Globacore Minerals bets on homegrown capital to unlock Pakistan’s mineral wealth

Globacore Minerals, backed by six Pakistani business groups, is funding early-stage mineral exploration as Islamabad prepares for the Pakistan Minerals Investment Forum on 12-13 November. Fatima Fertilizer owns a 32% share, and the company says its exploration area spans about 2,764 sq km across locations including Balochistan’s Chagai belt and Washuk.

The Express Tribune reported that Globacore is searching for copper, gold, antimony and other critical minerals, while work at its Chagai project with Mari Minerals has reached drilling. The joint venture, signed in December 2025, covers two exploration licences, with Mari Energies’ subsidiary serving as operator. Pakistan’s mineral exports, estimated at around $3 billion annually, could reach $8 billion with effective policies, according to an OGDCL report.