In order to develop mining potential of the province, the government of Balochistan, on 29th July, 1993, entered into a Joint Venture Agreement (JVA), through Balochistan Development Authority (BDA), as an agent, with a Delaware based American Company by the name and title of Broken Hill Properties Minerals (BHPM). The JVA was named a Chagai Hill Exploration Joint Venture Agreement (CHEJVA). The agreement provided for exploration on an area in District, Chagai, measuring 3,347,226 acres (13,546 Square kilometres). The Joint Venture Agreement (JVA) envisaged exploration by BHPM within a period of 6 years at its own cost over the Exploration Area, followed by preparation of a Feasibility Study to undertake mining of the proven mineral resource. According to the JVA, BHPM would have earned 75% interest on satisfactory completion of Exploration Program while BDA had 25% share in the JV, both in cost and profit. Since the Agreement was not in line with the concession rules...
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