Mining

Mining Sector in Oman

Unlocking Oman’s Mineral Wealth

Oman’s mining industry is a strategic pillar of Vision 2040, aiming to increase the sector’s GDP contribution from 1.4% in 2020 to 10% by 20401. The country’s 700-km mountain range hosts world-class deposits of copper, gold, chromite, and industrial minerals like limestone and gypsum. Historically known as the “land of copper” (Majan), Oman combines ancient expertise with modern regulatory frameworks and infrastructure, positioning itself as a regional hub for mineral production and export

Ranked

5 th

globally in gypsum production

2023

GDP Contribution

629 m

American Dollar (USD) Of Oman’s Total GDP

2021

Exports

202 bn

American Dollar (USD) of Mineral products

2023

Copper Reserves

2.78 m

Tones Across major mines

2023

Market Trends & Growth

The future of Oman's mining sector shines bright with promising growth trajectories. Backed by strategic investments and rising global demand, the sector is set to achieve remarkable expansion across production, exports, and employment.

Mining output

2018

26 m

Tones

2023

147 m

Tones

Production Growth Reach

465 %

in 5 years

Gypsum Production

Oman Ranked

5 th

globally in gypsum production

contributing

26 m

of the world's output

Unlocking Oman’s rich resources

Opportunities and Projections

Unlock diverse investment pathways in Oman's dynamic mining landscape. From ready-to-launch projects to innovative technology solutions, the sector presents numerous opportunities for visionary investors seeking sustainable returns.

Investment Opportunities

Ready-to-Invest Projects

Government-backed feasibility studies for key mining projects in copper, limestone, and rare earth minerals.

Value Addition

Opportunities in downstream industries, including mineral processing, refining, and manufacturing.

Exploration and Extraction

Open investment opportunities in untapped mineral reserves with incentives for exploration activities.

Sustainability-Focused Ventures

Green mining initiatives, including waste recycling, eco-friendly extraction technologies, and sustainable mineral processing.

Mining-Linked Infrastructure

Development of logistics and supply chain solutions to support mining operations, including ports, roads, and industrial hubs.

Growth Projections

Growth Forecast -

The mining sector is expected to grow at an annual rate of 5–7% over the next decade, fueled by government investments and international partnerships.

Global Market Trends -

Global copper needs for clean energy technologies are expected to double by 2035, with Oman targeting 800,000 tonnes annually from its mines

Technology Adoption -

Increased use of automation, AI, and sustainable mining techniques to enhance efficiency and environmental compliance.

Oman Mining Market
Market Size in USD Million

CAGR 6.3%

USD 686

2025

USD 779

2023

Unlocking Oman’s rich resources

Strategic Developments and Infrastructure

Industrial Cities & Logistics Hubs

Ibri Industrial City

Dedicated to mining, quarrying, and oilfield services across 10 million m² in Al Dhahirah Governorate.

Sohar Industrial City

Integrated copper processing (Mawarid concentrator) and Phase 7 expansion (RO 13M)

Duqm SEZ

Positioned as a strategic link. Proximity to Duqm Port enables access to Asian and African markets for copper, gypsum, and chromite

Downstream Value Chain

Mazoon Copper Plant

2.5 million tonnes/year processing plant in Yanqul, producing 115,000 tonnes of 21.5% grade copper concentrate annually by 2027. EPCM partnership with Lycopodium ensures cutting-edge automation and efficiency.

Titanium Dioxide Plant (Suhar)

150,000 tonnes/year facility in Suhar Free Zone, leveraging Oman’s ilmenite reserves (commercial production by Q1 2025)

Salt Evaporation Project (Mahout)

1.5 million tonnes/year raw salt production for export and industrial use, linked to Duqm’s logistics network

Exploration & Technology Investments

Airborne Geophysical Surveys

2022–2025 Program: Mapping 21,480 km² of concession areas to identify copper, gold, and chromite reserves

AI & Automation

Mazoon Mine: Deployment of autonomous haulage systems and 3D modeling to optimize extraction. Focusing on sustainability, Solar-powered mining equipment and water recycling systems align with Oman’s net-zero goals

Strategic Partnerships

Minerals Development Oman (MDO)

Role: Leads exploration via subsidiaries (e.g., Mazoon Mining) and offers joint ventures for high-potential projects

Investment: $260 million committed to copper, gypsum, and chromite projects.

International Collaborations

Lycopodium (Canada): Provides engineering expertise for Mazoon’s concentrator plant

Al Tamman Indsil FerroChrome: Partnering on North A’Sharqiyah chromite exploration

Why Choose Oman for Mining Investment?

Gateway Positioning

48-hour logistics reach to 3B consumers across Asia, Africa, and Europe

Resource Wealth

Over 30 commercially viable minerals and 300+ potential sites

Advanced Infrastructure

roads, and industrial zones like Sohar and Duqm tailored for mining logistics

Sustainability Focus

Alignment with global clean energy transitions through copper and critical mineral supply

Government Support: Powering Mining Excellence

The company is not obliged to achieve the Omanization rate at thr exploration stage

Concession areas are granted for 20 to 30 years (the convention includes prospecting, exploring, and mining)

Investors can explore all available minerals in the area, and they have the right to exploit selected minerals according to the economic feasibility study

Up to 10 years of corporate tax exemptions for manufacturing projects.

Export Acceleration: Customs exemptions for 71 countries across 15 trade agreements.

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