Oxford Business Group, Knowledge partner of 2nd Oman Minerals & Mining Exhibition & Conference:
Efforts to revitalize the mining industry hold great potential
Mining activities in Oman are set to increase considerably in the coming years, following the discovery of significant reserves of mineable minerals, including gold, copper and rare earths.
The government has recently moved to create a sustainable growth path for the industry, introducing new legislation aimed at increasing value addition and reducing raw exports. While these measures may create short-term growing pains for the industry, the long-term results of efforts to build Oman’s domestic minerals value chain will have a positive impact on GDP growth and non-oil diversification, while a grace period in new legislation should protect operators from serious short term shocks.
For reading more about this very news please download the below pdf file.
source: me-metals
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