Appointed consultants will produce a 10-year roadmap for Omans mining sector
Omans Public Authority of Mining (PAM) has awarded a contract to a consortium led by UK-based SRK Consulting to formulate a national strategy for developing the sultanates mining sector.
The consortium comprises US-based legal firm Mayer Brown and UK-based energy and mining consultancy Wood Mackenzie.
The team will collaborate in developing a 10-year roadmap for Omans mining sector.
The study is expected to be completed within six months.
The strategy will be built around 12 key pillars focusing not only on investment, but also environmental protection, social engagement and skills development, Hilal bin Mohammed al-Busaidy, CEO of the Public Authority for Mining, was quoted in a local media report.
In a related development, Mining Development Oman (MDO) expects to appoint a firm to conduct an exploration of gypsum and limestone reserves in the southern governorate of Dhofar soon.
Omans mineral railway is expected to link the mineral rich region of Dhofar with the Port of Duqm, where the minerals will be exported to other markets by sea.
The study is expected to take between three to six months.