'The Saudis Are In Talks To Buy Into A Giant Copper Mine, Being Developed At A Cost Of $7B By Canada's Barrick Gold In Western Pakistan, According To People Familiar With The Project.' - WSJ
Portfolio Pulse from Happy Mohamed
Saudi Arabia is reportedly in discussions to invest in a large copper mine being developed by Canada's Barrick Gold in Western Pakistan. The project is estimated to cost $7 billion.
August 10, 2023 | 4:29 pm
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Barrick Gold is developing a $7 billion copper mine in Western Pakistan, which Saudi Arabia is considering investing in.
The potential investment from Saudi Arabia in Barrick Gold's copper mine project could provide significant financial support, reducing the burden on Barrick Gold and potentially boosting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100