Oman Oil acquires 25% stake in Canada's BlackRock
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Oman Oil acquires 25% stake in Canada's BlackRock

Oman Oil acquires 25% stake in Canada's BlackRock

Oman Oil Co (OOC) has made an investment in Quebec-based miner BlackRock Metals Inc., the company's first venture in Canada, Muscat Daily has reported. The investment will be for an equity stake in BlackRock of up to a maximum of 25% upon the achievement of certain project milestones and provides for OOC off-take rights subject to finalisation of terms. The BlackRock project comprises the development and construction of an open-pit mine for the extraction of iron ore with vanadium and titanium.

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