ISLAMABAD Chief Justice Iftikhar Mohammad Chaudhary, heading a three-member bench of the apex court, on Thursday directed all the respondents including the Federation to file para-wise comments within 10 days in the case of gold and copper mines contract to foreign companies at a throw-away price in Reko Diq, Balochistan. Tariq Asad, a petitioner, informed the court that mines at Reko Diq not only have a huge amount of gold and copper but also a large amount of Lithium and Uranium. He said that secrete negotiations, behind closed doors, are in progress to finalise the deal as soon as possible. An English newspaper on November 3, 2010 had published a story that some 20 top corporate bosses and lobbyists of two of the worlds largest gold mining groups have been meeting President Asif Zardari, Prime Minister Yousaf Raza Gilani, Governor State Bank and others in Islamabad. Tariq informed the court that according to former Finance Minister Shaukat Tarin as the gold and copper prices have gone up in the international market, therefore, total yield from the mines could be $500 billion or may be a trillion dollars. He said according to a Washington mining industry expert, If Pakistan gets its fair share from the gold and copper mines, Balochistan and Pakistan would become richer than any of the present oil producing Gulf countries, many times more. He said that the contract was issued during the Musharraf regime in 2008 for three years, but could not be executed, adding Now the incumbent government is renegotiating with the foreign companies. He told 508 sq km land in Balochistan has been given unlawfully on lease to the TCC, which amazingly, was not in the knowledge of even the provincial government of Balochistan. The petitioner, however, claimed, Once the massive scale of the stakes involved became apparent to the PPP government, the Raisani/Zardari camp quickly jumped into the fray to renegotiate the deal, behind the closed door, adding, Now the Balochistan Chief Minister is being pressurised by President Zardari to sign a deal with TCC. Tariq said that the public property is being disposed of fraudulently and dishonestly against the public interest. It is a loss of national wealth, adding that Pakistan should retain 70 to 80 per cent of the treasure like other countries including Ireland, South Africa, Venezuela where the agreements, giving much bigger share to foreigners, were renegotiated in the interest of their countries. The counsel prayed that the respondents should be refrained from issuing the licence unlawfully as the deal would cause a huge loss to the country. It should be the right of every citizen to have information about the deal of public property. The court has been requested to call the whole record of the deal with TCC or any other foreign companies. He questioned whether selling of goldmines $260 to the foreign companies at low price is not high treason, fraud and criminal breach of trust? He said: If the mines of gold and copper in Balochistan are disposed of in a transparent manner, the economy of Balochistan and Pakistan would improve. Tariq said that there was no scarcity of expertise of geologists and scientists, but the only deficiency is the lack of resources, machinery and the equipment. The mining process must be done with the joint venture without leasing the land and the mines, because leasing and selling the soil and the mines is against the sovereignty of the state. The court issuing notices to Federal Secretary Ministry of Petroleum and Natural Resources, Chief Secretary Balochistan, Head of Mines and Mineral Development of Balochistan, Chairman Steering Committee, Board of Revenue, Balochistan, and Dr Samar Mubarakmand, former chairman Board of Directors, directed them to submit replies within ten days and adjourned the case till November 24.