Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Precious Metal»MAWARID MINING EXPORTS FIRST SHIPMENT OF OMANI COPPER CONCENTRATES, MARKING A NEW MILESTONE IN THE SULTANATE’S MINING INDUSTRY
    Precious Metal

    MAWARID MINING EXPORTS FIRST SHIPMENT OF OMANI COPPER CONCENTRATES, MARKING A NEW MILESTONE IN THE SULTANATE’S MINING INDUSTRY

    October 29, 20243 Mins Read


    MUSCAT, Oman, Oct. 29, 2024 /PRNewswire/ — Mawarid Mining, the mining arm of Mohammed Al Barwani Group, has announced the successful export of its first shipment of copper concentrates. The shipment was mined from the Al Ghuzayn underground copper project, from which Mawarid Mining is expecting to extract over 1 million tons of ore per year to be concentrated locally, producing around 20,000 tons of copper concentrate per year to be exported.




    MAWARID MINING EXPORTS FIRST SHIPMENT OF OMANI COPPER CONCENTRATES, MARKING A NEW MILESTONE IN THE SULTANATE'S MINING INDUSTRY






    MAWARID MINING EXPORTS FIRST SHIPMENT OF OMANI COPPER CONCENTRATES, MARKING A NEW MILESTONE IN THE SULTANATE’S MINING INDUSTRY

    As Oman’s only underground copper mining project, Al Ghuzayn represents a pivotal moment in the country’s mining sector. Mawarid Mining, in cooperation with its contractor Gulf Rock Engineering, commenced development of the Al Ghuzayn project in early 2023, further cementing its role as a leader in Oman’s mining industry.

    The copper ore extracted from Al Ghuzayn is processed at Mawarid Mining’s Lasail Copper Concentrator. Refurbished by Mawarid Mining’s expert team in collaboration with global specialists, the facility is now capable of processing over 130 tonnes per hour of ore, ensuring the production of commercially viable copper concentrates. The refurbishment guarantees the continuation of operations at the concentrator for at least 25 more years.

    Tariq Al-Barwani, Managing Director of Mawarid Mining, said:  “We are proud to have completed our first global copper shipment, a success made possible through the dedication of our team, contractors, and the support of our stakeholders, including the Omani government. This milestone reflects the MB Group’s continued contribution to Oman’s national economy and its diverse industries.”

    With over 6.4 million tonnes of copper ore reserves at a depth starting from 75 meters and reaching around 250 meters underground, Al Ghuzayn project is expected to have a mine life of seven years. The project employs advanced underground mining techniques that significantly reduce environmental footprint by minimizing noise and dust emissions.

    Haitham Al-Bahrani, Chief Corporate Officer at Mawarid Mining, said:  “Mawarid Mining leverages world-class mining and processing technologies to transform copper ore into high-quality copper concentrates. In addition, as a proud local partner, we are committed to maximizing In-Country Value (ICV) and strengthening Oman’s presence in the global copper market.”

    Chris Jordinson, Deputy Chief Executive Officer, underscored the importance of copper for global sustainability by saying: “Copper is essential to the world’s green energy transition, playing a critical role in industries such as electric vehicles, renewable energy, and advanced technology sectors. The development of Al Ghuzayn is a transformative step not just for Oman but for the broader Middle Eastern mining landscape.”

    Al Ghuzayn is considered the latest in a list of projects developed by Mawarid locally and internationally, including ongoing projects in Namibia, Rawanda, and Papua New Guinea. Mawarid also has successfully completed four mining projects in Oman, from which it has processed over 6 million tons of ore.

    ABOUT MAWARID MINING

    Mawarid Mining LLC (Mawarid) is a wholly owned subsidiary of Mohammed Al Barwani LLC (MB LLC) based in the Sultanate of Oman. Mawarid is focused on the sustainable mineral exploration and development of mining projects domestically and internationally.

    Mawarid has successfully initiated, led, and concluded a number of copper exploration, development, and operational projects in Oman. Additionally, Mawarid has made strategic acquisitions and investments with near term development projects. Mawarid is now active in the Sultanate of Oman, Namibia, Rwanda and Papua New Guinea.

    Contact Information

    Ammar Al Naaimi
    Senior Editor
    MB LLC
    +968 97545217
    [email protected]

    Photo – https://mma.prnewswire.com/media/2543627/MAWARID_MINING_Team.jpg



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Gold and Silver About to ‘Beeline’ to All-Time Highs, According to Fundstrat Analyst

    Precious Metal

    Gujarat emerges as India’s copper hub, amid soaring demand from sunrise sectors – Industry News

    Precious Metal

    Gold, Silver prices dip this week, but long-term outlook remains bullish

    Precious Metal

    Bundesbank weighs abandoning Frankfurt headquarters

    Precious Metal

    How to get the Gold Beanstalk in Grow a Garden

    Precious Metal

    Morocco Strategic Minerals Reports High Copper Values at Tifernine

    Precious Metal
    Leave A Reply Cancel Reply

    Top Picks
    Investments

    The Future of Chinese Engagement in Kazakhstan – The Diplomat

    Visa lanza “Commercial Integrated Partners” para impulsar el ecosistema fintech

    Fintech

    Product Management and Fintech UX Design: Designing a Dashboard for Your Banking App – FF News

    Editors Picks

    What happened when this US couple moved to Greece in their 70s

    July 31, 2024

    DiZoglio keeps audit of the Legislature pedal to the metal – Sentinel and Enterprise

    October 27, 2024

    These 2 Dividend Stocks Also Happen to Be American Companies (Somewhat) Insulated From Trade War Troubles

    May 18, 2025

    PCC & the new economic arms race – Opinion

    April 26, 2025
    What's Hot

    Despite a drop in sales in 2024, the luxury group maintains its investments

    May 21, 2025

    Fonterra lifts farmgate milk price on commodity boost

    August 23, 2024

    Generali Investments dévoile son premier fonds de crédit privé secondaire avec Partners Group

    April 22, 2025
    Our Picks

    Quant optimiert die Geldverwaltung mit der Einführung eines branchenweiten programmierbaren Geldsystems

    May 21, 2025

    Pakistan at risk of FATF grey list return over digital transactions, warns Pak Finance Minister Aurangzeb – World News

    August 24, 2025

    DIFD Auto Introduces Cryptocurrency as a Payment Option for Car Buyers

    August 13, 2025
    Weekly Top

    Gold and Silver About to ‘Beeline’ to All-Time Highs, According to Fundstrat Analyst

    August 24, 2025

    Cryptocurrency Live News & Updates : Shiba Inu Price Faces Potential Volatility Ahead

    August 24, 2025

    Cryptocurrency: unlocking the digital vaults

    August 24, 2025
    Editor's Pick

    2024 a été une année terrible pour la France, confirme l’Insee

    July 3, 2025

    Les médecins de plus en plus inquiets : un métal présent dans ce féculent est considéré comme “l’un des plus toxiques qui soient”

    June 26, 2025

    Cryptocurrency Trader Shoots Self During Livestream After Losing $500 In Memecoin Investment

    February 24, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.