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Manara Minerals, a joint venture between Saudi Arabia’s Public Investment Fund (PIF) and Ma’aden (Saudi Arabian Mining Co), is nearing a deal to purchase a 15% to 20% stake in First Quantum Minerals (OTC:FQVLF) Zambian copper and nickel assets. The potential transaction, which Reuters reported citing information from trusted sources, is valued between $1.5 billion and $2 billion. It includes First Quantum’s Kansanshi and Sentinel copper mines and the Enterprise nickel mine. This deal aligns with Manara’s recent investments, including a $1 billion commitment to Barrick Gold’s Reko Diq project i…

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