11,311.31 TRY BIST 100 BIST 100
49.99 EUR EUR EUR
42.61 USD USD USD
6.07 CNY CNY CNY
0.12 CNY CNY/EUR CNY/EUR
38.34 TRY Interest Interest
61.45 USD Fossil Oil Fossil Oil
86.33 USD Silver Silver
11,311.31 USD Copper Copper
101.64 USD Iron Ore Iron Ore
349.00 USD Shipbreaking Scrap Shipbreaking Scrap
5,944.55 TRY Gold (gr) Gold (gr)

New initiative from Minerals Development Oman

Oman based company Minerals Development Oman, an ore processing and mining company, announced that it is working on a number of projects related to its mineral development initiative, which is planned to be operational in the upcoming period.

New initiative from Minerals Development Oman

Minerals Development Oman, an ore processing and mining company based in Oman, is planning to focus on the production of copper ore, chromite, magnesium ore, soft silica, gypsum, limestone and dolomite. Minerals Development Oman (MDO) reported that it is working on a few projects related to its minerals development initiative, which is planned to be operational in the coming years.

It intends to continue its work with Oman Mining Company (OMCO), a subsidiary of MDO. According to MDO, the copper smelter in Oman will be utilized to support the production of ferrosilicon. OMCO is reportedly aiming to improve its commercial performance and is expected to invest in concentrator and refinery facilities capable of producing 20,000 metric tons of copper.

The commercialization of 100,000 metric tons of chromite ore at Fanja and Al Raki, which was reported in the annual feasibility study report last year, is underway with MDO's decision. Oman Mining Company will be involved in this project to extract ore from the Fanja and Al Raki fields.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Yinhawangka Aboriginal Corporation and Rio Tinto sign interim modernized agreement

Friday, December 12, 2025

JSW Steel commissions world’s first RH ladle shaking system with SMS group FvE technology

Friday, December 12, 2025

CISA: export license in steel a critical step for high-quality sector transformation

Friday, December 12, 2025

Meranti Green Steel signed cooperation agreement with Amnah Energy for green HBI project in Oman

Friday, December 12, 2025

Weekly changes in Türkiye’s long products market

Friday, December 12, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now