Barrick Mining Corp. has finalized a $440 million agreement with Komatsu Ltd. to supply electric and electrified mining equipment to its Reko Diq copper-gold project in Pakistan, in a move aimed at reducing emissions and improving operational efficiency.
The deal will see Komatsu begin delivering a mix of ultra-class haul trucks, mining excavators, electric rope shovels, and wheel loaders starting in early 2026. The Reko Diq project is considered one of the world’s largest undeveloped copper-gold deposits and represents a long-term investment for Barrick in both Pakistan and the global mining sector.
Among the equipment to be supplied is Komatsu’s PC4000-11E, a 409-ton electric hydraulic mining excavator designed to cut site emissions by up to 95%. Paired with Komatsu’s Trolley Truck Assist System and grid-connected rope shovels, the system offers an estimated 50% reduction in total ownership costs compared to Tier 4 diesel machines. Komatsu has cited pilot programs showing 47% real-world cost savings for customers using the PC4000-11E.
The electric excavators feature fully automatic cable drums for easier pit maneuvering, and their simplified electric control systems are expected to improve uptime and streamline maintenance. Komatsu emphasized that the new technology also aligns with high safety standards in modern mining operations.
The Reko Diq project is a joint venture led by Barrick in partnership with the Government of Pakistan and the provincial government of Balochistan. The Komatsu equipment is expected to play a key role in shaping the sustainability profile of one of the industry’s most anticipated greenfield mining sites.