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Oman amends mining law to help local industries

Omani's commerce and industry ministry is working to amend the country's existing mining law, in an effort to reorganise the mining sector and give priority to local industries over the allocation of raw materials, Muscat Daily has reported. "The objective is to give priority to the local factories for the allocation of raw materials," minister Ali bin Masoud al Sunaidy told the daily. Issued in 2003, the current mining law regulates concessions for mining activities in the Sultanate, but despite recent growth in mineral production, the total value of mineral product exports declined by 31% to OR422m in 2011, compared with OR612.7m in 2010.