Pact for min­ing strat­egy to be signed to­day

Muscat Daily - - NATION -

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.

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