Latest news with #GreenTechMiningandServices
Observer
3 days ago
- Business
- Observer
Oman opens first copper waste recycling plant
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.
Muscat Daily
4 days ago
- Business
- Muscat Daily
Oman's first copper recycling facility costing RO41mn launched
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.'
Times of Oman
29-01-2025
- Business
- Times of Oman
Green Tech Mining and Services LLC commissions Arjaa Tailing Processing Calibration Plant
Muscat: Green Tech Mining and Services proudly announced the successful commissioning of the Arjaa Tailings Processing Calibration Plant, a landmark in sustainable mining and resource recovery. The ceremony, held on 18th of January 2025, marks a significant milestone in the company's commitment to pioneering environmentally responsible practices in the mining sector. The event was graced by the presence of esteemed dignitaries, including His Excellency the Vice Minister of the Federal Ministry of Finance, Austria, Andreas Reichhardt, Mr. Mattar Al Badi, CEO of Minerals Development Oman (MDO), and a number of highly ranked officials of the Government of the Sultanate of Oman and the local Government of Sohar. Their presence underscored the global and national importance of sustainable mining practices and the alignment of Oman's mining initiatives with international standards. During the ceremony, Chairman Mr. Ernst Grissemann delivered a keynote address emphasizing the company's vision for sustainability and its commitment to producing 'green copper', a critical component in global decarbonization efforts. In his speech Mr. Grissemann highlighted the plant's role in supporting Oman's sustainable development goals while setting a benchmark for environmentally responsible tailings processing. 'On this momentous occasion we celebrate not only the remarkable achievements of our copper tailings remediation project and copper cathode production in Oman, but also to honor the 5th ascension anniversary of His Majesty Sultan Haitham bin Tarik. It is a privilege to align these milestones with significance in Oman, reflecting our shared vision for a brighter and more sustainable future. Today, we proudly announce the successful production of the first high-purity copper cathodes in Oman since 1996. This achievement marks a pivotal moment in the transformation of the mining sector, as we take strides toward becoming an industry that prioritizes environmental, social, and governance (ESG) principles. Our commitment is to create an environmentally friendly and fully transparent industry that benefits all stakeholders. In collaboration with our esteemed partner, Mineral Development Oman, and with a €100 million 'green-certified' investment from BPG Precious Metal Storage PLC in Austria, this initiative exemplifies the power of international cooperation of two friendly countries. As responsible investor and operators in mining waste management, we remain steadfast in our commitment to contribute to Oman's Vision 2040. By fostering innovation and sustainability, we aim to support Oman's journey toward a greener and more prosperous future, ensuring that our endeavours leave a positive and lasting legacy.' H.E. the Vice Minister of the Federal Ministry of Finance, Austria, Andreas Reichhardt addressed the guests, underlining the importance of the project for the economic relations between the Republic of Austria and the Sultanate of Oman. 'I am very happy to have witnessed this commissioning ceremony here at the site. I am convinced that this project will be a lighthouse project in our bilateral economic relations. It underlines the ever-increasing importance of the mining sector and will also generate a great amount of local added value in Oman.' The plant located in the Batinah region has been designed to process mine tailings efficiently while minimizing the environmental impact. By recovering valuable metals, including copper, the facility represents Green Tech Mining & Services ' vision of resource circularity and innovation. The project aligns with Oman's 2040 Vision for diversified economic development based on innovation and for environmental sustainability. The event included a guided tour of the facility, showcasing its state-of-the-art technology and operational capabilities to the distinguished guests and stakeholders. The Arjaa Tailings Processing Calibration Plant is expected to set a benchmark for future projects in sustainable mining and resource recovery across the region.
