A Canadian company has expressed interest in investing in the exploration and mining of the precious natural resources of Khyber Pakhtunkhwa. The mining and exploration are to be done in accordance with international standards.
The offer was made during meeting of a delegation of Tytan Copper with the KP Caretaker Minister. The chairman of the Canadian company, David Michal Thompson, was leading the delegation. The meeting between Tytan Copper and Minister KPK, Dr. Aamir Abdullah, was held in the civil secretariat earlier this week.
Secretary Mines and Mineral Department Hamidullah Shah and Director (Exploration) Mohammad Aamir, as well as other concerned authorities, were also present on the occasion.
During the meeting, the officials of the company told the caretaker minister about various aspects of their activities in the mineral sector. They also expressed their interest in making investments in the mineral sector, particularly in the copper reserves.
The Provincial Minister for Industries, Commerce and Technical Education termed their interest in investment in the mining sector as welcoming. He assured them of the provision of all possible facilities for them.
Dr. Amir told the delegation that the Khyber Pakhtunkhwa Board of Investment and Trade (KP-BoIT) is a facilitation organization. It will provide them with full facilities. He said that the provincial government is establishing a mineral specified industrial zones in the mineral rich areas to facilitate investors at the local level.
The delegation was also given a briefing on investment opportunities at various places and availability of natural resources as well.
Pakistan has an estimated $6 trillion worth of mineral deposits. This compels a large number of Canadian companies to show interest in exploring potential of mining opportunities. Mr. David Thompson, Chairman of Tytan Copper Corporation, said that after the huge success of the Pakistan Mineral Summit, they have decided to enter and explore the huge potential of Pakistani mineral resources. They would like to have support and facilitation from the Government of Pakistan. Previously, they have shown interest in mining and exploring minerals in Balochistan province.