Minerals Development Oman inks landmark agreement with Mawarid Mining

  • Date: 31-Jan-2024
  • Source: The Arabian Stories News
  • Sector:Real Estate
  • Country:Oman
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Minerals Development Oman inks landmark agreement with Mawarid Mining

Minerals Development Oman and Mawarid Mining Company forge strategic alliance to boost copper ore production.

The post Minerals Development Oman inks landmark agreement with Mawarid Mining appeared first on The Arabian Stories News.Muscat – Eng. Nasser bin Saif Al-Muqbali, CEO of Minerals Development Oman, and Tariq bin Mohammed Al-Barwani, CEO of Mawarid Mining Company, officially sealed a strategic partnership. The agreement focuses on processing and intensifying the production of copper ore extracted from the northern concession areas.

Under the terms of the agreement, Minerals Development Oman will entrust the processing and condensation of its copper ore to the state-of-the-art copper ore condensation unit situated in the Wadi Al-Jizzi area, within the state of Sohar, owned by Mawarid Mining Company.

Eng. Nasser bin Saif Al-Muqbali, CEO of Minerals Development Oman, expressed optimism about the collaboration, stating, “This agreement represents a new stage in the strategic partnership process with Mawarid Mining Company. It will work to elevate the efficiency of the mining sector in the Sultanate of Oman, contributing to the exploitation and development of infrastructure and facilities specialized in processing and condensing copper ore.”

Echoing this sentiment, Tariq bin Mohammed Al-Barwani, CEO of Mawarid Mining Company, emphasized the partnership’s significance in setting a model for