Globacore Minerals, a consortium backed by six prominent Pakistani business groups, is spearheading early-stage mineral exploration initiatives as Islamabad gears up to host the Pakistan Minerals Investment Forum on November 12-13. Fatima Fertilizer holds a significant 32% stake in the venture, which oversees an expansive exploration territory of approximately 2,764 square kilometers. This territory spans key mineral-rich regions, including Balochistan’s Chagai belt and Washuk.
According to reports, Globacore is actively prospecting for vital commodities such as copper, gold, antimony, and other critical minerals. Notably, exploration activities at its Chagai project, developed in partnership with Mari Minerals, have successfully advanced to the drilling stage. This strategic joint venture, formalized in December 2025, encompasses two exploration licenses, with a subsidiary of Mari Energies acting as the operator. An OGDCL report highlights that Pakistan’s annual mineral exports, currently valued at approximately $3 billion, possess the potential to surge to $8 billion under supportive and effective policy frameworks.
