“Following the preliminary findings of the review and in light of the subsequent escalation in security issues in Pakistan and the Middle East, the company considers it necessary to further assess the potential impacts and delivery strategy,” the report quoted Barrick telling its Pakistani equity partners and the project’s local operator, News.Az reports, citing foreign media.
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Development activity will be slowed, with a correspondingly reduced project spend, for a 12-month period commencing in July, the miner added according to the report.
Barrick Mining did not immediately respond to Reuters’ request for comment.
