Tuesday, 17 October 2017 10:13 GMT
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Oman Oil in first mining venture

(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 project



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
Oman Oil in first mining venture