One-Stop-Shop for new mining licenses in Oman
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Conrad Prabhu -
MUSCAT, JAN 16 -
Oman’s Public Authority for Mining (PAM) is formulating a new mining exploration and development strategy, underpinned by a Single Window System for the issuance of new licenses, to help unleash the potential of the country’s prodigious mineral resources, according to a top official.
Eng Hilal al Busaidi, Chief Executive Officer, said the Single Window System will allow interested investors to apply for investment-ready blocks or concessions for development, with all of the required permits already in place.
“We are preparing a general strategy for the mining sector that will identify targets and milestones for the development of this industry over the long-term,” said Eng Al Busaidi. “Our expectation from all of the data available so far is that Oman has a lot of minerals metallic and non-metallic but additional appraisal is necessary in order to attract investment in developmen