Pact for mining strategy to be signed today

Muscat - The Public Authority for Mining (PAM) will sign on Monday 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 au- thority as per its mandate shown at its system issued by Royal Decree 49/2014. One of the mandates of the authority is to develop a strategy that includes the plans and policies related to the geological infrastructure in the sultanate and the mining system within the framework of the national strategy for development.

PAM has striven to identify the major pillars in preparing Oman Mining Strategy. It organised a number 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 of the contract for the implementation of Oman Mining Strategy.

The strategy aims at ensuring utilisation of the sultanate’s mineral wealth and investing it in achieving comprehensive development and economic diversification.