Saudi Arabia nears deal for stake in Barrick Gold's Reko Diq mine - Bloomberg

seekingalpha04-18

Saudi Arabia is moving closer to a potential deal to acquire a minority stake in Barrick Gold's (NYSE:GOLD) Reko Diq copper and gold mining project in Pakistan, Bloomberg reported Thursday. Manara ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2428598799?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/522378389/image_522378389.jpg","is_english":true,"pubTime":"2024-04-18 20:21","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2428598799","market":"hk","top_or_hot":-1,"title":"Saudi Arabia nears deal for stake in Barrick Gold's Reko Diq mine - Bloomberg","media":"seekingalpha","content":"<div>\n<p>Saudi Arabia is moving closer to a potential deal to acquire a minority stake in Barrick Gold's (NYSE:GOLD) Reko Diq copper and gold mining project in Pakistan, Bloomberg reported Thursday. Manara ...</p>\n\n<a href=\"https://seekingalpha.com/news/4090938-saudi-arabia-nears-deal-for-stake-in-barrick-golds-reko-diq-mine-bloomberg\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Saudi Arabia nears deal for stake in Barrick Gold's Reko Diq mine - Bloomberg</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSaudi Arabia nears deal for stake in Barrick Gold's Reko Diq mine - Bloomberg\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-18 20:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4090938-saudi-arabia-nears-deal-for-stake-in-barrick-golds-reko-diq-mine-bloomberg><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Saudi Arabia is moving closer to a potential deal to acquire a minority stake in Barrick Gold's (NYSE:GOLD) Reko Diq copper and gold mining project in Pakistan, Bloomberg reported Thursday. Manara ...</p>\n\n<a href=\"https://seekingalpha.com/news/4090938-saudi-arabia-nears-deal-for-stake-in-barrick-golds-reko-diq-mine-bloomberg\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999001143.SGD","symbol_name":"United Gold and General A Acc SGD","start_time":0,"source_url":"https://seekingalpha.com/news/4090938-saudi-arabia-nears-deal-for-stake-in-barrick-golds-reko-diq-mine-bloomberg","article_id":"2428598799","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/522378389/image_522378389.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428598799","pubTimestamp":1713442892,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Saudi Arabia is moving closer to a potential deal to acquire a minority stake in Barrick Gold's  Reko Diq copper and gold mining project in Pakistan, Bloomberg reported Thursday. Manara Minerals Investment Co., backed by the Saudi sovereign wealth fund, plans to invest at least $1B in the project, and could announce a preliminary agreement as soon as the next few weeks, according to the report. Barrick  CEO Mark Bristow has said Saudi Arabia has been in talks with Pakistan to buy part of the government's stake in Reko Diq, but the company would not dilute its equity in the project. Bristow has said Reko Diq would rank as one of the world's top 10 copper mines if it reaches full production. The Reko Diq project, in the Balochistan region bordering Afghanistan and Iran, is targeted to begin production in 2028; Barrick  owns 50% of the project, Pakistan's federal government holds a 25% stake, and the Balochistan regional government owns the remaining 25%.  More on Barrick Gold  Barrick Go","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999001143.SGD":"United Gold and General A Acc SGD","BK7054":"投资银行业与经纪业","LU0498741114.HKD":"FRANKLIN GOLD & PRECIOUS METALS \"A\" (HKD) ACC","BK4017":"黄金","LU1023059493.AUD":"Blackrock World Mining A2 AUD-H","BK4532":"文艺复兴科技持仓","LU1223083913.SGD":"Schroder ISF Global Gold A Acc SGD-H","LU0055631609.USD":"贝莱德世界黄金基金A2","BK4570":"地缘局势概念股","LU1223082196.USD":"施罗德环球黄金A Acc","LU0075056555.USD":"贝莱德世界矿业基金A2","BK4585":"ETF&股票定投概念","LU0498741890.SGD":"FTIF - Franklin Gold and Precious Metals A (acc) SGD","LU0368265764.SGD":"Blackrock World Gold Fund A2 SGD-H","LU0496367417.USD":"富兰克林黄金和贵金属A（acc）","GOLD.AU":"ETFS Physical Gold","LU0330918003.SGD":"Blackrock World Mining A2 SGD-H","GOLD":"巴里克黄金","BK4588":"碎股"},"translate_title":"沙特接近收购巴里克黄金公司Reko Diq矿股份的交易","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GOLD":1,"GOLD.AU":1},"content_text":"Saudi Arabia is moving closer to a potential deal to acquire a minority stake in Barrick Gold's (NYSE:GOLD) Reko Diq copper and gold mining project in Pakistan, Bloomberg reported Thursday. Manara Minerals Investment Co., backed by the Saudi sovereign wealth fund, plans to invest at least $1B in the project, and could announce a preliminary agreement as soon as the next few weeks, according to the report. Barrick (GOLD) CEO Mark Bristow has said Saudi Arabia has been in talks with Pakistan to buy part of the government's stake in Reko Diq, but the company would not dilute its equity in the project. Bristow has said Reko Diq would rank as one of the world's top 10 copper mines if it reaches full production. The Reko Diq project, in the Balochistan region bordering Afghanistan and Iran, is targeted to begin production in 2028; Barrick (GOLD) owns 50% of the project, Pakistan's federal government holds a 25% stake, and the Balochistan regional government owns the remaining 25%.  More on Barrick Gold  Barrick Gold: Is It A Buy On The Dip Ahead Of Earnings? Barrick Gold: Significant Margin Recovery On Deck Barrick Gold: Still Trading At A Discount Despite Record Gold Prices","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428598799"}