Oman’s Mazoon Mining Project, which was unveiled in early 2022, will cost nearly $300 million, the official news agency has reported.
The project in Yanqul city in the Northwestern Adadhirah Province will produce nearly 5.1 million tonnes of copper per year, the agency said on Monday.
Geological surveys have so far discovered copper reserves of nearly 9.22 million tonnes in the area, it said, adding that copper and other metal reserves in that region are believed to exist “in promising quantities.”
“The project comprises five mines and is expected to put Oman on the map of major copper producers,” the report said.
The project will open the door for several other projects associated with copper and this will contribute to diversifying the country’s economy, it added.
(Writing by Nadim Kawach; Editing by Anoop Menon)