Pakistan Mineral Development Corporation

Mining company in Pakistan

The Pakistan Mineral Development Corporation (PMDC) (Urdu: ہیَت پاکستان برائے معدنی ترقی) is a semi-autonomous corporation attached to the Ministry of Petroleum and Natural Resources, of the Government of Pakistan. It was created in 1973 with an authorized capital of Rs.1,000 million (approximately 10 million U.S. dollars) to expand and help mineral development activities in the country.^[1]

PMDC headquarters are in Islamabad. The company operates salt mine/quarries, coal mines and a silica sand quarry. This company conducts exploration of mineral deposits and prepares technical and economic feasibility reports. When needed and appropriate, it goes ahead and actually mines and markets the minerals in Pakistan.^[2]

Recent developments

In October 2021, the Imran Khan government announced plans to take "radical and innovative measures for uplift of the minerals sector with coordinated efforts of all stakeholders including provincial authorities".^[1] A senior Pakistani government official said, "The country is blessed with 92 minerals, out of which 50 are exploited on commercial basis. The new initiatives will greatly help exploit true potential of this sector".^[1]

This official also announced that the federal government had already established the 'Balochistan Minerals Exploration Company Limited' (BMEC) as a joint venture with the Government of Balochistan (Pakistan) to promote mining in the mineral rich province of Balochistan.^[1]

Additionally, a restructuring of Geological Survey of Pakistan (GSP) was underway for better service to help explore more mineral resources in Pakistan.^[1]

References

^ ^a ^b ^c ^d ^e Govt takes stringent measures for uplift of minerals sector The Nation (Pakistani newspaper), Published 13 October 2021, Retrieved 15 November 2021
^ Ahmad Ahmadani (13 April 2020). "Mineral Development Corporation approves 'lucrative package' for newly appointed MD". Pakistan Today (newspaper). Retrieved 15 November 2021.