Chinese mining company Guangdong Handar and Pakistan’s Sanjrani Mining Company (SMC) signed a memorandum of understanding (MoU) in Guangzhou, China. It is aimed at deepening cooperation on mineral extraction and processing in Balochistan, Handar said in an announcement, according to a Gwadar Pro's report.

Under the agreement, the two companies will establish a joint venture, tentatively named Pak-Handar Mining Services and Management Company, to offer mining services, invest in resource extraction projects, and modernise mineral processing in Pakistan’s southwest region, the Chinese company said.

Guangdong Handar will provide technical expertise and management support, while SMC leverages its local network and assets. The deal was signed in Guangzhou by former Senate chairman Muhammad Sadiq Sanjrani, SMC’s chairman, and Liang Fa, rotating general manager of Guangdong Handar.

SMC, headquartered in Balochistan, holds significant copper, coal, marble, and onyx assets and has a track record of local resource development. Pakistan is currently seeking global investment to modernise its mining sector, which aligns with its participation in the Belt and Road Initiative.

Credit: Independent News Pakistan (INP) — Pak-China