The Ministry of Energy and Minerals in Muscat recently signed two concession agreements with the aim of enhancing the minerals industry in Oman. The first agreement for Concession Area 11-A was signed with Oman Chromite Company, with a focus on conducting a comprehensive exploration program including surveys and analysis to identify potential mineral deposits. This area is located in the Governorate of Al Buraimi and is known for containing indicators of chromium and copper, making it strategically important.
The second agreement for Concession Area 51-F was signed with Minerals Development Oman (MDO). This agreement involves the exploration of high-purity silica ore in the Al Wusta Governorate, with initial operations focusing on desk studies, surveys, and sample analysis. Preliminary assessments reveal purity levels of up to 95%, making it an attractive area for future mining operations.
The Minister of Energy and Minerals highlighted the importance of these agreements in revitalizing the minerals industry in Oman. By allocating concession areas through open and competitive processes, the ministry aims to promote transparency and fairness in the industry. The minister also emphasized the investment in developing national capacities through training programs and the use of cutting-edge mineral technologies.
Minerals Development Oman CEO, Eng. Nasser Saif Al Maqbali, expressed the company’s commitment to expanding its portfolio of strategically important mineral resources. The focus on developing fine silica production is expected to enhance Oman’s role as a key mining center in the region. The project also aims to attract new investments in mining operations and related manufacturing industries, such as glass and solar panels, aligning with Oman’s vision for clean energy solutions.
Overall, these concession agreements mark a significant milestone in Oman’s efforts to boost the minerals industry. By prioritizing transparency, investing in national capacities, and exploring strategic mineral resources, Oman is positioning itself as a key player in the regional mining sector. The focus on high-purity silica ore and other valuable minerals will not only drive economic growth but also contribute to Oman’s sustainability goals in the clean energy sector.
