A land lease agreement has been signed by Oman’s Sohar free zone with Strategic and Precious Metals Processing Co to set up a $60m project to manufacture antimony metal and trioxide, a precious material used as a flame retardant in a wide range of industries, Times of Oman has reported. The company is a joint venture between UK-based Tri-Star Resources, Oman Investment Fund, and Castell Investments. The project will be capable of producing 20,000 tonnes of refined metal ingots. Once operational, the plant will be one of the world’s biggest manufacturing facilities of its kind outside China.
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