Canadian mining company Barrick Mining and Japanese equipment multinational Komatsu have entered into an agreement to supply key mining equipment for Barrick’s Reko Diq copper-gold project in Pakistan.
The $440 million deal marks Komatsu’s first major deployment of mining equipment in the Middle East, with deliveries scheduled to begin in 2026.
In connection with the deal, Komatsu intends to establish Komatsu Pakistan Mining, a new entity dedicated to providing services and technical expertise at Reko Diq.
Additional investments will also be made in Komatsu Middle East, headquartered in Dubai, UAE, to support an expanded equipment presence in the region. These investments will help ensure that Barrick has the resources it needs to operate effectively at Reko Diq. “The Reko Diq project represents a long-term investment in our future and that of mining in Pakistan, and our partnership with Komatsu is an important part of that vision,” said Barrick President and CEO Mark Bristow.
“The scale and complexity of this project demands proven, high-performance equipment, and we are confident our ultra-class haul trucks, electric rope shovels and other mining machines will meet the challenge,” said Komatsu mining business division president Peter Salditt.
Barrick and Komatsu have expanded their collaboration across multiple projects in recent years, following the successful acquisition of the fleet at Barrick’s Lumwana copper mine in Zambia and the Nevada gold complex in the United States. In October 2023, the two companies formalized a global framework agreement, laying the foundation for collaboration across multiple projects.
Hélène Tarin, Editor-in-Chief of the Asian Bureau, Rough&Polished
