Record Gold Output from Oman Mine Exceeds 100 kg: Implications for Investors and the Mining Sector
MUSCAT, NOV 2 — Gold production at the Al Wash-hi-Majaza mine in Al Mudhaibi, located in Oman’s Al Sharqiyah North Governorate, has reached approximately 100 kilograms to date. While this figure may be modest in the context of global production, it highlights the Sultanate of Oman’s promising potential in mineral resources, particularly in precious metals.
Gold is extracted in tandem with copper at the Al Wash-hi-Majaza mine, which is operated by Al Hadeetha Resources LLC (AHRL), a joint venture in which Australian-based mining company Alara Resources holds a 51% stake. Since the mine began operations in early 2024, the company has exported over 100 kilograms of gold, dispatched in 28 shipments through SOHAR Port and Freezone up until October 31, 2025.
Copper exports have notably reached 6,218 metric tonnes, establishing Oman as an emerging player in this strategically important sector. In October alone, the company exported approximately 3,707 dry metric tonnes of copper-gold concentrate, marking its highest monthly shipment. These exports were made under a long-term offtake agreement with global commodity trading firm Trafigura.
The gold yields from various shipments have varied, with Parcel 19 containing as little as 1.7 kg and Parcel 9 yielding as much as 6.6 kg. Given the current unprecedented global gold prices, even these moderate yields positively impact the company’s financial performance.
Alara Resources has expressed satisfaction with the mine’s performance in the 12 months leading to June 30, 2025, particularly in light of rising copper prices in international markets.
"While short-term fluctuations in copper prices have been driven by global factors such as potential tariff changes and a tempered economic outlook in China, the long-term fundamentals remain exceptionally strong,” the company stated in its Chairman’s Report.
"Global demand continues to be supported by megatrends in electrification, energy transition, and digitalisation. Analysts, including those from Goldman Sachs, predict copper prices will range from $10,000 to $11,000 per tonne—an optimistic forecast that reinforces our confidence. The year 2025 has been a pivotal one for Alara," remarked Atmavireshwar Sthapak, Managing Director, and John Shingleton, Chairman of Alara Resources.
While focusing on the Al Wash-hi-Majaza Copper-Gold Project, Alara is also pursuing exploration activities across its other Omani projects. These include the Block 7 exploration licence under the Daris joint venture, the Mullaq and Al Ajal exploration licences under the Al Hadeetha joint venture, the Block 8 exploration licence under the Awtad Copper–Power Metal joint venture, and the recently awarded Block 22B exploration licence with Al Hadeetha Mining LLC.
“Building on a banner year of operational gains and expanded exploration across Oman, Alara enters 2026 with renewed momentum and a clear strategy for growth. Recent process upgrades are enhancing efficiency, and the company is advancing its resource base through ongoing drilling initiatives and focused greenfield exploration in high-potential areas,” the Australian mining firm added.
Special Analysis by Omanet | Navigate Oman’s Market
The recent gold and copper production at Al Wash-hi-Majaza mine highlights Oman’s emerging potential as a significant player in the precious metals market. This development creates opportunities for local businesses to engage in mining and ancillary services while attracting foreign investment in the sector. Smart investors should focus on long-term demand trends for copper, driven by electrification and digitalization, as Oman positions itself to capitalize on these megatrends.
