Now Reading
Oman Restarts Copper Exports After 30 Years, Driving Economic Diversification

Oman Restarts Copper Exports After 30 Years, Driving Economic Diversification

Oman Restarts Copper Exports After 30 Years, Driving Economic Diversification

Oman has resumed copper exports after a 30-year hiatus, marking a significant milestone in the country’s efforts to diversify its economy and enhance its mining sector.

Minerals Development Oman (MDO) announced the export of its first copper concentrates from the Lasail Mine in Sohar, signaling the revival of copper mining in the sultanate. This development aligns with Oman’s strategy to reduce its dependence on oil and gas while bolstering economic sustainability.

The Lasail Mine is set to produce approximately 500,000 tonnes of high-quality copper ore annually, with purity levels ranging from 18% to 22%. In addition, MDO plans to begin operations at the Al Baydha Mine in Liwa by 2025-2026, further strengthening Oman’s mining capabilities with reserves totaling around 2.78 million tonnes of copper ore.

Copper, an essential component in clean energy technologies such as electric vehicles and solar panels, is increasingly in demand. Experts project global copper demand to double by 2035, driven by energy transition initiatives and the electrification of industries.

Though Oman’s initial copper production will contribute modestly to the global market, it represents a strategic investment in the sultanate’s economic future. With global demand for copper expected to grow significantly, Oman’s mining sector is positioned to play a vital role in supporting sustainability and economic diversification.

See Also
HUAWEI FreeClip with Rose Gold Finish: Redefining Open-Ear Audio

MDO’s CEO, Mattar Al Badi, emphasized the importance of leveraging dormant resources to create long-term economic and social value. As part of its efforts, the company is also focusing on exploration to expand reserves and ensure sustainable production.

Oman’s renewed focus on copper mining underscores its commitment to reducing its reliance on hydrocarbons while aligning with global trends in renewable energy and technological innovation.


© 2024 The Technology Express. All Rights Reserved.

Scroll To Top