Mineral sector expert urges Pakistan to learn from China for resource exploitation

Pakistan desperately needs to have a well-established mining industry 

PESHAWAR: Pakistan’s mineral sector, with its vast untapped resources of precious metals, base metals, and Rare Earth Elements (REEs), has the opportunity for significant growth and development. 

To realize this potential, Muhammad Yaqub Shah, a mineral sector expert and member of the Sectoral Council for Marble, Granite, and Minerals under the Ministry of Finance said that Pakistan must learn from China, a global leader in the mining industry. 

“Pakistan desperately needs to have a well-established mining industry to tap into a great variety of precious, semiprecious and strategic minerals/gemstones and industrial stones,” said Shah. He added that different precious and base metals such as gold, platinoid group of minerals, silver, copper, lead, zinc, cobalt, bismuth and nickel, apart from Rare Earth Elements (REEs), were unexplored in Gilgit-Baltistan (GB), Khyber Pakhtunkhwa (KP), Balochistan and other parts of Pakistan. 

He said embracing the Chinese mining model and incorporating their advanced value-addition techniques, Pakistan can revolutionize its mineral sector. This partnership will not unlock the wealth of minerals scattered across regions like Gilgit-Baltistan, Khyber Pakhtunkhwa, and Balochistan but also to create a multitude of job opportunities and drive economic growth.

The introduction of modern exploration techniques and mechanized mining, as seen in China, would enhance productivity and make the sector economically viable. This transformation is not just about mining; it’s about powering various industries, from food processing to electric power generation and construction, with a steady supply of essential raw materials.

Pakistan has identified eight key areas in Khyber Pakhtunkhwa (KP) for Rare Earth Elements (REEs) exploration, spanning a 200-kilometer stretch from Mansehra to the Pakistan-Afghanistan border. To unlock this potential, Pakistan seeks technical expertise, particularly from China.

In 2022, China contributed 10% of global gold production and 43.3% of refined copper production. China’s mining production is on the rise, with a 1.50% increase in June 2023 compared to June 2022, and a projected 4.10% growth by year-end.

By adopting China’s mining model and value-addition framework, Pakistan aims to establish numerous mining and value-addition units across the country. This transformation extends to industries such as food processing, electricity generation, and construction, all dependent on a stable supply of raw materials.

Currently, Pakistan operates approximately 5,000 mines employing 30,000 people, with an additional 50,000 small and medium-sized enterprises linked to the sector. To enhance productivity and economic viability, modern exploration techniques and mechanized mining are vital for Pakistan’s mineral sector.

 

Aziz Buneri
Aziz Buneri
Aziz Buneri covers financial, social, political and regional issues for Pakistan Today and Profit. He can be reached at [email protected]

4 COMMENTS

  1. itter Blocks Removed Controversy

    Default (GPT-3.5)

    User
    Give me short answer about this topic””Social media company X, formerly known as Twitter, will remove a protective feature that lets users block other accounts, owner Elon Musk said on Friday in another controversial move for the company he bought last year.

    The block function on X allows a user to restrict specific accounts from contacting them, seeing their posts or following them.

    “Block is going to be deleted as a ‘feature’, except for DMs,” Musk said in a post on the platform, referring to direct messages.

    He said X would retain the mute function, which screens a user from seeing specified accounts but, unlike blocking, does not alert the other account to the action.
    The billionaire owner has described himself as a free speech absolutist, but some critics have said his approach is irresponsible. Researchers have found an increase in hate speech and antisemitic content on the platform since he took over, and some governments have accused the company of not doing enough to moderate its content.

    Removing or limiting the block feature might bring X into conflict with guidelines incorporated by Apple’s (AAPL.O) App Store and Alphabet’s (GOOGL.O) Google Play.
    Apple says apps with user-generated content must have the ability to block abusive users. Google Play Store says apps must provide an in-app system for blocking user-generated content and users.

    X, Google and Apple did not immediately reply to requests for comment.

