An image of the Tethyan Copper Company (TCC) gold and copper mining exploration project site in Reko Diq, Balochistan. -TCC Manara is preparing to buy a stake for around $500 million to $1 billion: FT. A Saudi investment would be good for the project: the head of Barrick. The Saudi Minister of Mines confirms that … Read more
A representative image of an open pit mine. —Reuters/File A Gulf country will initially obtain 10% of the shares. Foreign exchange will be introduced into Pakistan. Revised valuation of project shares in the works. ISLAMABAD: Pakistan and the Kingdom of Saudi Arabia (KSA) are set to finalize details of the multi-billion dollar Reko Diq project … Read more
An image of the Tethyan Copper Company (TCC) gold and copper mining exploration project site in Reko Diq, Balochistan. -TCC The Minister of Oil rejects media reports on the participation of Reko Diq. The government is having positive discussions with the kingdom in this regard: Malik. “A deal with Saudi Arabia on Reko Diq shares … Read more
An aerial view of the Reko Diq mine in Balochistan. —Reuters/File Saudi Arabia will acquire 15% of the capital in two phases. A first tranche of $330 million will soon be transferred. Reko Diq has 5.9 billion tonnes of copper-gold ore reserves. ISLAMABAD: The government has approved the sale of 15% stake in the Reko … Read more