PPL gets mining lease deed

MG News | December 13, 2021 at 11:04 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

December 13, 2021 (MLN): Pakistan Petroleum Limited (PPL) has been granted a large scale mining lease for Lead and Zinc, in district Khuzdar, by the Government of Balochistan (GoB), the company filing on PSX revealed today.

In this regard, a large-scale mining lease deed has been executed, for large scale mining and the establishment of a Lead-Zinc processing plant in district Khuzdar, Balochistan over an area covering 30 Sq.km (7413.16 acres). The lease is valid for a term of thirty years and shall be operated by Bolan Mining Enterprises, a 50:50 Joint Venture between PPL & GoB.

The estimated reserves of barite, lead and zinc are 69 million tonnes as per bankable feasibility by a renowned German Consultant, over a portion of the leased area.

The project would entail open pit mining with an ore beneficiation/process plant. Positive cash flows are expected from year 3 while the estimated project life is 32 years, the notice said.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	167,970.66 232.94M	-1.49% -2541.20
ALLSHR	101,619.88 568.01M	-1.53% -1583.92
KSE30	50,088.38 75.22M	-1.48% -750.85
KMI30	239,957.11 86.73M	-1.35% -3288.50
KMIALLSHR	65,918.14 290.52M	-1.46% -974.01
BKTi	46,692.31 37.36M	-1.72% -817.24
OGTi	34,451.19 11.52M	-0.97% -338.00

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	79,010.00	79,135.00 76,375.00	1580.00 2.04%
BRENT CRUDE	106.07	109.80 105.17	1.46 1.40%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	3.40 2.69%
ROTTERDAM COAL MONTHLY	140.00	0.00 0.00	0.95 0.68%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	101.65	104.95 100.79	1.60 1.60%
SUGAR #11 WORLD	18.16	18.39 17.96	0.01 0.06%