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Barrick and Komatsu Reach Agreement on US$440M Equipment Contract
Barrick Mining Corporation, the operator of the Reko Diq Mining Joint Venture, and Komatsu have finalized an agreement for the delivery of primary mining equipment to Barrick’s Reko Diq copper-gold project in Pakistan starting in 2026. Valued at US$440 million ($600 million), the deal marks Komatsu’s first major mining equipment placement in its Middle East territory and underscores the strengthening partnership between the 2 companies. As part of its commitment to supporting Reko Diq’s operations, Komatsu intends to establish Komatsu Pakistan Mining Limited, a new entity dedicated to providing service and technical expertise at Reko Diq. Additional investments will also be made to Komatsu Middle East FZE, a regional headquarters in Dubai, UAE, to support an expanded equipment footprint in the region. These investments ensure Barrick will have the resources needed to efficiently operate at one of the world’s most significant greenfield mining developments.
The equipment package for Reko Diq includes: 980E-5 ultra-class haul trucks, P&H 4100XPC AC electric rope shovels, PC7000-11 mining excavators, and WE2350-2 electric wheel loaders. Barrick and Komatsu have steadily expanded their collaboration in recent years across multiple projects, following successful fleet acquisitions at Barrick’s Lumwana copper mine in Zambia and the Nevada Gold Mines co “Barrick is an important global partner for Komatsu, and we are excited to expand our relationship to support the development of Reko Diq,” said Peter Salditt, president, Komatsu Mining Business Division. “The scale and complexity of this project demands proven, high-performance equipment, and we are confident our ultra-class haul trucks, electric rope shovels, and other mining machines will meet the challenge. We look forward to continuing to work alongside Barrick to drive productivity and innovation in mining.” Reko Diq is expected to become a world-class copper-gold mine, contributing to the economic development of Pakistan. Komatsu’s involvement in the project underscores its commitment to supporting customers with a comprehensive suite of mining equipment and solutions to optimize their operations.
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“The Reko Diq project represents a long-term investment in our future and that of mining in Pakistan, and our partnership with Komatsu is an important part of that vision,” said Mark Bristow, Barrick president and CEO. “Komatsu equipment has proven its performance and reliability at our operations worldwide, and we are confident in their ability to support our goals at Reko Diq. We look forward to building on this strong relationship as we develop one of the world’s newest greenfield assets.”
mplex in the U.S. In October 2023, the 2 companies formalized their commitment with a global framework agreement, laying the foundation for deeper cooperation across multiple projects. 
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