SPMP – Antimony and Gold Processing Plant – Oman - Project Profile

Synopsis


"SPMP Antimony and Gold Processing Plant Oman - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "SPMP Antimony and Gold Processing Plant Oman - Project Profile" is part of Timetrics database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary


Strategic & Precious Metals Processing LLC (SPMP) is undertaking the Antimony and Gold Processing Plant project in Sohar, Oman.

The project involves the construction of an antimony plant and a gold processing plant and being developed in two phases.

First phase includes the construction of a 20,000 tonnes per year metal and tri-oxide manufacturing roasting facility on 22ha of land with an investment of US$100 million.

Second phase includes the construction of a gold processing plant of capacity 50,000 ounces with an investment of US$350 million.

The project also includes the construction of processing units, production units, administrative space, distribution facilities, and the installation of machinery.

Greenstone Equity Partners, a Dubai-based investment and advisory firm, has been appointed as financial advisor for the project.

In October 2013, Tri-Star signed a non-binding MOU with Oman Investment Fund (OIF) and Castell Investments Ltd (formally called DNR Industries) subsidiary of Dubai Transport Company (DUTCO) and formed as a joint venture SPMP in April 2014 to construct and operate the project.

On June 10, 2014, Sohar Freezone signed a lease agreement with SPMP.

A US$10 million mezzanine loan from OIF and US$20 million funded by the equity partners, pro rata to their level of ownership (i.e. TriStar will fund US$8 million) for the first phase of the project.

In February 2015, Bank Nizwa S.A.O.G. signed an agreement with SPMP to provide US$40 million loan.

WorleyParsons Oman has been appointed as Engineering, Procurement and Construction Management (EPCM) contractor for the project.

In August 2015, construction works on the first phase commenced.

In June 2017, SPMP signed an agreement with Traxys Europe for the supply of antimony gold concentrates to Oman Antimony Roaster.

In March 2018, SPMP signed an agreement with Alizz Islamic Bank S.A.O.G (Alizz Bank) for US$30 million loan.

Construction works on the first phase are underway and scheduled for completion in June 2018.

Scope


The project involves the construction of an antimony trioxide and gold plants in Sohar, Oman.

The US$450 million project includes the following:

1. Construction of a 20,000 TPA metal and tri-oxide manufacturing roasting facility

2. Construction of a gold processing plant with a capacity 50,000 ounces

3. Construction of production units

4. Construction of an administrative space

5. Construction of distribution facilities

6. Construction of related infrastructure facilities

7. Installation of machinery

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1.Key Statistics
2.Key Dates
3.Sector
4.Tender Information
5.Scope
6.Description
7.Latest update
8.Background
9.Key Contacts
10.General News, Project News
11.Appendix


SPMP – Antimony and Gold Processing Plant – Oman - Project Profile

Synopsis SPMP Antimony and Gold Processing Plant Oman - Project Profile contains information on the scope of the project including project overview and location. The profile also details project

USD 75 View Report

SPMP – Antimony and Gold Processing Plants – Oman - Project Profile

Synopsis SPMP Antimony and Gold Processing Plants Oman - Project Profile contains information on the scope of the project including project overview and location. The profile also details project

USD 75 View Report

SPMP – Antimony and Gold Processing Plants – Oman - Project Profile

Synopsis SPMP Antimony and Gold Processing Plants Oman - Project Profile contains information on the scope of the project including project overview and location. The profile also details project

USD 75 View Report

SPMP – Antimony and Gold Processing Plants – Oman - Construction Project Profile

Synopsis SPMP Antimony and Gold Processing Plants Oman - Construction Project Profile contains information on the scope of the project including project overview and location. The profile also details

USD 75 View Report

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