Pakistan, Saudi Arabia in talks over copper, gold mines investment

Pakistan and Saudi Arabia are in the "advanced" stages of negotiations regarding a significant investment in Pakistan’s copper and gold mines, according to Petroleum Minister Musadik Malik. The talks focus on Reko Diq, one of the world’s largest underdeveloped copper and gold mines, located in Balochistan province. The mine is jointly owned by Canadian firm Barrick Gold Corp. and Pakistan. Last year, Saudi Arabia offered to purchase a 15 per cent stake in the project. Speaking to the media at the Future Minerals Forum in Riyadh on Tuesday, he revealed that both countries have made considerable progress in their discussions.