MARI's MMC secures mineral exploration licenses in Balochistan's Chagai district

MG News | July 03, 2024 at 09:54 AM GMT+05:00

0:00

July 03, 2024 (MLN): The Directorate General Mines & Minerals Balochistan has granted two exploration licenses to Mari Petroleum Company Limited (PSX: MARI)'s wholly owned subsidiary Mari Mining Company (Pvt) Limited (MMC), the company's filing on PSX revealed today.

These licenses include EL-322 and EL-323, allotted areas of 501.03 sq. km and 512.76 sq. km, respectively, for mineral exploration in District Chagai of Balochistan.

It is pertinent to mention that MPCL established the MMC to undertake mineral mining projects within the country.

The grant of new licenses aligns with MPCL's strategy to expand its portfolio of mining projects and reflects its commitment to contributing to the growth of Pakistan's mineral mining sector.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	156,177.82 367.85M	-0.00% -3.12
ALLSHR	95,630.38 1,498.37M	-0.06% -60.44
KSE30	47,678.47 206.79M	-0.08% -35.92
KMI30	229,682.22 174.86M	-0.02% -39.87
KMIALLSHR	64,366.76 638.47M	-0.08% -53.31
BKTi	41,922.80 89.51M	-0.11% -46.72
OGTi	31,735.79 16.87M	-0.80% -255.97

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	116,550.00	116,595.00 116,115.00	725.00 0.63%
BRENT CRUDE	67.91	68.59 67.62	-0.56 -0.82%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	93.50	93.50 93.50	0.15 0.16%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.76	63.78 63.59	-0.29 -0.45%
SUGAR #11 WORLD	16.23	16.59 16.23	-0.33 -1.99%