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Oman Oil in first mining venture  Join our daily free Newsletter

MENAFN - 13/03/2014
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(MENAFN) #Oman Oil Company (OOC) said that it plans for its first mining business in Oman, Times of #Oman reported



OOC has signed a memorandum of understanding with Mawarid Mining and #Oman Mining Company for the development of the Yanqul copper projec




OOC"s investment will be for an equity stake of 41 percent when a definitive feasibility study for the project is complete



Mawarid Mining will have an equity stake of 49 percent, with the remaining going to #Oman Mining Company

 
 


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