Mining UK mining company unearths copper deposits in Oman By Saleh Al-Shaibany February 3, 2025, 2:28 PM Foreign Ministry of Oman Exports of copper from the Al Aseel Mine in North Al Batinah via the port of Sohar have restarted for the first time in nearly 30 years Exploration started late 2024 More areas soon up for offer Boost to diversification Major copper deposits in the Al Batinah region of Oman have been uncovered by a UK mining company, Power Metal Resources. The discovery was made in Block 8, about 130km from Muscat. Power Metal Resources acquired the exploration rights for the area from the government of Oman two years ago and started work on it in the fourth quarter of 2024. Recent fieldwork by its majority-held subsidiary Power Arabia “has identified new copper mineralisation, reinforcing the project’s potential as a key force for power metal resources,” the company said in a statement published in Omani media. Oman targets $1.9bn to plug 2025 budget deficit Oman advances plans for mega minerals complex Saudi Arabia chases 15% stake in Pakistan’s Reko Diq mine Last month the state-run Minerals Development Oman resumed exporting copper from the Al Aseel Mine in North Al Batinah via the port of Sohar, with its first shipment in nearly 30 years. Oman’s energy and minerals ministry said last year it was preparing for offering a new batch of concession areas to mining companies. This would include new areas targeting commodities such as chromite, copper, limestone and other minerals. Oman wants to diversify its income away from crude oil production to boost its revenues, which have been hit by chronic deficits. Mining is seen as an alternative for new financial resources to fill up depleted government coffers. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later