Al Hadeetha Resources exports first copper concentrate

Business Tuesday 28/May/2024 17:24 PM
By: Times News Service
Al Hadeetha Resources exports first copper concentrate

Muscat: In a significant development for Oman, Al Hadeetha  Resources announced the first export of copper concentrate from the  Sultanate. This achievement marks a major milestone for both Oman and Al Hadeetha Resources, symbolising the beginning of a new era in the nation’s minerals sector.

The company extends its heartfelt gratitude to the Omani government, led by His Majesty Sultan Haitham bin Tarik, and particularly to the Ministry of Energy and Minerals for their steadfast support.

The copper project, spearheaded by Al Hadeetha Resources, is a cornerstone of Oman’s strategic initiatives to diversify its economy. The project encompasses state-of-the-art mining and processing facilities in Al Washihi – Al Majaza in the North Al  Sharqiyah region, designed to extract and refine copper ore to produce high-quality copper concentrate. This venture not only aims to boost the local economy but also positions Oman as a significant player in the global copper market.

Sayyid Khalid Bin Hamed Bin Saif Al  Busaidy, the Chairman commented on this momentous occasion: “This is a remarkable day as it marks the beginning of a new journey for Oman and the company in the field of minerals and mines. This milestone will  contribute to the Sultanate’s economy in various forms, including  creating employment opportunities for Omani citizens, attracting hard  currency into the country, thereby raising the in-country value, and  providing substantial support to local communities.”

The export of the first copper concentrate is a testament to Oman’s commitment to economic diversification and sustainable development. Al  Hadeetha Resources is dedicated to continuing its efforts to enhance the minerals sector, contributing to the nation’s prosperity. This milestone is just the beginning of a promising future for Oman’s mining industry, promising significant economic benefits and growth opportunities.