Mari Mining Gets Mineral Licenses for Exploration in Balochistan

Mari Mining Gets Mineral Licenses for Exploration in Balochistan

Karachi, July 3, 2024 – Mari Mining Company Private Limited announced on Wednesday that it has secured mineral exploration licenses in Chagai, Balochistan. The company, a wholly-owned subsidiary of Mari Petroleum Company Limited (MPCL), disclosed this development in a communication shared with the Pakistan Stock Exchange (PSX).

The Directorate General Mines & Minerals Balochistan granted two exploration licenses, EL-322 and EL-323, to Mari Mining. These licenses cover areas of 501.03 square kilometers and 512.76 square kilometers, respectively, in District Chagai. This strategic move marks a significant expansion of Mari Mining’s operational footprint in the region.

MPCL established Mari Mining Company to pursue mineral mining projects across Pakistan. The acquisition of these new licenses is a testament to MPCL’s strategy to broaden its mining portfolio and underscores its dedication to bolstering the country’s mineral mining sector.

The mineral-rich region of Chagai is known for its substantial deposits, making it a focal point for mining activities. The new licenses will allow Mari Mining to explore and potentially develop these resources, contributing to the economic growth of Balochistan and the wider national economy.

This development aligns with MPCL’s long-term vision of leveraging its expertise in energy and resource management to drive growth and diversification. The company’s expansion into mineral exploration and mining is part of its broader strategy to enhance its role in the natural resources sector.

The grant of these exploration licenses is expected to open up new opportunities for Mari Mining, enabling it to tap into the rich mineral resources of Chagai. This move not only supports the company’s growth ambitions but also plays a crucial role in the development of Pakistan’s mining industry.

MPCL’s continued investment in the mining sector highlights its commitment to contributing to the economic prosperity of Pakistan. By exploring and developing mineral resources, Mari Mining aims to create value for its stakeholders and support the sustainable development of the regions in which it operates.

As Mari Mining embarks on this new venture, the focus will be on conducting thorough exploration activities to assess the potential of the licensed areas. The success of these projects could significantly boost the mineral output of Pakistan, reinforcing the country’s position in the global mining industry.