Strategic partnership signed to enhance efficiency of mining sector

Business Wednesday 31/January/2024 17:39 PM
Strategic partnership signed to enhance efficiency of mining sector

Muscat: Minerals Development Oman (MDO) signed a strategic partnership with Mawarid Mining Company, to boost the company’s production of copper ore.

Under the new partnership, Minerals Development Oman will assign the processing and concentration of copper ore produced in the northern concession areas to the copper ore concentration unit of Mawarid Mining located in the Wadi Al Jizzi area in the Wilayat of Sohar.

The agreement was signed by Eng. Nasser Saif Al Maqbali, CEO of MDO, and Tariq Mohammed Al Barwani, CEO of Mawarid Mining.

Al Maqbali stated, “This agreement represents a new stage in the existing strategic partnership between Minerals Development Oman and Mawarid Mining, which is expected to help raise the productivity of the mining sector in Oman. It will also contribute to the development and better utilisation of infrastructure and facilities specialised in processing and condensing copper ore.”

On his turn, Al Barwani said: “This partnership is an outstanding model of collaboration between the public and private sectors in the mining industry in managing and developing value chains in the mining sector. It will enable us to put the copper industry in the forefront and to enter the global market.”