    Responding to a post from anti-bullying activist Monica Lewinsky urging X to keep the “critical tool to keep people safe online”, Chief Executive Linda Yaccarino defended Musk’s move.
    “Our users’ safety on X is our number one priority. And we’re building something better than the current state of block and mute. Please keep the feedback coming,” Yaccarino posted””

    ChatGPT
    Social media company X, formerly Twitter, will remove the block feature, except for direct messages, according to owner Elon Musk. This move has sparked controversy due to concerns about safety and moderation. Musk’s free speech stance has raised criticism, as hate speech and antisemitic content have increased on the platform. The decision might clash with guidelines set by Apple’s App Store and Google Play Store. X’s CEO, Linda Yaccarino, mentioned they are working on an improved solution and prioritize user safety.

    User
    Give me short answer about this topic”Pakistan’s mineral sector, with its vast untapped resources of precious metals, base metals, and Rare Earth Elements (REEs), has the opportunity for significant growth and development.

    To realize this potential, Muhammad Yaqub Shah, a mineral sector expert and member of the Sectoral Council for Marble, Granite, and Minerals under the Ministry of Finance said that Pakistan must learn from China, a global leader in the mining industry.

    “Pakistan desperately needs to have a well-established mining industry to tap into a great variety of precious, semiprecious and strategic minerals/gemstones and industrial stones,” said Shah. He added that different precious and base metals such as gold, platinoid group of minerals, silver, copper, lead, zinc, cobalt, bismuth and nickel, apart from Rare Earth Elements (REEs), were unexplored in Gilgit-Baltistan (GB), Khyber Pakhtunkhwa (KP), Balochistan and other parts of Pakistan.

    He said embracing the Chinese mining model and incorporating their advanced value-addition techniques, Pakistan can revolutionize its mineral sector. This partnership will not unlock the wealth of minerals scattered across regions like Gilgit-Baltistan, Khyber Pakhtunkhwa, and Balochistan but also to create a multitude of job opportunities and drive economic growth.

    The introduction of modern exploration techniques and mechanized mining, as seen in China, would enhance productivity and make the sector economically viable. This transformation is not just about mining; it’s about powering various industries, from food processing to electric power generation and construction, with a steady supply of essential raw materials.

    Pakistan has identified eight key areas in Khyber Pakhtunkhwa (KP) for Rare Earth Elements (REEs) exploration, spanning a 200-kilometer stretch from Mansehra to the Pakistan-Afghanistan border. To unlock this potential, Pakistan seeks technical expertise, particularly from China.

    In 2022, China contributed 10% of global gold production and 43.3% of refined copper production. China’s mining production is on the rise, with a 1.50% increase in June 2023 compared to June 2022, and a projected 4.10% growth by year-end.

    By adopting China’s mining model and value-addition framework, Pakistan aims to establish numerous mining and value-addition units across the country. This transformation extends to industries such as food processing, electricity generation, and construction, all dependent on a stable supply of raw materials.

    Currently, Pakistan operates approximately 5,000 mines employing 30,000 people, with an additional 50,000 small and medium-sized enterprises linked to the sector. To enhance productivity and economic viability, modern exploration techniques and mechanized mining are vital for Pakistan’s mineral sector””

    ChatGPT
    Pakistan’s mineral sector holds significant growth potential with untapped resources of precious metals, base metals, and Rare Earth Elements (REEs). To realize this, expert Muhammad Yaqub Shah suggests Pakistan learn from China’s successful mining industry. By adopting China’s techniques, Pakistan can tap into its vast mineral resources, generate jobs, and boost economic growth. Modern exploration and mechanized mining, similar to China’s practices, could enhance productivity and make the sector economically viable. Pakistan aims to establish mining and value-addition units across the country, powering various industries with essential raw materials. Currently, Pakistan has identified key areas for REEs exploration and seeks technical expertise from China.

  2. Pakistan’s mineral sector holds significant growth potential with untapped resources of precious metals, base metals, and Rare Earth Elements (REEs). To realize this, expert Muhammad Yaqub Shah suggests Pakistan learn from China’s successful mining industry. By adopting China’s techniques, Pakistan can tap into its vast mineral resources, generate jobs, and boost economic growth. Modern exploration and mechanized mining, similar to China’s practices, could enhance productivity and make the sector economically viable. Pakistan aims to establish mining and value-addition units across the country, powering various industries with essential raw materials. Currently, Pakistan has identified key areas for REEs exploration and seeks technical expertise from China.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

Govt implements new financial controls to manage public funds

New rules aim to consolidate funds and reduce fiscal deficit, aligning with international financial guidelines