Mining
From The Report: Oman 2017
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Announced in January 2016, Oman’s ninth five-year plan is the final component of is long-term blueprint Vision 2020 and includes mining as one of five pillars of economic diversification being fast-tracked by the sultanate. With the government targeting 6% annual growth in the sector, and major regulatory initiatives attracting increased investor interest, mining is poised to surge in 2017-18. In 2015 the contribution of mining and quarrying activities to GDP reached $368m. The building materials segment continued to dominate the mining and quarrying sector in 2015, with production rising by 12% to reach 72m tonnes.

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Overview

Digging for growth: With a substantial mineral resource base, the sultanate is looking to fast-track its extraction sector
OBG
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Announced in January 2016, Oman’sninth five-year plan is the final component of Vision 2020 and includes mining as one of five pillars of non-petroleum economic diversification currently being fast-tracked by the sultanate. With the government targeting 6% annual growth in the sector, and major regulatory initiatives attracting increased investor interest, mining is poised to surge in 2017-18. “The drop in oil prices may work for the benefit of the mining industry, as everyone is starting…

Analysis

Improved regulation in sight: New legislation expected to address stakeholder demands
OBG
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Established in 2014 as the regulator and policymaker for Oman’s mining and minerals industry, the Public Authority for Mining (PAM) is primarily focused on developing four areas in mining operations: legislation, organisational structure, investment and local community concerns. In support of these objectives, one of the first tasks undertaken by PAM after its establishment was to begin drafting new mining legislation to supersede the existing law inaugurated in 2003. As part of PAM’s responsibilities…