Latest news with #GreenTechMining
Zawya
14 hours ago
- Business
- Zawya
Move to localise Oman's ‘green copper' value chain
MUSCAT: A pioneer in the production of 'green copper'—copper cathode extracted from mining waste—is now exploring opportunities to boost in-country value (ICV) through potential investments in domestic copper rod manufacturing. The move seeks to localise the entire green copper lifecycle, from tailings to finished rod, said Imraan Shaikh, Managing Director of Green Tech Mining & Services. Earlier this month, the company— a joint venture between Oman Mining Company (49%) and Austria-based BPG Precious Metal Storage Plc (51%)—commissioned the Arjaa Tailings Processing Calibration Plant (ATPCP) in Suhar. This first-of-its-kind facility recycles copper tailings using renewable energy and advanced clean technologies. The facility, which serves as a precursor to a full-scale commercial plant scheduled to break ground before year-end, treats acid mine drainage waters and processes leaching deposits from stripping, overburden, and low-grade ore stockpiles to recover valuable metals. Green copper output, currently a modest 60 tonnes per annum, is projected to soar to 12,000 tonnes when full commercial operations commence in December 2026. While current production is exported under an offtake agreement with international commodities trader Traxys, Green Tech Mining is now engaging with local industry players to foster downstream processing in Oman. 'The Ministry of Commerce, Industry, and Investment Promotion is keen to enhance in-country value,' said Shaikh in an interview with The Energy Year, a leading business news platform. 'We are in discussions with Oman Cables and Nuhas Oman to explore copper rod production using locally recycled green copper.' Green Tech Mining currently manages around 18 million tonnes of copper tailings at Arjaa, a legacy of copper mining operations from 1983 to 1994. An additional 6 million tonnes has been secured through a partnership with leading Omani miner, Mawarid Mining. More tailings are expected to become available as a new wave of copper mining and processing projects gathers pace in the Sultanate. The company's green copper initiative is built on a 'sustainable circular mining' model, combining low-carbon reprocessing technologies with renewable energy. Funding for the project was raised through green bonds certified by Austria's Ministry of Climate Affairs and Energy. 'This is not just a financial milestone—it's a global first,' Shaikh noted. 'While major firms like BHP have issued green bonds for renewable energy, our bonds are the first in the world dedicated specifically to mine tailings remediation. It is also the first green bond-funded project in the GCC's mining sector.' With copper now officially designated a critical mineral due to its essential role in the global energy transition, Green Tech Mining aims to contribute to closing the supply gap through environmentally responsible tailings recovery.
Observer
2 days ago
- Business
- Observer
Move to localise Oman's ‘green copper' value chain
MUSCAT: A pioneer in the production of 'green copper'—copper cathode extracted from mining waste—is now exploring opportunities to boost in-country value (ICV) through potential investments in domestic copper rod manufacturing. The move seeks to localise the entire green copper lifecycle, from tailings to finished rod, said Imraan Shaikh, Managing Director of Green Tech Mining & Services. Earlier this month, the company— a joint venture between Oman Mining Company (49%) and Austria-based BPG Precious Metal Storage Plc (51%)—commissioned the Arjaa Tailings Processing Calibration Plant (ATPCP) in Suhar. This first-of-its-kind facility recycles copper tailings using renewable energy and advanced clean technologies. The facility, which serves as a precursor to a full-scale commercial plant scheduled to break ground before year-end, treats acid mine drainage waters and processes leaching deposits from stripping, overburden, and low-grade ore stockpiles to recover valuable metals. Green copper output, currently a modest 60 tonnes per annum, is projected to soar to 12,000 tonnes when full commercial operations commence in December 2026. While current production is exported under an offtake agreement with international commodities trader Traxys, Green Tech Mining is now engaging with local industry players to foster downstream processing in Oman. 'The Ministry of Commerce, Industry, and Investment Promotion is keen to enhance in-country value,' said Shaikh in an interview with The Energy Year, a leading business news platform. 'We are in discussions with Oman Cables and Nuhas Oman to explore copper rod production using locally recycled green copper.' Green Tech Mining currently manages around 18 million tonnes of copper tailings at Arjaa, a legacy of copper mining operations from 1983 to 1994. An additional 6 million tonnes has been secured through a partnership with leading Omani miner, Mawarid Mining. More tailings are expected to become available as a new wave of copper mining and processing projects gathers pace in the Sultanate. The company's green copper initiative is built on a 'sustainable circular mining' model, combining low-carbon reprocessing technologies with renewable energy. Funding for the project was raised through green bonds certified by Austria's Ministry of Climate Affairs and Energy. 'This is not just a financial milestone—it's a global first,' Shaikh noted. 'While major firms like BHP have issued green bonds for renewable energy, our bonds are the first in the world dedicated specifically to mine tailings remediation. It is also the first green bond-funded project in the GCC's mining sector.' With copper now officially designated a critical mineral due to its essential role in the global energy transition, Green Tech Mining aims to contribute to closing the supply gap through environmentally responsible tailings recovery.
