stake

Saudi company Manara Minerals set to acquire stake in Pakistan’s Reko Diq project (report) Blogging Sole

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Saudi company Manara Minerals set to acquire stake in Pakistan’s Reko Diq project (report) Blogging Sole

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

Government approves sale of 15% stake in Reko Diq worth Rs150 billion to Saudi Arabia Blogging Sole

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Government approves sale of 15% stake in Reko Diq worth Rs150 billion to Saudi Arabia Blogging Sole

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