Barrick Mining Corporation, operator of the Reko Diq Mining Joint Venture, and Komatsu have finalised a $440 million agreement for the delivery of primary mining equipment to the Reko Diq copper-gold project in Pakistan, with deliveries set to begin in 2026.
This contract marks Komatsu’s first major mining equipment placement in its Middle East territory and signals a deepening partnership between the two companies.
As part of its commitment to supporting Reko Diq’s operations, Komatsu will establish Komatsu Pakistan Mining Limited, a new entity dedicated to providing service and technical expertise at the site.
The company will also invest further in Komatsu Middle East FZE, its regional headquarters in Dubai, UAE, to support an expanded equipment footprint in the region.
These investments are intended to ensure Barrick has the resources needed to efficiently operate at what is considered one of the world’s most significant greenfield mining developments.
Barrick President and CEO Mark Bristow emphasised the strategic importance of the agreement, stating: “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.
“Komatsu equipment has proven its performance and reliability at our operations worldwide, and we are confident in their ability to support our goals at Reko Diq.
“We look forward to building on this strong relationship as we develop one of the world’s newest greenfield assets.”
The equipment package for Reko Diq includes 980E-5 ultra-class haul trucks manufactured in Peoria, Illinois; P&H 4100XPC AC electric rope shovels from Milwaukee, Wisconsin; PC7000-11 mining excavators from Dusseldorf, Germany; and WE2350-2 electric wheel loaders from Longview, Texas.
These machines are designed for high efficiency, longevity, and advanced data-driven performance in demanding mining conditions.
The deal builds on a history of collaboration between the two companies, following successful fleet acquisitions at Barrick’s Lumwana copper mine in Zambia and the Nevada Gold Mines complex in the United States.
In October 2023, Barrick and Komatsu formalised their partnership with a global framework agreement to deepen cooperation across multiple projects.
Peter Salditt, President of Komatsu’s Mining Business Division, commented: “Barrick is an important global partner for Komatsu, and we are excited to expand our relationship to support the development of Reko Diq.
“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.
“We look forward to continuing to work alongside Barrick to drive productivity and innovation in mining.”
Reko Diq is expected to become a world-class copper-gold mine, contributing significantly to the economic development of Pakistan.
Komatsu’s involvement underscores its commitment to supporting customers with comprehensive mining equipment and solutions to optimise their operations.
