Oman's Ministry of Energy and Minerals introduced three new mining areas covering 2062 square kilometers during its participation in the International Mining and Resources Conference and Exhibition held in Sydney, Australia. This initiative aims to expand investment opportunities in the mining sector in the Sultanate of Oman, attract companies specialized in exploration and extraction of minerals, and support the development of new mining projects.
Showcasing Oman's Mineral Potential
Through participation in this conference and exhibition, along with six active companies in the mining sector, the Ministry of Energy and Minerals intends to showcase the mineral potential of the Sultanate of Oman and the available investment opportunities at various stages of mining activities from exploration and resource assessment to mine development and mineral processing.
The ministry is also seeking to expand cooperation with Australian and international companies in advanced mining technologies and increase the participation of Omani companies and small and medium enterprises in projects and services related to this sector. These actions will contribute to growth, enhance competitiveness, and strengthen local content, in line with the goals of Oman Vision 2040.
Investment Opportunities in New Mining Areas
The presented areas include the mining area (25-C) covering 627 square kilometers, where preliminary geological data indicates the potential for manganese, nickel, and laterite rocks. Additionally, the mining area (25-F) covering 830 square kilometers, with its major potential including manganese, nickel, and laterite rocks, and the mining area (22-C) covering 605 square kilometers, which includes geological indications of copper, chromite, and gold, have been introduced. These three areas provide opportunities for reputable local and international companies to implement exploration programs, geological surveys, and mineral resource assessments.
Mr. Mohsen bin Hamad Al-Hadri, Deputy Minister of Energy and Minerals, emphasized that the Sultanate of Oman's participation in this international event reflects the country's commitment to strengthening the role of the mining sector in economic diversification and transitioning from resource exploration and extraction to developing an integrated mining industry based on investment, modern technologies, and specialized expertise.
Read more: The U.S. Government Seeks to Reduce Fuel Prices Amid Tensions with Iran · The IMF Mission in Oman Begins for Article IV Consultations
