Balochistan Freedom Balochistan
اردو ترجمہ کے ساتھ
انا اختك من فلسطين وهاذا القناة مصدر رزقنا انا واخوني الايتام لاكن ينقصني الكثير من المش تركين………√>¢>√>¢√>¢>√¢>√
Finally, after the development of Reckodiq gold, Pak army generals🇵🇰 and politicans will be able to buy bigger houses in UK 🇬🇧 and pakistanis would still be dying in poverty and low wages.
WHAT'S New IN THAT IN ta wieve.
This is economic imperialism
Just mining your natural resources and exporting the ore alone won't give you maximum returns. The countries that import the ore will make more money than the exporter. Create jobs with copper refineries and industries that use copper for export. Else this is a waste of effort. Just some peanuts which will be depleted within the year. Act soon or miss the bus again and again and again. Time to prove that you can do it
Azeem sahib you seem to have very little knowledge about mining and minerals and specially that of copper mining and processing. A little knowledge is a dangerous thing... and making sweaping statement by your like people's is weird and hellerios to say the least
Azeem Sona sahib you don't seam to be a qualified person to give verdict or opinion on such an intricate scientific issue
❤❤🇵🇰🇵🇰
Very poor interview. Ammar kept hammering Bristow on Energy (which is his expertise) instead of focusing on impact on local population, mining industry in Pakistan, what it means for the economy, focussing on problems with Barrick itself (Mali and PNG) etc. and what it means for the project. Very low research done in the interview.
always negative, always crying and never trying.... some ppl do nothing but complain.
F A pass pak Army Generals can not do any thing.
❤️🇵🇰❤️🇵🇰❤️🇵🇰❤️🇵🇰
Good for Nothing
MR AMMAR,let me ask u a ❓ question,by the rekodek,is in ur country by the way u r asking the ceo about ur reservoir's, aren't u ashamed .ur interwiev was just a garbagethere was nothing new ,nothing special and nothing technical.
🇵🇰
Too ambitious and dangerous unless the House of Saudi get on board.
Pakistan government will give their share of 25 percent to saudi or share within dat.
Really nice to hear positivity in this troubled world, Mark is right we need more positive cooperation in the world, there is too much conflict and terrorism. My only concern is India backing the Taliban and BLA to make mischief, they will blow up the rail lines and not allow Balochistan to develop.
The interviewer is terrible, focusing on micro instead of macro questions.
پاکستان کو اس سے کچھ بھی نہی ملے گا یہ کمپنیاں سب لوٹ کر خالی کے لے جاہین گے معاہدے بہت ھی کمزور ہیں جو ان کمپنیوں کی ضرورت کے مطابق بناے گیے ہیں ہم اک بدقسمت قوم ہین ج و چورون کے ہاتھوں پھنسی ھے
to extract these metels you need technology and experties and people like you will never get that level of technology because it's based on eduction and science that pople like you cannot if you are given opporutnity you will do the same to sell these mines to chineeses or companies like Reqodic and beg for some pennies, so bro stop you FILMI dialogs and become practical
Mansoor ahmad sahib km ilm logon ko itnay scientific aur technical matters pr ftway denay se pehlay apnay knowledge pr nzr rkhnay ki zroorat hoti hy ... Jo ap mn nzr nai ay
Sweaping statement by an unqualified person
Kash ap parhay likhay hutay Tu aesi negative observation na daytay .
Keep off your negative comments. Muskil s to koi company invest kar rhi hy