Sydney:The Ministry of Energy and Minerals of Oman has unveiled three new mining concession areas totaling 2,062 square kilometers at the International Mining and Resources Conference and Expo in Sydney, Australia. This initiative is aimed at expanding investment opportunities in Oman's minerals sector and attracting specialized exploration and mining companies.
According to Oman News Agency, the Ministry's participation in the three-day event is part of its strategy to showcase Oman's mineral potential and the investment opportunities available across various stages of mining activity. This engagement is also intended to foster cooperation with Australian and international companies, enhance the participation of Omani companies and SMEs, and support the sector's growth in alignment with Oman Vision 2040.
The concession areas offered include Area (25-C), covering 627 square kilometers with potential for manganite, nickel, and laterite ores; Area (25-F), spanning 830 square kilometers with manganese, nickel, and laterite; and Area (22-C), extending over 605 square kilometers with indicators for copper, chromite, gold, marble, and basalt. These areas are open to qualified local and international companies for exploration and assessment, paving the way for future mining projects.
Mohsin Hamad Al Hadhrami, Undersecretary of the Ministry, stressed that Oman's participation in the event underscores its commitment to economic diversification and developing an integrated mining industry. He encouraged international companies to explore these opportunities and form partnerships to advance the Omani minerals sector.
The Sultanate of Oman's pavilion at the expo featured the new concession areas and investment services, facilitating direct communication between investors and Ministry representatives. Information on opportunities and application terms is accessible via the 'Taqa' platform of the Ministry of Energy and Minerals. Over the past five years, Oman has awarded 28 mining concession areas while improving its regulatory frameworks and expanding digital services to promote transparency and efficiency in concession management.