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Oman’s mining firms seek early approvals

MUSCAT, July 25, 2016

Oman’s mining industry has urged authorities to incorporate clear clauses for speedy processing of mining licences in order to avoid project delays and possibility of losses arising from wide fluctuation in metal price in the global markets, said a report.

Top-level officials of mining firms, who are members of a steering committee for finalising programmes for the forthcoming Oman Minerals and Mining Exhibition and Conference, said that mining firms should get clearance for mining project concessions within three to six months so that the companies can take right decision or move to another location, added the Times of Oman report.

The mining industry needs a clearly defined timing for approval in the proposed law and more clarity on the milestones to be achieved within the time frame, it said.
 




Tags: | Oman | industry | Mining | approval |

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