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Saudi Arabia plans $100M investment in Pakistan’s Reko Diq gold and copper mine

CT Newsroom

Saudia Mining Minister Bandar Alkhorayef told Reuters that Saudi Arabian mining company Manara Minerals was looking forward to investment in Pakistan.

Reportedly, Saudia Mining Minister Bandar Alkhorayef gave an interview to Reuters on the sidelines of the Future Minerals Forum, where he expressed his wish for investment in the mining sector of Pakistan particularly in Reko Diq mine of Balochistan.

He added that the Saudi Development Fund could contribute over $100 million to Pakistan’s mining infrastructure.

Alkhorayef said in an interview,“Part of what we are looking at is how we can help Pakistan also in some infrastructure”.

“Without that infrastructure, the economics of the deal are not attractive, so through the Saudi Development Fund we are thinking about how we can finance it.”

Manara Minerals executives visited Pakistan in May last year for talks about buying a stake in the Reko Diq mine, he added.

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