Company Is Dictating Pakistan Govt For Signing The Agreement On Its Own Conditions

Tethyan Copper has estimated the reserves of EL-5 of Ricko Dek yet while company had the exploration rights of EL-6 and EL 8 too. Company wants guaranties of the International guarantees before its agreement for the exploration expires, so that with this new agreement any hindrance may not occur or stay-order from the court may not be issued. At present all the necessary documents, statistics, feasibility report and agreement copies of the Ricko Dek Reserves are with the companies or in the hands of some high personalities of the Baluchistan government and nobody else has access to these. A worker of the company disclosed that $ 500 Billion are the estimate of 7 % of the exploration of EL-5 onlyRaza Kazim advocate said that this agreement is not clean there is some thing wrong because inclusion of some specific clauses and keeping all the documents secret means that thee is no transparency in this draft. Company has prepared the draft and wants to finalize it soon. He urged the people, media and politician to raise their voice against the agreement, otherwise nation will lose trillion of dollars. He further told that no other twelve leading companies of the world were contacted and neither tender were invited nor any consultant was contacted. The agreement is being signed with only one company. Raza Kazim added that before this an agreement was signed with other during 1993 company who sold the its rights to another company for $60 which again sold the rights to third company for $240. So instead of doing the exploration work companies started to sell the rights ahead for their benefit. This company may sell too the rights for which it has included the clause already in the agreement. The feasibility report that is composed of 23 volumes and summary consists of 3 volumes is kept secret. The supreme court is hearing the case.