Industry Oman advances plans for mega minerals complex By Pramod Kumar April 8, 2024, 4:27 AM Pexels/Piotr Arnoldes Minerals Development Oman has signed MoUs with global buyers for the offtake of 17 million tonnes of gypsum and limestone State-backed Minerals Development Oman (MDO) has awarded a feasibility study contract for a new industrial minerals complex in Dhofar governorate. The company is working to secure the final investment decision to proceed with the Al Shuwaimiyah industrial minerals project, according to its 2023 annual report. MDO is also in discussions with potential investors to take part in the project. NewsletterGet the Best of AGBI delivered straight to your inbox every week NewsletterGet the Best of AGBI delivered straight to your inbox every week No details were given on the project’s cost and completion date. However, the company has signed memorandums of understanding (MoUs) with global buyers for the offtake of 17 million tonnes of gypsum and limestone. Under the lanterns’ glow: unveiling Oman’s entrepreneurial spirit Oman starts work on new economic zone S&P revises Oman’s outlook to positive The project targets three concessions, covering an area of 1,500 sq km, estimated to have 1.5 billion tonnes of limestone reserves, 1.3 billion tonnes of dolomite reserves and 960 million tonnes of gypsum. The total peak output from the complex is estimated at 40 million tonnes per annum. In addition, the MDO intends to build a deep mining port to help transport minerals inland, the report said. 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
