Global lenders secure $3.5bn debt package for Reko Diq

In a major boost for Pakistan’s biggest mining scheme, half of the $3.5 billion debt required for the Reko Diq copper-gold project has been secured after the US Export–Import (EXIM) Bank approved a $1.25 billion facility, The News reported. Officials now expect to achieve full financial close on the $7.7 billion venture in the first two weeks of December, ahead of a Reko Diq Mining Company (RDMC) board meeting on December 9, where final approval is considered likely.