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Company Overview of Oman Chromite Company (SAOG)

Oman Chromite Company SAOG engages in the mining and marketing of chromite ore in the Sultanate of Oman. It produces and sells refractory materials, such as chips and fines, as well as metal lumps. The company was founded in 1991 and is based in Sohar, the Sultanate of Oman.

Established: 1991 by the Royal Decree No. 65/91
Working the country's numerous chrome ore deposits.
OCC is a public shareholding company working in the mining sector. Our vision is to develop the activities of the company and expand in the studies, production, processing, and marketing the minerals. We believe that this can be achieved through the continuous improvement in our working environment, the best utilization of our resources and developing our competitive advantages through time commitment, fair prices, and best quality.
Our objective at the end is to make the minerals as one of the major income sources to the country and improve the worth of our shareholders and employees.

OCC Commitment

Chrome market in Oman has gained lot of importance. We keep updated with the global trends and sell our products at best prices. This improves profitability and income to government as Royalty. Dividends are paid to shareholders continuously.

After sales service

In order to keep long term successful business relationship with our customer, we make sure that after-sales-service is at our core consideration. However, OCC has

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Customer service

With diversified range of product (grade and size), excellent delivery time and product information our staff is fully prepared to satisfy our consumer needs.

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OCC promise

For the maximum customer satisfaction, we will continuously promote product and service improvement to provide our customer with perfect quality ore under

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Investor's Leaflet

The Sultanate of Oman is one of the most progressive countries in the Middle East. A fast developing nation with a high per capital income and tremendous business potential, it is the ideal destination for corporations on the look out for investment opportunities.
Attractive fiscal incentives and liberal government policies create just the right climate for new investments. Some of these special incentives are:
• Exemption from income tax for a 5 year period renewable for a future 5 years.
• Relief from import duty on raw materials and machinery for five year period.
• Full repatriation of capital, earnings, profit and royalties.
• Stable and freely convertible Omani Rial protects investment returns.
• Fully serviced Industrial Estates across the country offer investors a comprehensive infrastructure that's needed to set up a manufacturing base.
• The Muscat securities Market (MSM) has gained a reputation as one of the most active market in the Gulf. It is regarded as the potential source of new capital for the private sector and is the driving force in the Sultanate's current development phase. It plays a fundamental role in expanding the investment base and promoting wider ownership of assets.
• The Government gives top priority to education and vocational training. Oman has all the essential ingredients for professionally trained workforce, abundant local talent and easy access to skilled and disciplined labour.
• The Sultanate enjoys the benefits of a stable economy. The Oman Rial is pegged to the US Dollars and is freely convertible.
• Free Zone. Sohar Industrial port corporation has a dedicated Free Economic Zone to attract foreign investment. It offers enormous facilities packed with concessions.

Chromite Geology

The dominate feature of the geology of Northern Oman is the Samail Ophiolite sequence. The Samail Ophiolite Nappe of Northern Oman was abducted at the close of the Tethyan Ocean during the Upper Cretaceous period approximately 90 million years ago. The sequence consists of a suite of oceanic and mantle related lithologies and occurs as the mountainous region in Northern Oman. The sequence is host to a number of mineral deposits including chromite.
The Oman Chromite deposits of significance have two main modes of occurrence within rocks of the Samail Ophiolite namely:
• As small bodies concentrated within the uppermost 1.5 km of the Mantle Sequence, just below the base of the Cumulate Sequence
• As large, less abundant bodies scattered within the deeper levels of the Mantle Sequence.

Lithologies found in association with the chromites are Mantle Sequence and Cumulate Sequence rocks. The Mantle sequence consists of two main rock types: harzburgite and dunite. The Cumulate Sequence represents the lowest part of the mid-ocean ridge, consisting of ultramafic cumulates and gabbro cumulates. The chromite deposits are confined to the Mantle Sequence and the ultramafic cumulates.
The chroimte deposits range in form from tabular or lenticular when least deformed, to podiform when most deformed. Most of the bodies strike parallel to regional structures in the Mantle Sequence rocks.
Chromite Mining Activity in Oman.
Due to an upsurge in global demand for minerals especially for chromite from 2005, government. Of Oman issued concession to many private enterprises. So there was enormous mining activates during 2007-2008.

Oil wealth of Oman

The main source of revenue is oil. Oman's proven oil reserves are 5.5 billion barrels as on 1996.

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Natural gas

Gas is the second major source of income for Oman. Natural gas is being exported. Oman Natural gas

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Infrastructure in Oman

Oman's economy has grown dramatically over the past two decades. The backbone of this economy

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