RIYADH: Saudi Mining Minister Bandar Alkhorayef said Wednesday that the Saudi Development Fund may provide more than $100 million for Pakistan’s mining infrastructure and that the kingdom’s mining business, Manara Minerals, was considering investing in Pakistan’s Reko Diq mine.
In an interview conducted on the fringes of the Future Minerals Forum in Riyadh, Alkhorayef stated, “We are considering ways to assist Pakistan in infrastructure as well.”
“Without that infrastructure, the economics of the deal are not attractive, so through the Saudi Development Fund we are thinking about how we can finance it.”
The announcement was made the day after Saudi mining corporation Manara Minerals could invest in the Reko Diq mine within the next two years, according to Petroleum Minister Musadik Malik.
