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Published 31 Jan, 2025 01:26pm

US investor Gentry Beach-led mining company signs deal in Pakistan

White Bridge Mining, led by prominent US investor Gentry Beach, has signed an agreement with the Apex Energy for the exploration and development of placer gold deposits.

“This agreement marks a major breakthrough in unlocking Pakistan’s vast, untapped mineral wealth—estimated at over $50 trillion—and integrating the country into global critical mineral supply chains,” a press release said.

Such an investment demonstrates “growing international confidence” in Pakistan’s mining sector, paving the way for advanced mineral exploration, sustainable extraction, and long-term economic growth. It also highlighted White Bridge Mining’s “commitment to responsible” investment, state-of-the-art mining technologies, and high-value job creation.

“Pakistan is home to extraordinary mineral wealth, and our investment is a commitment to unlocking its full potential through responsible mining and global partnerships,” Beach said. “This is a transformative opportunity for Pakistan to become a key supplier in the critical minerals sector for the US, while also driving economic growth and technological advancement.”

It is expected that the collaboration has the potential to be positioned within the US Department of Defense’s Trusted Partner Program, which seeks to secure and diversify critical mineral supply chains in key global markets.

As demand for REEs and strategic metals rises, it is expected that Pakistan’s resource potential will provide an opportunity to enhance long-term supply resilience and develop a stable, independent mineral economy.

“By aligning with international initiatives focused on strengthening critical mineral security, this agreement sets the stage for Pakistan to play a greater role in the global mining industry.”

The statement also mentioned the South Asian country’s rich deposits of placer gold, rare earth elements (REEs), and other high-value minerals, saying that they present a “significant opportunity” to diversify global supply chains, reducing dependency on limited sources while strengthening Pakistan’s position as a trusted mineral supplier.

“This agreement is expected to bring modern mining technologies and sustainable extraction practices, ensuring that Pakistan’s mineral wealth is developed responsibly while maximizing economic returns,” it said and added that the initiative is expected to create “thousands of high-value jobs,” establish advanced mineral processing facilities, and integrate Pakistan into strategic trade partnerships with key global markets.

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