Barrick and Komatsu Reach $440 Million Equipment Deal for Pakistan’s Reko Diq Project

Barrick and Komatsu Reach $440 Million Equipment Deal for Pakistan’s Reko Diq Project

Barrick Mining Corporation, the operator of the Reko Diq Mining Joint Venture, has finalized a $440 million agreement with Komatsu for the delivery of primary mining equipment to the copper-gold Reko Diq project in Pakistan, with shipments beginning in 2026. This major deal not only represents Komatsu’s first large-scale mining equipment placement in the Middle East region, but also reflects the growing strategic partnership between the two industry leaders.

As part of this agreement, Komatsu will establish Komatsu Pakistan Mining Limited, a dedicated entity aimed at providing technical expertise and service support at Reko Diq. Furthermore, Komatsu will bolster operations at its Middle East headquarters in Dubai, ensuring that the project receives a robust and efficient support structure. These initiatives are key to supporting one of the world’s most significant greenfield mining developments.

The Reko Diq project represents a long-term investment in our future and that of mining in Pakistan, and our partnership with Komatsu is an important part of that vision,” said Mark Bristow, Barrick President and CEO.

Komatsu will deliver a full fleet of advanced mining machines to the site, including:

  • 980E-5 Ultra-Class Haul Trucks, manufactured in Peoria, Illinois, known for durability in tough terrains
  • P&H 4100XPC AC Electric Rope Shovels, built in Milwaukee, with high dig force and payload capacity
  • PC7000-11 Mining Excavators, from Düsseldorf, offering productivity and intelligent systems
  • WE2350-2 Electric Wheel Loaders, from Longview, Texas, which are the largest wheel loaders in the world, designed for high-volume, efficient material movement

Barrick and Komatsu have progressively expanded their global collaboration, previously delivering mining fleets to projects such as Lumwana in Zambia and the Nevada Gold Mines in the U.S. Their alliance was further cemented in October 2023 with a global framework agreement, reinforcing their commitment to long-term cooperation across mining projects worldwide.

The scale and complexity of Reko Diq demand high-performance, proven equipment, and we’re confident in Komatsu’s ability to deliver,” noted Peter Salditt, President of Komatsu’s Mining Business Division.

This collaboration is a testament to shared excellence, innovation, and our collective commitment to sustainable mining,” he added.

The Reko Diq mine, once operational, is projected to become a world-class source of copper and gold, playing a significant role in Pakistan’s economic development. Komatsu’s involvement underlines its dedication to delivering cutting-edge mining equipment and comprehensive operational support.

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