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English news

18-Sep-2016

New copper deposits found in Oman

London-based mining firm Savannah Resources has reported further positive results from Oman, where it has uncovered deposits of copper in its Block Four and Block Five areas. Between 10.7mn and 29mn tonnes of copper ore, which would yield between 150,000 and 700,000 tonnes of copper are expected to be mined by Savannah Resources. Savannah Resources is prospecting for metal deposits in the Sultanate, and holds a 65% stake in two mining companies – Al Thuraya LLC and Al Fairuz Mining. The company aims to begin commercial copper production by 2017, a significant amount of which will be exported from Sohar's deepwater port. (Times of Oman)

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