Pakistan reaches an out-of-court deal with foreign firm that has agreed to waive $11 billion in penalties and revive one of the world's biggest gold and copper mining projects stalled since 2011
Pakistani PM Imran Khan says the project"will potentially be the largest gold & copper mine in the world".
The hugely lucrative open-pit mine project came to a standstill in 2011 after the local government refused to renew Tethyan Copper's lease, and in 2013 Pakistan's top court declared it invalid. "It will liberate us from crippling debt & usher in a new era of development & prosperity," he said in a statement.
The country is fighting several low-level insurgencies in the province, waged by militants, separatist and sectarian groups.
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