Ubar Mining International LLC, a newly established Omani company, has acquired a 70% stake in an Iranian antimony mine. The Sirzar mine is located about 125km south west of the Iranian city of Mashhad. It is owned by Mashhad-based Part Gowal Gity Co, which specialises in mining and trading of metal and non-metal minerals. Ahmed al Rawahi, executive chairman of Ubar said the acquisition of the stake in the Sirzar mine is aligned to Ubar’s focus to unlock its intrinsic value for shareholders by increasing its portfolio through focused acquisitions. (Muscat Daily)