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Saudi Manara Minerals Team Continues Talks on Reko Diq Mine Stake in Pakistan.

Source :
Energy Update; May2024, p1-112, 112p
Publication Year :
2024

Abstract

A delegation from Saudi Arabian mining company Manara Minerals is currently in Islamabad for discussions about acquiring a stake in Pakistan's Reko Diq gold and copper mine. The mine, located in Balochistan province, is jointly owned by global mining company Barrick Gold Corp and Pakistan. The Manara Minerals executives are part of a larger Saudi delegation exploring investment opportunities in various sectors in Pakistan. Barrick has committed to investing up to $10 billion in developing the Reko Diq project, and Manara Minerals has shown initial interest in a minority share investment worth $1 billion. [Extracted from the article]

Details

Language :
English
ISSN :
23096578
Database :
Complementary Index
Journal :
Energy Update
Publication Type :
Periodical
Accession number :
177227022