Strategic Partnership Signed to Enhance Efficiency of Oman’s Mining Sector
1 February 2024Minerals Development Oman (MDO) signed a strategic partnership with Mawarid Mining company, to boost the company’s production of copper ore.
Under the new partnership, Minerals Development Oman will assign the processing and concentration of copper ore produced in the northern concession areas to the copper ore concentration unit of Mawarid Mining located in the Wadi Al Jizzi area in the Wilayat of Sohar.
The agreement was signed by Eng. Nasser Saif Al Maqbali, CEO of MDO, and Tariq Mohammed Al Barwani, CEO of Mawarid Mining.
Al Maqbali stated: “This agreement represents a new stage in the existing strategic partnership between Minerals Development Oman and Mawarid Mining, which is expected to help raise the productivity of the mining sector in Oman. It will also contribute to the development and better utilization of infrastructure and facilities specialized in processing and condensing copper ore.”
On his turn, Al Barwani said: “This partnership is an outstanding model of collaboration between the public and private sectors in the mining industry in managing and developing value chains in the mining sector. It will enable us to put the copper industry in the forefront and to enter the global market.”
Related
-
SCG to invest $700 mln more in petrochemicals complex in Vietnam
1 November 2024
-
Saudi Binladin to receive $6bn loan
1 November 2024
-
Neom to tender hydropower contract
31 October 2024
-
Thiess-Khishig Arvin Joint Venture secures three-year mining services contract in Mongolia
31 October 2024
-
QatarEnergy partners with TotalEnergies for 1.25GW solar project in Iraq
30 October 2024
-
Tadweer Group signed agreement for waste to energy plant in Uzbekistan
30 October 2024