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Oman to license value added mineral projects only
- Oman: Monday, February 11 - 2013 at 05:11
Oman's commerce and industry ministry has said licences will only be issued to mining and mineral companies that export value added products, Times of Oman has reported. The existing mining companies, such as limestone, that are exporting raw minerals will be given a grace period to set up industries to add value, undersecretary at the ministry, Eng. Ahmed bin Hassan Al Dheeb, told the daily. "As per the new regulation, we are trying to stop exporting minerals. The new regulation stipulates that the companies setting up mineral units in the country have to add value to the raw mineral available in the country," he said.
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