PPL and DEW Joint Venture in Balochistan Mining

Pakistan Petroleum Limited (PPL) has taken a significant step towards diversification by entering into a Joint Venture Agreement with Degan Exploration Works (DEW), a subsidiary of Frontier Works Organization (FWO), to conduct mineral exploration in the EL-207 Block located in District Chagai, Balochistan. This collaboration signifies PPL's commitment to expanding its operations into the mining sector and strengthening its presence in Balochistan.

The agreement, signed by key representatives of PPL and DEW, focuses on exploring the mineral resources in the EL-207 Block, which is known for its promising porphyry-type deposits, particularly copper and gold. This partnership is expected to bring about a positive transformation in the mining industry in Balochistan, tapping into the region's abundant mineral reserves.

Prior to this agreement, PPL had established a Memorandum of Understanding (MoU) with FWO to facilitate cooperation on the EL-207 Project. The signing ceremony, held in Islamabad and attended by various stakeholders and company officials, highlights the strategic significance of this initiative.

This long-term partnership between PPL and DEW in the mineral-rich Chagai metallogenic belt sets the stage for future advancements in the mining sector, ushering in a new era of growth and exploration in Balochistan.

The collaboration between PPL and DEW in exploring the mineral potential of Balochistan's EL-207 Block not only signifies a strategic move for both companies but also holds promise for the economic development of the region. This partnership underscores the importance of sustainable resource exploration and responsible mining practices, paving the way for a brighter future for Balochistan's mining industry.