The Public Authority for Mining (PAM), tasked with regulating the Sultanate's burgeoning mining sector, has announced plans to offer 'investment-ready' mining concessions that - for the first time – that will come bundled with all of the requisite government permits and clearances. The move, according to Hilal bin Mohammed al Busaidy, Chief Executive Officer, is designed to address one of the principal impediments to investment in Oman's hugely promising mining sector: bureaucracy. Other factors that have hindered investment inflows into the sector are proposed to be tackled via a new mining law currently under formulation, according to the official. The draft law, which will supersede the existing law promulgated in 2010, aims to, among other things, mitigate some of the risks that seem to deter foreign investment in the sector, he said. The draft law envisages, for example, longer than usual mining leases to make it attractive for investors to enter this sector, he said. (Oman Observer)