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Sovereign Wealth Funds Briefing - Categorized | Market

OIF signs MoU for $60mln roaster plant at Freezone Sohar

Posted on 10 October 2013

Tri-Star Resources, an integrated antimony development company, has announced that it has entered into a non-binding Memorandum of Understanding (MoU) with Oman Investment Fund (OIF), a Sovereign Wealth Fund of Oman, and Castell Investments Ltd whose ultimate parent company is Dubai Transport Company to establish a joint venture company to construct and operate an antimony roasting facility in Oman.
The Roaster, a 20,000 tonne per annum nameplate capacity antimony metal and tri-oxide manufacturing facility, has a total estimated cost of $60 million………………………………………..Full Article: Source


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