Pakistan, July 29 -- ISLAMABAD - U.S.-based Fluor Corporation has officially received final approval to begin work on the massive Reko Diq copper-gold project in Pakistan's Balochistan province. The green light came from Barrick Gold Corporation, which holds a 50% stake in the multibillion-dollar mine. The governments of Pakistan and Balochistan collectively own the remaining half.

Fluor was selected as the project's engineering, procurement, and construction management (EPCM) partner earlier this year. In a statement on Tuesday, the Texas-based firm confirmed it had now recognized its share of the contract in its Q2 filings. The company is expected to play a central role in managing construction, logistics, and technical delivery for th...