Saudi firm to buy stake in Reko Diq in coming weeks, says kingdom’s investment minister

Saudi Minister for Investment Sheikh Khalid Bin Abdul Aziz Al Faleh on Thursday confirmed that the kingdom’s Manara Minerals was set to buy a stake in Barrick Gold’s Reko Diq gold and copper mine in the coming weeks.

Barrick Gold owns a 50 per cent stake in Pakistan’s Reko Diq mine, with the remaining 50pc owned by the governments of Pakistan and the province of Balochistan.

Barrick considers the mine one of the world’s largest underdeveloped copper-gold areas.

In August,...