Pakistan: PPL’s BLZ project to generate $144m annually
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
The Baryte, Lead, and Zinc (BLZ) Project, a joint venture between Pakistan Petroleum Limited (PSX: PPL) and the Government of Balochistan, is set to become a major revenue driver, with average annual earnings projected at $144 million over the life of the mine.
According to the company, the project holds a Net Present Value (NPV) of $356m and an expected mine life of 32 years.
The venture is currently in the development phase, following a Bankable International Standard Feasibility Study conducted in 2019 by DMT, Germany.
Operated by PPL’s mining arm, Bolan Mining Enterprises (BME), the project covers mining areas in District Khuzdar, including recently incorporated Mining Lease No. 16 for Lead and Zinc.
PPL will also extend financial support for GoB’s capital share through its cashflows, reinforcing the company’s commitment to regional development.
Additionally, the project aims to generate local employment by giving preference to Khuzdar residents, in line with the joint venture’s social responsibility goals.
The BLZ Project stands out as a flagship initiative in Balochistan’s mineral development landscape, combining commercial potential with local empowerment.
Reference Link:- https://mettisglobal.news/ppls-blz-project-to-generate-144m-annually/
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