Zawya
03-06-2025
- Business
- Zawya
Oman opens first copper waste recycling plant
The first production phase is scheduled to begin in June 2025 with an output capacity of 60 tonnes of copper cathodes per year. By December 2026, capacity is expected to scale to 12,000 tonnes annually Oman has inaugurated its first industrial plant dedicated to converting legacy copper mining waste into high-purity copper using renewable energy and eco-friendly technologies — a major step toward green industrialisation and sustainable resource management in line with Oman Vision 2040 goals. Located in the Wilayat of Suhar, the plant was officially opened on Monday under the auspices of Qais bin Mohammed al Yousef, Minister of Commerce, Industry and Investment Promotion. The launch was attended by ministers, senior officials and business leaders from across Oman's public and private sectors. Developed by Green Tech Mining and Services, the project is the first of its kind in the country. It was made possible through a strategic partnership between Oman Mining Company and Austria-based BPG Group, with support from the Ministry of Commerce, Industry and Investment Promotion. Total investment exceeds RO 41 million. The initiative aims to turn environmental liabilities into economic value by reprocessing waste from historical copper mining operations. The first production phase is scheduled to begin in June 2025 with an output capacity of 60 tonnes of copper cathodes per year. By December 2026, capacity is expected to scale to 12,000 tonnes annually — significantly enhancing Oman's footprint in the regional green mining sector. Dr Saleh bin Said Masan, Under-Secretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry, described the project as a 'qualitative leap' in Oman's industrial trajectory. 'This plant integrates environmental sustainability with economic diversification and industrial localisation. It reflects our commitment to innovation-led development and cleaner industrial practices.' The project also supports the Oman Industrial Strategy 2040 by boosting value-added production, attracting high-tech investments and localising industries that harness the country's natural resources. Copper cathodes produced at the facility will be classified as sustainably recycled metal — a key asset in global decarbonisation supply chains. Khalid bin Salim al Qasabi, Director-General of Industry at the ministry, said the plant represents a practical embodiment of the ministry's push to enable advanced industrial projects. 'We worked to ensure streamlined procedures and robust technical standards to bring this facility online. It's a model of regulatory coordination and sustainable investment.' Ernst Grissemann, CEO of BPG Group, highlighted the long-term vision behind the project, which began in 2018. 'The use of renewable energy and the plant's zero-waste approach underlines our dedication to the responsible industry. This facility positions Oman as a regional hub for green transformation in the mining sector.' As Oman seeks to elevate its industrial competitiveness, reduce environmental impact, and create new value chains from existing resources, this project offers a blueprint for scalable, environmentally responsible industrial growth — reinforcing the Sultanate's position in the global transition to sustainable development. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Zawya
03-06-2025
- Business
- Zawya
Oman's first copper recycling facility costing $106mln inaugurated
Muscat – Ministry of Commerce, Industry and Investment Promotion (MoCIIP) officially inaugurated Oman's first facility dedicated to recycling copper from mining waste on Monday, marking a significant development in the sultanate's green industrial efforts. The RO41mn plant is located in Suhar. Developed by Green Tech Mining and Services, the facility uses sustainable technologies to process legacy mining waste into copper cathodes. It is the first of its kind in Oman and aims to support the sultanate's transition towards a green economy. The opening was held under the patronage of H E Qais bin Mohammed al Yousef, Minister of Commerce, Industry and Investment Promotion, and attended by senior officials and industry representatives. The project forms part of wider goals under Oman Vision 2040 and the Oman Industrial Strategy 2040, which aim to increase the added value of local resources, localise industries and enhance competitiveness of the sultanate's industrial base. The integrated complex was developed through a partnership between BPG Group and Oman Mining Company, with direct support from MoCIIP. Production is scheduled to be-gin in June 2025, with an initial output of 60 tonnes of copper cathodes per year. The capacity is expected to increase to 12,000 tonnes annually by December 2026, making Oman a regional player in sustainable mining. H E Dr Saleh bin Saeed Masan, Undersecretary for Commerce and Industry in MoCIIP, said the facility represents a 'qualitative leap' in building an innovation-led and sustainable industrial sector. 'This project is a practical example of clean technology in action, and a testament to the government's commitment to integrating sustainability into industrial development,' he said. Khalid bin Salim al Qasabi, Director General of Industry in MoCIIP, stated that the facility supports the ministry's aim to promote industrial projects that meet global environmental and technical standards. Imran Shaikh, Managing Director of Green Tech Mining and Services, said the project is the result of a long-term partnership that began in 2018. 'Launching the first phase of production using renewable energy is a strong reflection of our commitment to sustainability and Oman's green economy.' © Apex Press and Publishing Provided by SyndiGate Media Inc. (
