Pakistan, Turkey Sign Deal to Explore Antimony, Gold and Copper

Pakistan Mineral Development Corporation (PMDC) and Türkiye's MTA International Firm (MTAIC) have signed a term sheet to jointly explore and develop antimony, copper, gold, silver, molybdenum, and other minerals in Pishin, Balochistan.

Key points

• The agreement, signed in Islamabad on October 16, 2026, covers Exploration License EL-318, spanning 498.82 square kilometers.
• The partnership additionally forms part of expanding economic cooperation between Pakistan and Türkiye under the High-Level Strategic Cooperation Council framework.
• The two sides aim to finalize definitive agreements by December 31, 2026.
• The signing ceremony took place at PMDC's head office in Islamabad, with Türkiye's Ambassador to Pakistan, Dr.
• PMDC is a wholly government-owned firm operating under the Ministry of Energy's Petroleum Division.

In practice, the agreement, signed in Islamabad on October 16, 2026, covers Exploration License EL-318, spanning 498.82 square kilometers. The project will involve mineral exploration, mining, processing, and marketing. Govt Is Comparing Import Duties Incorrectly.

Under the proposed arrangement, PMDC, MTAIC, and a designated entity of the Balochistan administration will establish a joint venture business in Pakistan. MTAIC will serve as the operator, providing exploration technology and international expertise, with exploration activities planned in line with international JORC standards.

In practice, the two sides aim to finalize definitive agreements by December 31, 2026. While the final agreements remain to be completed, the term sheet sets out the proposed partnership.

Antimony is a critical mineral applied in defense equipment, flame retardants, batteries, metal alloys, and electronics. The project is projected to attract foreign investment, introduce modern mining technology, create local jobs, and backing economic development in Balochistan.

Notably, the partnership additionally forms part of expanding economic cooperation between Pakistan and Türkiye under the High-Level Strategic Cooperation Council framework.

For context, the signing ceremony took place at PMDC's head office in Islamabad, with Türkiye's Ambassador to Pakistan, Dr. İrfan Neziroğlu, attending as chief guest.

PMDC Managing Director and CEO Engr. Asad Ahmad and MTAIC General Manager Dr. Nail Yıldırım signed the term sheet in the presence of senior authorities from both organizations.

PMDC remarked the partnership would expand its portfolio into critical and precious metals.

Ahmad remarked the venture would combine PMDC's geological knowledge and mining experience with MTAIC's exploration expertise to develop Pakistan's mineral resources, attract investment, and create employment opportunities in Balochistan. PM Furious Over Delays in Gemstone Projects.

PMDC is a wholly government-owned firm operating under the Ministry of Energy's Petroleum Division. Its mandate includes mineral exploration, mining, processing, and marketing throughout Pakistan. Stay Connected with ProPakistani.

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