Oman joins hands with Al Tamman Indsil Ferrochrome
Published: 11:11 AM,Nov 28,2024 | EDITED : 03:11 PM,Nov 28,2024
The agreement was signed by Eng Salim bin Nasser al Aufi, Minister of Energy and Minerals and Dr Roman Lorf, who represented the company.
Muscat: The Ministry of Energy and Minerals signed on Thursday a mining concession agreement with Al Tamman Indsil FerroChrome, granting exploration and mining rights in concession area No (22-D) in North al Sharqiyah Governorate. Spanning 790 square kilometres, the area features ophiolite rock formations and promising indicators of copper and chromium deposits.
The agreement commits the company to a rigorous exploration programme within the first two years. This includes topographic and geophysical surveys, the application of remote sensing techniques, and the preparation of detailed geological maps for substantial portions of the concession.
Furthermore, the company will perform precise geochemical and physical analyses and conduct an intensive drilling programme comprising up to 250 holes, each averaging 35 metres in depth.
The agreement was signed by Eng Salim bin Nasser al Aufi, Minister of Energy and Minerals and Dr Roman Lorf, who represented the company.
In a statement, Al Aufi highlighted the significant advancements in the minerals sector, driven by the Ministry's balanced approach to expanding mining activities while considering economic, social, and environmental dimensions. He said the concession areas are offered transparently and competitively, ensuring equal opportunities for investors.
The ministry has rolled out several initiatives designed to enhance the sector’s performance, including specialised training programmes for national talent, the launch of an innovative digital investment platform, and the publication of a comprehensive safety and security guide for mining operations, he added.
Al Aufi confirmed that these efforts are part of the Ministry's broader strategy to sustainably develop the sector, ensuring economic returns and supporting manufacturing industries with high-quality raw materials.
The minister underlined the sector’s pivotal role in Oman’s national economy, noting its integration with other key industries such as trade, transportation, and logistics.
The agreement commits the company to a rigorous exploration programme within the first two years. This includes topographic and geophysical surveys, the application of remote sensing techniques, and the preparation of detailed geological maps for substantial portions of the concession.
Furthermore, the company will perform precise geochemical and physical analyses and conduct an intensive drilling programme comprising up to 250 holes, each averaging 35 metres in depth.
The agreement was signed by Eng Salim bin Nasser al Aufi, Minister of Energy and Minerals and Dr Roman Lorf, who represented the company.
In a statement, Al Aufi highlighted the significant advancements in the minerals sector, driven by the Ministry's balanced approach to expanding mining activities while considering economic, social, and environmental dimensions. He said the concession areas are offered transparently and competitively, ensuring equal opportunities for investors.
The ministry has rolled out several initiatives designed to enhance the sector’s performance, including specialised training programmes for national talent, the launch of an innovative digital investment platform, and the publication of a comprehensive safety and security guide for mining operations, he added.
Al Aufi confirmed that these efforts are part of the Ministry's broader strategy to sustainably develop the sector, ensuring economic returns and supporting manufacturing industries with high-quality raw materials.
The minister underlined the sector’s pivotal role in Oman’s national economy, noting its integration with other key industries such as trade, transportation, and logistics.