By Admin 
Project Vault: America has announced an investment of $ 1.3 billion in Pakistan’s Reco Deeq Khan. This investment is part of America’s new plan Project Vault. The objective of this scheme is to reshape the market of essential minerals and rare metals across the world.
The US State Department gave this information on Wednesday. Reko Diq, which is located in the Balochistan province of Pakistan, is considered to be one of the largest gold and copper deposits in the world. According to the State Department, under Project Vault, America has invested only in this place outside the country.
Donald Trump had announced in February
Project Vault was announced by Donald Trump on February 2, 2026. This initiative is being run under the leadership of the President of the American Export-Import Bank (EXIM). Under this scheme, EXIM has approved a loan of 10 billion dollars for this project, which is one of the largest loans in the history of this federal agency. In the last one year, EXIM has issued letters of interest worth $14.8 billion for important mineral projects. Many deals have been made under this, which also includes an investment of 1.3 billion dollars in Pakistan.
Other investments in America
Several other investments have also been made in the US under Project Vault:
- A $10 billion plan, which will serve as the US Strategic Critical Mineral Reserve.
- $27.4 million for titanium, nickel and advanced metal powders in Pennsylvania.
- $23.5 million for advanced materials and critical metals processing in Tennessee.
- $15.9 million for zinc mining and production in New York.
- $11.1 million for titanium processing and manufacturing in Virginia.
Of all these, Pakistan is the only country where America has invested outside its country.
About Reko Deek Khan
Reko Diq Mine, located in Balochistan, Pakistan, is one of the world’s largest copper and gold reserves. According to the report, there are about 5.9 billion tons of ore in this area, which contains 0.41% copper and about 41.5 million ounces of gold. The Reko Diq area is part of the Chagai mountain range of Balochistan, which extends between the Quetta-Taftan railway line and the border with Afghanistan. This area is considered to be one of the old volcanic areas.
History of legal dispute
In 2011, Reco Diq Khan became the center of a major legal dispute. This dispute took place between Pakistan and Thethyan Copper Company (TCC). TCC was a partnership between Chile’s Antofagasta and Canada’s Barrick Gold. The allegation in this case was that the Australia-Pakistan investment agreement was violated and mining rights were wrongly given to TCC.