Oman mining and quarry sector poised for growth

Oman’s 700km long and nearly 150km wide mountains contain the best exposed ophiolite suite of rocks, which are favourable for copper, gold, silver, chromite, lead and zinc.

The production of minerals and rocks has seen a quantum jump in Oman in recent years. The production of rocks and minerals shot up to RO 168.87 million in 2008 from RO 24.16 million in 1996 to RO 33.32 million in 2000.

A host of major projects (both in the metallic and non-metallic sector) are currently underway in Oman. In the metallic minerals sector, a concession holder in one of the blocks is planning to mine copper from their deposit at Shinas and Liwa. This company is also conducting drilling and planning feasibility study for Ghuzayn deposit. Another concession holder is working on exploration in Washihi and Al Ajal prospects. Exploitation will start once the exploration is completed and positive feasibility study is established.

Thanks to the new law, mining is an attractive proposition not only for the local private investment. The Sultanate has roped in experienced international firms such as Rauch Ft of Austria, Timminco of Canada, Tata Chemicals, and Tata Iron & Steel Co (TISCO) of India, and Eastern Energy of Thailand, to name only a few.

The Oman Chamber of Commerce and Industry is hosting its first exhibition and conference on mining this year.