Mineral Project Will Give 16% More Profit If Run By Pakistan-- Dr Samar

Dr Samar Mubarak has submitted feasibility report approved by the commission and his own written statement about the Recko Dek Project to the Supreme Court. The documents include the comparative statement of the Pakistani experts and those of the foreign company Tythayan Copper Ltd about the feasibility of the project, different maps and the slides. Supreme Court will hear the case on Tuesday. Dr Samar Mubarak said in his report that according to the TCC the estimates of the mineral reserves are $104 Billion, while according Dr Samar the value of the metals are far more than company's estimates. TCC in its report says that out of $104 Billion the net profit will be $30 billion and 500 million after paying the taxes. Baluchistan will receive 25 $ share that amounts to $7 billion and 625 million, while 2 % royalty will be $ 2 billion and 80 million The actual amount of the cash Baluchistan government will get after 56 years mining amounts to $ 8 billion 970 million when the loans worth $600 million will be returned and two different deductions on profit will be done. And this amount will be paid annually at the rate of $160 million. TCC will mine 0.11 million metric tonnes per day. Dr Samar says that according to the approved proposal by the federal government, plant can be installed in Baluchistan out of its funds. While government has the funds available too. If Pakistan government starts work on its own installed plant, the annual profit will be $32 and one million after the expenditure of $90 million.