Development Oman signs concession pact for potash ore mining By Pramod Kumar June 28, 2023, 5:23 AM Oman News Agency A concession agreement was signed by Salim Nasser Al Aufi, minister of energy and minerals, Oman and Nasser Al Araimi, chairman of Sinbad Mining Resources Company Oman’s ministry of energy and minerals has signed a concession agreement for the exploration and mining of potash ore with local firm Sinbad Mining Resources Company. The concession area (No. 53-A) is located in the swamp area of Umm Assameem, state-owned Oman News Agency reported. The ministry announced in March 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. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
