📋 Tender Overview
Scope of Work:
To Explore Block 21 in the Wilayat of Ibra in the Governorate of North A’Sharqiyah.
Description:
Under the agreement, the UK firm will extract nickel and its derivatives with high purity without any carbon emissions (zero carbon). This agreement comes in line with the government's approach to allocate mining concession areas to develop investment in the mineral sector in the Sultanate of Oman. This agreement, is the first mining agreement with a foreign investor. Initial investments related to the exploration and appraisal phase are estimated at about $25 – 30 million in the first three years, covering an area of 1,444 square kilometres.
This phase also includes geological surveys and the drilling of a number of exploratory and appraisal wells, as well as chemical analysis to confirm the quantities of mineral reserves according to approved international standards. Through the agreement, Knights Bay will build, develop and process battery minerals (nickel and cobalt) in the Sultanate of Oman to meet the global demand for nickel through electric car manufacturers.
