Ivanhoe Atlantic Signs Deal with Pakistan’s Mari Minerals to Explore Copper and Gold
Ivanhoe Atlantic Signs Mining Exploration Agreement with Pakistan’s Mari Minerals to Develop Copper and Gold Resources
US-based mining company Ivanhoe Atlantic has signed a memorandum of understanding (MoU) with Pakistan’s Mari Minerals, a subsidiary of Mari Energies, to establish a joint venture focused on exploring copper, gold and other mineral resources in Pakistan’s Balochistan province.
The agreement marks a significant step in Ivanhoe Atlantic’s international expansion as the company seeks to unlock new mineral resources in one of Asia’s promising but relatively underexplored mining regions.
Under the proposed partnership, Ivanhoe Atlantic will lead exploration activities, combining its international technical expertise with Mari Minerals’ local knowledge and operational experience.
Partnership Targets Balochistan’s Mineral Potential
Balochistan is home to substantial copper and gold resources, including the Reko Diq deposit, one of the world’s largest undeveloped copper-gold projects.
The proposed joint venture will focus on identifying new mineral deposits through modern exploration techniques, with both companies aiming to establish a long-term presence in the region.
The agreement remains subject to definitive contractual arrangements and regulatory approvals before exploration activities can proceed under the joint venture.
Pakistan Seeks to Attract More Mining Investment
The partnership comes as Pakistan intensifies efforts to attract foreign investment into its mining industry, particularly in copper and other strategically important minerals.
Ivanhoe Atlantic, which is associated with mining entrepreneur Robert Friedland, is seeking to expand its exploration portfolio beyond Africa.
Mari Minerals will contribute local expertise and support the development of exploration opportunities in Balochistan.
The companies have also identified responsible mining practices, local employment and community development as important priorities.
If successfully implemented, the partnership could support Pakistan’s efforts to expand its mineral resource base while strengthening international cooperation in the critical minerals sector.
