Lucky Cement Limited is stepping deeper into Pakistan’s mineral sector, committing up to Rs1.2 billion to its associate firm, National Resources (Private) Limited (NRL),...

Lucky Cement Limited is stepping deeper into Pakistan’s mineral sector, committing up to Rs1.2 billion to its associate firm, National Resources (Private) Limited (NRL), for copper and gold exploration in Chagai, Balochistan. The investment follows NRL’s recent discovery of significant copper and gold deposits in the region, a find that could hold major economic potential for Pakistan’s underdeveloped mining industry. Details of the Deal In a notice to the Pakistan Stock Exchange on Monday, Lucky Cement said its board has cleared additional equity funding for NRL. The plan involves subscribing to new shares and purchasing 250 ordinary shares from Muhammad Ali Tabba, a related party. NRL will channel the funds into pre-feasibility work, including geological surveys, drilling operations, and...

Lucky Cement Limited is stepping deeper into Pakistan’s mineral sector, committing up to Rs1.2 billion to its associate firm, National Resources (Private) Limited (NRL), for copper and gold exploration in Chagai, Balochistan. The investment follows NRL’s recent discovery of significant copper and gold deposits in the region, a find that could hold major economic potential for Pakistan’s underdeveloped mining industry. Details of the Deal In a notice to the Pakistan Stock Exchange on Monday, Lucky Cement said its board has cleared additional equity funding for NRL. The plan involves subscribing to new shares and purchasing 250 ordinary shares from Muhammad Ali Tabba, a related party. NRL will channel the funds into pre-feasibility work, including geological surveys, drilling operations, and...