Oman`s Ministry of Energy and Minerals recently launched a new bidding round for four mining concession blocks across the Sultanate. Accordingly, both local and international companies are invited to explore the unprecedented opportunities in Oman’s minerals sector. This initiative aims to attract investment, boost the sector’s contribution to the national economy and support the Oman Vision 2040.
Four Blocks Show Promising Geological Potential
The four concession blocks are spread across different governorates and show promising geological potential. Block D-11 in Buraimi covers 1,084 square kilometres and preliminary studies indicate deposits of copper, gold and silver. Further minerals that may be present include chromite along with basalt and gabbro rocks. Moreover, Block E-22 in North Sharqiyah, spread over 810 square kilometres, also shows indications of copper, gold and silver. Additionally chromite ore, basalt and gabbro could also be present. Block B-14 in South Batinah covers 2,673 square kilometres with data suggesting the presence of copper, gold, silver and chromite. Additional opportunities exist in mining industrial rocks such as basalt and gabbro. The largest Block is H-51 in Al Wusta which measures 4,181 square kilometres. It shows signs of industrial minerals including silica, salt and kaolin.
Interested Investors Can Learn More By Using The Taqa Digital Platform
The bidding process is open to all qualified companies, therefore ensuring equal opportunities for participation in the procedure. The Ministry will provide all technical and geological data to interested investors through its digital platform Taqa. Officials emphasised this bidding round reflects Oman’s ongoing commitment to attract investment and maximise the value of its mineral resources. Furthermore, it aims to create a competitive and transparent environment for the sector. The initiative is expected to support economic diversification and enhance the added value of the Sultanate’s mining industry.
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