Pakistan and Saudi Arabia are in "advanced" stages of talks about Saudi Arabia investing in the Reko Diq copper and gold mine, located in Pakistan's Balochistan province.

Saudi Arabia’s investment mining fund is set to buy a stake in Pakistan’s Reko Diq project, which will be one of the world’s largest copper mines once complete, as the kingdom accelerates its expansion into the sector.

Pakistan’s deal with Saudi Arabia for the sale of a stake in the copper and gold mining project controlled by Barrick Gold Corp. is still in the process of negotiating key details, including where the minerals will be processed.

Saudi Arabian investment mining fund Manara Minerals is planning to buy 10% to 20% stake in Pakistan's Reko Diq copper and gold project, which is being developed by Barrick Gold, the Financial

Saudi Arabia's investment mining fund is set to buy a 10%-20% stake in Barrick Gold's (NYSE:GOLD) $9B Reko Diq copper and gold project in Pakistan, Financial Times reported Tuesday, as the kingdom seeks to accelerate its expansion into the copper sector.