MUSCAT, JULY 17 – A consortium of international consultancy firms led by SRK Consulting, a UK based mining industry specialist, will formulate a national strategy for developing Oman’s hugely promising mining sector.
An agreement to this effect was signed here yesterday by Hilal bin Mohammed al Busaidy, Chief Executive Officer of the Public Authority for Mining (PAM), with Dr Tim Lucks, Principal Consultant — Geology and Project Management at SRK Consulting. Also present at the signing were executives representing global legal firm Mayer Brown and well-known consultancy giant Wood Mackenzie who will also play a part in the drafting of the Omani Mining Strategy.
In remarks, Al Busaidy said the Mining Strategy will provide a coherent roadmap for the development of the sector over the next 10 years. “This initiative will be put together by this group or companies that are specialised in strategic planning with specific focus on the mining sector. The strategy will be built around 12 key pillars focusing not only on investment, but also environmental protection, social engagement, skills development, and so on.”
Importantly, the Oman Mining Strategy will seek to introduce a world-class mindset into the sector’s development, said Al Busaidy. “We want a strategy that is suitable for implementation in Oman and will take into consideration existing commercial, geological, environmental and other factors imperative to the successful development of the sector.”
The consortium has been given a roughly six-months timeframe to deliver the mining strategy.