Gulf Mining Secures Key Concession Area 11-C in Al Buraimi: What This Means for Investors in Oman’s Mining Sector
MUSCAT: Royal Decree No. 101/2025 has been issued, formally ratifying the Exploration and Mining Concession Agreement between the Government of the Sultanate of Oman and Gulf Mining Materials Company for Concession Area 11-C in Al Buraimi Governorate, as announced in the Official Gazette.
This agreement, signed on August 12, 2025, by the Ministry of Energy and Minerals, represents a significant advancement in Oman’s mining sector, underscoring its role as a vital component of the nation’s economic diversification strategy.
Under the terms of the agreement, Gulf Mining Materials Company has been granted exploration and mining rights for Concession Area 11-C, which spans approximately 1,089 square kilometers. The area is notable for its extensive ophiolite rock formations and geological signs indicative of copper and chromium ores—minerals of strategic importance.
The initial phase of the project is planned to last two to three years and will concentrate on conducting detailed topographical, geochemical, and geophysical surveys, alongside exploratory drilling and trenching, to evaluate the commercial viability of the mineral deposits.
Special Analysis by Omanet | Navigate Oman’s Market
The ratification of the Exploration and Mining Concession Agreement for Al Buraimi highlights Oman’s strategic push to diversify its economy through mining, focusing on copper and chromium, which are critical for industrial and tech sectors globally. This creates significant opportunities for investors and entrepreneurs to engage in upstream mining activities and related industries as Oman positions itself as a key mineral supplier. Smart investors should monitor the survey results closely in the next 2-3 years to capitalize on early-stage exploration gains and emerging supply chain prospects.
