Oman Chromite to buy 20% share of low-carbon ferrochrome plant for OMR 500,000

Muscat: Oman Chromite to buy 20% share of low-carbon ferrochrome plant for OMR 500,000

In a disclosure to Muscat Stock Exchange (MSX) website, the company said: “Oman Chrome Company S.A.O.G has signed an agreement on Thursday 27/10/2022 to by (20%) share of a low-carbon ferrochrome plant for OMR 500 Thousand the plant is currently under construction in Sohar Port and Free Zone, which will be an addition to the value-added projects for chrome ore, and it is expected that the company’s profits will be supplemented around 10% of this investment.

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