I just got this news got disappointed and frustrated. No wonder FRIENDS of Pakistan are helping on these conditions, by pushing Pakistan to lease or sell its assets on literary Throw Away Prices.
The website says,
"The financial benefits that might accrue from the Reko Diq site are overcoming these concerns. Rights to the nearby Saindak copper project, in the same district of Chagai, have already been sold to the Chinese on a 10-year lease.
Critics say that the government in Islamabad blundered by selling what may be the world's biggest untapped copper and gold deposits, worth over $100 billion, to foreign mining firms at a throwaway price, to the disservice of the people of the country's most backward province and economy."
Here is a complete link to the story
My watchful eye on copper and gold and learning of last 3 years has taught me, Copper and Gold prices will double in next 3 years due to global financial crisis.
I am a student in this field wondering what the big brains and advisers are doing in their offices in Pakistan who can;t see the future global demand and supply trends.