Balochistan- June 26, 2025: In a powerful display of industrial diplomacy, Japanese multinational Komatsu has signed a $440 million equipment deal with Barrick Gold Corporation to support the Reko Diq copper-gold mine in Balochistan. Under the agreement, Komatsu will launch a local subsidiary — Komatsu Pakistan Mining (SMC-Private) Limited — to provide on-ground support and technical services.
This collaboration marks a major vote of confidence in Pakistan’s business climate following the revival of the Reko Diq project. It also signals deeper intra-Asian industrial cooperation at a time when regional development is gaining momentum. The equipment package includes 980E-5 haul trucks from Illinois, P&H rope shovels from Wisconsin, PC7000-11 excavators from Germany, and WE2350-2 wheel loaders from Texas.
Tech Transfer, Youth Training, and Local Jobs
Importantly, Komatsu’s entry goes far beyond machinery. The company will generate local employment, establish vocational training programs, and expose Pakistani workers to advanced mining technologies. As a result, Balochistan’s youth will gain technical skills and long-term employment opportunities.
Moreover, this initiative promotes capacity-building. Komatsu aims to train engineers and technicians through hands-on experience with global-grade tools. It will also support infrastructure development, allowing local communities to benefit both socially and economically. In short, this isn’t just a corporate deal — it’s a strategic investment in Pakistan’s human capital.
Reko Diq, located near Pakistan’s western border, holds one of the world’s largest untapped copper-gold reserves. The joint venture structure includes Barrick Gold (50%), the federal government (25%), and the Balochistan government (25%). Construction will begin in 2025, with production expected to start in 2028.
A Strategic Shift in Regional Investment
Notably, this partnership aligns with Japan’s broader strategy of engaging South and Central Asia through infrastructure and industrial ties. For Pakistan, it enhances international credibility and positions the country as a stable, resource-rich partner.
Furthermore, Komatsu’s decision to establish a base in Pakistan reflects long-term commitment. By embedding its operations locally, it is not only supporting the mine — it is helping shape a sustainable economic ecosystem.
Ultimately, this deal brings industrial diplomacy to life and lifts Pakistan’s standing in global investment circles.
