Saudi Arabia Shows Interest in Acquiring Shares in Pakistani Gold Mine

A Pakistani official stated today, Tuesday, that Saudi Arabia has expressed interest in acquiring shares in the Reko Diq gold and copper mine in Pakistan. Jahan Zeb Khan, an advisor to the Prime Minister in the Special Investment Facilitation Council, told reporters that the government has appointed a global advisor to assess the mine's shares. He did not specify the name of the global advisor. He mentioned that the assessment is scheduled to be completed by December 25, adding that Islamabad will enter into discussions with Riyadh after the assessment is finalized. The Reko Diq mines are located in the Balochistan province in southwestern Pakistan, bordering Afghanistan and Iran. Mining experts believe that they contain some of the largest reserves of copper and gold in the world.