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21-Mar-2019

SPMP secures short-term funding for Sohar project, mulls stock market listing

Tri-Star Resources, the UK-based mining and minerals processing company, on Wednesday announced that significant short-term funding has been agreed for Strategic & Precious Metals Processing LLC (SPMP), which owns the antimony-gold processing facility in Sohar. Tri-Star holds a 40% shareholding in SPMP, while Oman Investment Fund Holding (OIF) and DNR Industries Ltd own 40% and 20% stakes in the project, respectively. The shareholders of SPMP have also agreed to explore a stock exchange listing of SPMP, provisionally to take place once commercial production has been achieved, Tri-Star said in a statement posted on its website. 

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