PAM to sign Oman mining strategy contract today

MUSCAT: The Public Authority for Mining (PAM) will sign today a contract with SRK Consulting and its supportive companies; Mayer Brown and Wood Mackenzie to implement Oman mining strategy. The general strategy for the mining sector is one of the major projects undertaken by the Authority as per its mandates shown at its System issued by the Royal Decree No 49/2014. As per this system, one of the mandates of the Authority is to develop a strategy that includes the plans and policies related to the geologic infrastructure of the Sultanate and developing the mining system within the framework of the national strategy for development. PAM has strived to identify the major pillars in preparing Oman mining strategy. To this end, it has organised a range of workshops that discussed the major challenges and aspiration of the mining sector to promote mineral wealth in the Sultanate. The Authority’s efforts have been culminated with signing this contract for the implementation of Oman mining strategy as per the pillars that were identified by the Authority, in cooperation with several organisations. The strategy aims at ensuring utilisation of the Sultanate’s mineral wealth and investing it in achieving comprehensive development and economic diversification in the Sultanate. — ONA