Lucky Cement close to winning limestone licence in Punjab province, Pakistan

Lucky Cement Ltd is close to winning a permit to extract limestone in Punjab province, signalling expansion plans for the Pakistan producer, according to a report by Bloomberg.

The company will get a limestone quarry for a cement plant in Punjab, and the local administration has approved the deal, said Arshad Mehmood, secretary for Punjab’s mines and minerals department, the report stated. An agreement is expected to be signed in the next few days, he added.

Although no longer Pakistan’s largest producer following Bestway Cement’s purchase of in Lafarge Cement Pakistan Ltd, Lucky Cement operates two facilities – a 3.9Mta plant in Pezu and a 3.6Mta works in Karachi. It also has a cement grinding facility in Iraq and is part of a venture that is building a cement plant in the Democratic Republic of Congo.