Islamabad: September 02, 2024 -In a significant development, Denmark has expressed its commitment to contribute to the modernization and investment in Pakistan’s mining industry and a Danish company is exploring heavy investment opportunities in Pakistan’s mining secotr.
Federal Ministers Dr Musadik Malik, Muhammad Aurangzeb, Abdul Aleem Khan, Jam Kamal Khan held a meeting with the delegation of FL Smidth headed by the CEO Mr. Mikko Keto including Chris Reinbold, president mining products, Iqrar Hussain, global key account project manager.Ambassador of Denmark to Pakistan H.E Jakob Linulf were also present.
FLSmidth is a leading technology and service supplier to the global mining and cement industries. Its operations span the globe with more than 9,000 employees, present in more than 60 countries.
FLSmidth has been active in Pakistan for the past three decades, and have contributed in the development of cement industry in Pakistan with about 60-70% of the cement plants supplied in Pakistan.In 2017, FLSmidth opened its after-sales service office in Islamabad, employing a local workforce that provide the full scope of cement plant services to customers in Pakistan.
FLSmidth is also collaborating with one of the biggest Local Foundry for the manufacturing and supply of wear parts for the local market and export. Like cement industry, FLSmidth is looking forward to contribute in the development of a thriving and responsible mining industry in Pakistan.
H.E Jakob Linulf apprised the Pakistani side that Pakistan is at a very high agenda in Denmark and there is growing momentum. Recently, 75 years of Denmark-Pakistan diplomatic relations were celebrated. Denmark is willing to contribute to mining industry of Pakistan and take partnership to new levels.
CEO Mikko Keto expressed his gratitude for the warm welcome and briefed about his interest in Pakistan’s mining sector. He underscored the successful collaborations in mining with various countries of the world that would be replicated in Pakistan. FL Smidth has competence not only in technolgy but also operations. We have decades of experience in Pakistan, that will now be expanded to mining.
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Minister for Finance and Revenue Muhammad Aurangzeb opined that having FL Smidth team on ground already makes huge amount of difference. Government will facilitate and support.
Minister for commerce Jam Kamal Khan said that Denmark’s partnership in mining will bear fruit for the economy of Pakistan. Denamrk is an important partner of Pakistan and we would like to expand this cordial relation.
Minister for privatization Abdul Aleem Khan remarked that investment from Denmark is very encouraging for Pakistan and will bring good results.
Minister for Petroleum Dr Musadik Malik mentioned that this visit will be start of many new collaborations. Other mining companies of Pakistan will also be connected to FL Smidth group to explore new avenues. Focus will also be on research and training.
Mr. Chris Reinbold highlighted that already there are programs for students for training and research. Similar will be explored for Pakistani students. Secretary Petroleum Mr Momin Agha, additional secretary Mr Hasan Yousafzai,DG Minerals Dr Nawaz and other officials were also present at the occasion.
Danish delegation led by the Global CEO of FLSmidth, Mr. Mikko Keto, accompanied by Danish Ambassador to Pakistan, Mr. Jakob Linulf, met with Federal Minister for Commerce, Jam Kamal Khan separately as well, to discuss potential investment opportunities in Pakistan’s mining sector. The Danish delegation expressed strong interest in making substantial investments, particularly in mining zones.
Minister Jam Kamal Khan highlighted vast mining potential in Pakistan, with a special emphasis on Balochistan’s untapped resources. And opportunities where small scale mining and processing can be empowered. He suggested that FLSmidth and Trade Development Authority of Pakistan (TDAP) could organize awareness sessions and workshops, aimed at enhancing industry knowledge and skills.
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