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South West Pinnacle JV wins Rs 30 crore mining contract in Oman
By Aman Shukla Published on June 27, 2025, 11:15 IST
South West Pinnacle Exploration Ltd. has announced that its joint venture company, Alara Resources LLC (ARL), has secured a major contract in Oman. The deal, awarded by Minerals Development Oman (MDO), covers the exploration and mining of key minerals like copper, gold, and chromite in concession areas 12B and 13.
The contract is set to run for approximately two years and is valued at around OMR 13,56,000, which translates to roughly ₹30 crore. Under the agreement, diamond drilling up to 40,000 meters will be carried out in multiple stages.
Minerals Development Oman, the awarding body, is a joint initiative of the Oman Investment Authority and Oman National Investments Development Company (TANMIA). Its goal is to harness the country's mineral wealth through strategic collaborations like this one.
This development marks a significant step forward for South West Pinnacle Exploration's international footprint, particularly in the Middle East region. The project does not involve any related party transactions, and there is no promoter interest in the awarding entity, keeping the deal independent and transparent.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at