FEED completed for Mazoon Copper Ore Project in Oman – report

FEED completed for Mazoon Copper Ore Project in Oman – report

Oman’s mining giant Minerals Development Oman (MDO) has completed the front-end engineering and design (FEED) work for the $300 million Mazoon Copper Ore project in Yanqul, Oman, the Oman Investment Authority (OIA), which owns a majority stake in MDO revealed in its latest annual report.

The 20 square kilometre (sq km) site consists of five mines with 22.9 million tonnes of proven copper ore reserves and 1.5 million tonnes of production capacity a year.

Project development is expected to begin in 2025.

“MDO has commenced the geophysical and geochemical surveys in the 12 mining concession areas spread over 22,000 sq km with the aim of developing a detailed and scientific database of minerals,” OIA updated.

MDO was granted these exploration and mining licenses for a period of 30 years in March 2022 and approved through a Royal Decree in December 2022.

“A partnership agreement has been signed with a local company to explore Block 4 and areas close to the block,” OIA said on the copper mining project in Sohar.

An economic feasibility study conducted by MDO in 2022 revealed the presence of 2.6 million tonnes of unexploited reserves of copper ore and a decision to invest in redeveloping the mines of Al Al Bayda, Al