Mining concession agreement signed in North Al Sharqiyah Governorate

Oman Thursday 28/November/2024 15:37 PM
By: ONA
Mining concession agreement signed in North Al Sharqiyah Governorate
Muscat:The Ministry of Energy and Minerals today signed a mining concession agreement with Al Tamman Indsil FerroChrome Company for exploration and mining in concession area No. (22-D) in North A’Sharqiyah Governorate.
The concession zone extends over an area of ​​790 square kilometres, with a set of ophiolite rocks that contain indicators of existing ores like copper and chromium.
The agreement requires the company to conduct a comprehensive exploration programme during the first two years, including topographic and geophysical surveys using remote sensing techniques and drafting detailed geological maps for a large part of the area.
The programme also includes accurate geochemical and physical analyses, in addition to the implementation of an intensive drilling programme of up to 250 holes, each averaging 35 metres deep.
The agreement was signed on behalf of the Government of the Sultanate of Oman by Eng. Salim Nasser Al Aufi, Minister of Energy and Minerals,and Dr. Roman Lorf, acting on behalf of the Chairman of the Al Tamman Indsil FerroChrome Company’s Board of Directors.