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The Tethyan Eurasian metallogenic belt “will be the new Andean trade,” said Bristow, referring to the South Asian region where Barrick is exploring. “It’s got a huge endowment.” Barrick owns assets at both ends of that belt — the Porgera gold mine in Papua New Guinea and the Reko Diq copper-gold mine in Pakistan.
Indonesia, Southeast Asia’s largest economy, has an abundance of resources including nickel, copper and gold that have made it a major player for projects critical for electric vehicle production and precious metals. The country has also been pursuing policies designed to keep that mineral wealth within its borders by restricting exports and encouraging more processing at home.
(By Jacob Lorinc)
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