SMEs dominate Oman’s mining sector| Times of Oman

SMEs dominate Oman’s mining sector| Times of Oman

Muscat: The mining sector in the Sultanate is dominated by small and medium companies at a rate of more than 95% of the total licenses in the sector, and their production reaches 70% of the total minerals produced in the Sultanate, the consultant of Minerals to the Minister of Energy and Minerals said. Dr. Salem bin Ali Al Mahrouqi, the consultant of Minerals to the Minister at the Ministry of Energy and Minerals, confirmed in an interview with Al Shabiba. He pointed out that minerals of high economic value, such as copper and gold, the quantities discovered are very modest, adding:" Gold in Oman is linked to copper, and its concentration is very low, less than 1 g per ton of copper, so the mine is not a gold mine, but a copper mine." He also said that the Sultanate is on the right path to develop the mining sector, and there is a new strategy and ambitious plan for the advancement of the sector, which needs continuous updating of procedures and laws, and the existence of Oman Vision 2040, necessitates us looking at the investment climate in the minerals sector, and creating a flexible investment environment in which we