Egyptian billionaire Naguib Sawiris, who has solid a fortune in telecom and gold, is eyeing an funding in Barrick Gold Corp.’s $7 billion Reko Diq copper-gold challenge as he appears to be like to broaden his enterprise in Pakistan.
Reko Diq, within the Balochistan area that borders Afghanistan and Iran, is one the world’s largest undeveloped copper and gold deposits, able to producing 200,000 tons of copper and 250,000 ounces of gold a 12 months for greater than half a century. The challenge is collectively owned by Barrick and Pakistan.
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