KARACHI: Platinum Mining Company has signed Joint Venture agreement with government of Balochistan to develop country’s first mineral processing project at Balochistan Mineral Resource Limited (BMRL) office, Quetta.

Ismail Suttar President LCCI and represented Platinum Mining Company (Pvt) Ltd were present. 

In this mutual collaboration with BMRL represented by Saeed Sarpara, MD BMRL, to value-add and convert raw fluorite ore into acid grade calcium fluorite that will be sold as feedstock to many chemical industries established internationally. Caretaker Advisor on Mines and Minerals Balochistan Umair Mohammad Hasni was also present.

President LCCI said that after long and thoughtful brainstorming sessions with both office teams, we have carefully worded JV agreement that will be mutually beneficial for private sector company as well as government of Balochistan and most importantly to benefit SME sector at large.

Saeed Sarpara declared JV agreement as first of its kind that is not only restricted to mining but also explores avenues of value-addition and has identified this project worth of 3 billion rupees.

Umair Hasni congratulated PMC and BMRL and thanked Ismail Suttar for his unwavering support and efforts to develop this precious sector.

He said that they are working tirelessly to devise new mineral policy that will be investor friendly and will contribute positively to province and later to country as whole.

Published in The Daily National Courier, September, 02 2023

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