Saudi Arabia Moves Closer to $1 Billion Barrick Pakistan Deal [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
Most Read from Bloomberg Dubai Grinds to Standstill as Cloud Seeding Worsens Flooding Elon Wants His Money Back Singapore Loses ‘World's Best Airport' Crown to Qatar Red Lobster Considers Bankruptcy to Deal With Leases and Labor Costs Tesla Asks Investors to Approve Musk's $56 Billion Pay Again Manara Minerals Investment Co., backed by the Saudi sovereign wealth fund, plans to invest at least $1 billion in the Reko Diq copper and gold mining project, the people said. It could announce that it's reached a preliminary agreement on terms of a transaction as soon as the next few weeks, according to the people. The Saudi company may increase its investment over time in the mine, which is part-owned by the Pakistan government. Deliberations are ongoing, and talks could still fall apart or be delayed. A representative for Saudi Arabia's Public Investment Fund, which is a major shareholder in Manara, declined to comment. A spokesperson for Barrick didn't respond to queries. S
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