Skip to content Skip to Search
Skip navigation

Oman opens bids for three mining sites

By Pramod Kumar
Stock photo of a copper mine. Saudi reported $8bn of foreign direct investment in mining last year Reuters
Omani firms with experience in mining sector projects can submit their bids by June 11

Oman is seeking bids for three mining sites within the Ayoun area of the Dhofar governorate, the energy and minerals ministry said in a tweet.

The bidding will comprise three mining sites, covering areas of 1.72 sq km, 1.41 sq km, and 1.87 sq km.

Omani companies with experience in mining sector projects can submit their bids by June 11, 2023.

The targeted resource in these sites is construction materials, such as aggregates, Oman Daily Observer said, citing the ministry.

Last month the ministry announced that it is working on offering new mineral exploration blocks for investments in the first quarter of 2023.

These blocks have deposits of copper, chromite, laterite, magnesium, manganese and other mineral ores, in addition to industrial ores such as gypsum, silica, limestone and gabbro stones.

The ministry signed 12 agreements with state-owned Minerals Development Oman last year, starting exploratory work, including geophysical aerial surveys.

In 2020 110 new mining blocks for exploration and investment were announced, with licences issued to several local and foreign companies.

Latest articles

Alcohol tax in Dubai was suspended in 2023

Dubai to reintroduce 30% alcohol tax

Dubai will reintroduce the 30 percent sales tax on alcohol in January, according to an email sent by a local alcohol distributor to venues in the city.  The correspondence sent by MMI, which also operates off licences in the city, said: “Please note, Dubai Government have informed us the 30 percent municipality tax on alcoholic […]

The oil market could now shift focus to the actions of US President-elect Donald Trump

Opec+ delays oil output hike until April

Opec+ on Thursday pushed back the start of oil output rises by three months until April and extended the full unwinding of cuts by a year until the end of 2026 due to weak demand and booming production outside the group. Cuts had been scheduled to begin unwinding from October 2024 but a slowdown in […]

Animal, Bird, Chicken

Almarai to foray into food segments beyond dairy

Almarai, the largest dairy producer in Saudi Arabia, will launch seafood and red meat facilities to help achieve the Vision 2030 goal of becoming food self-reliant. The company is building domestic production facilities for seafood and beef and lamb, which will become operational in two years, Bloomberg reported, citing CEO Abdullah Albader. In March, Almarai […]

OQBI has offloaded 49% of its shares, with 40% going to retail investors

Oman’s OQBI poised to make Muscat bourse debut

Oman’s OQ Base Industries will debut on Muscat’s bourse on December 15 after the state oil company subsidiary completed a $489 million initial public offering. OQBI, the third OQ unit to float since March 2023, has offloaded 49 percent of its shares. Of the shares sold, 30 percent went to institutions, 40 percent to retail […]