Reko Diq project: Firm open to foreign audit, court told

The bench comprising Chief Justice Iftikhar Mohammad Chaudhry, Justice Mohammad Sair Ali, Justice Ghulam Rabbani and Justice Khalilur Rehman Ramday is hearing a number of petitions challenging the award of the contract to the TCC. - Photo by Reuters

ISLAMABAD: The Tethyan Copper Company (TCC), which is exploring gold and copper deposits in Balochistan, has welcomed the idea of inviting international auditors to scrutinise the project’s cost estimated by it.

“Being in business for years we cannot understate or overstate on the actual projections because by doing so we run the risk of finding it soon by international lending banks and eventually withdrawal of the entire funding,” TCC’s acting CEO Gerhard van Borries said in a presentation on the Reko Diq copper and gold porphyry project before a special bench of the Supreme Court here on Tuesday.