Thursday, December 14, 2006

PAKISTAN: Development plans for proposed $1,000,000,000 copper/gold mine project, TETHYAN COPPER CO. LTD. (TCC)

Australia-based TETHYAN COPPER CO. LTD. (TCC) recently completed a $10,000,000 project feasibility study regarding a copper mine at Reko Diq, located in Balochistan, Pakistan. As a result, the company is now gearing-up to invest $1,000,000,000 in the project during the next 5 to 10 years in order to develop the mine and export the finished products.

According to David Moore, TCC Managing Director, his company will initially invest $130,000,000 in the development project. The purpose of the investment is to explore and develop the cooper and gold resources. The property reportedly .