Strategic & Precious Metals Processing

What Strategic & Precious Metals Processing does

Strategic & Precious Metals Processing (SPMP) is a private Omani joint venture founded in 2014 that operates an antimony roasting and gold processing smelter inside the Sohar Industrial Free Zone. The company converts globally sourced primary sulphide concentrates into finished antimony metal and antimony trioxide, produces gold doré as a byproduct, and generates industrial gypsum from flue gas desulfurisation. Its plant is the first western-world minor metal primary smelter built in nearly 40 years and is engineered to recycle 90% of its water requirement while complying with EU guidelines, US EPA, and Oman Environment Authority rules.

SPMP generates revenue through direct B2B sales to industrial manufacturers, with the bulk of value coming from antimony metal and antimony trioxide used in flame retardants, lead-acid and advanced batteries, plastics, glass, ceramics, and metallurgical alloys. Gold doré and industrial gypsum contribute secondary revenue streams. At full capacity, the facility produces 20,000 tonnes of antimony products and 50,000 ounces of gold per annum, representing approximately 15% of average global antimony supply. Commercial production began in July 2019, with first gold doré sale in November 2019.

The business model is anchored by a three-shareholder joint venture structure: the Government of Oman through Oman Investment Authority (OIA), UK-listed Tri-Star Resources PLC, and DNR Industries Ltd, part of the Dubai-based Dutco Group. SPMP operates a customer and feedstock supplier registration portal, sells via direct engagement and long-term supply agreements, and markets through its corporate website, social channels, and industry press. The company's positioning emphasizes a clean, responsible, diversified source of antimony aligned with Oman Vision 2040.

Name

Strategic & Precious Metals Processing

Legal name

Strategic & Precious Metals Processing (FZC) LLC

Website

https://spmp.co.om

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

251–500 employees

Short description

SPMP operates an antimony roasting and gold processing smelter in Sohar, Oman, producing antimony metal and trioxide, gold doré, and industrial gypsum for global industrial manufacturers in flame retardants, batteries, plastics, glass, and ceramics, contributing roughly 15% of world antimony supply.

Ownership category

akta.pro rank

Product category

Antimony and Precious Metals Processing

NAICS

Nonferrous Metal (except Aluminum) Smelting and Refining (33141)

SIC

Primary Smelting & Refining Of Nonferrous Metals (3330), Industrial Inorganic Chemicals (2810)

akta.pro primary industry

Precious Metals Smelting & Refining (IMAKAEAE)

Keywords

• Antimony smelting
• Gold doré production
• Precious metals processing
• Antimony trioxide manufacturing
• Industrial gypsum byproduct

Headquarters

HQ city

Sohar

HQ country

Oman

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Antimony Products (Metal and Trioxide) Sales: SPMP converts primary sulphide concentrates from mines globally into finished antimony metal and antimony trioxide, which are sold to industrial manufacturers. At full capacity, SPMP produces 20,000 tonnes of antimony products per annum. Applications include flame retardants, batteries, plastics, glass, and ceramics.
2. Gold Doré Sales: Gold doré (Cu-Au alloy bars with high gold content) is produced as a byproduct of the antimony processing. SPMP is Oman's only gold doré exporter. In November 2019, the company celebrated the sale of its first batch of gold doré.
3. Industrial Gypsum Sales: Gypsum is a byproduct generated from flue gas desulfurisation during antimony ore conversion. Sold to manufacturers of gypsum panel products, cements, wallboards, and glass. Environmental agencies recommend this type of gypsum for sustainability.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

SPMP operates an integrated processing facility that converts primary sulphide concentrates from mines worldwide into finished antimony products (metal and trioxide), gold doré as a byproduct, and industrial gypsum from flue gas desulfurisation. The Sohar, Oman facility has an annual production capacity of 20,000 tonnes of antimony products and 50,000 ounces of gold, serving global industrial manufacturers in flame retardants, batteries, plastics, glass, ceramics, and construction materials.

Product overview

SPMP operates as a strategic and precious metals processing company with a single integrated facility in Sohar Industrial Free Zone, Oman. The company processes primary sulfide concentrates into antimony products (metal and trioxide) and gold doré as a byproduct. Gypsum is generated as a secondary product from the production process. The facility has a production capacity of 20,000 tonnes of antimony products and 50,000 ounces of gold per annum, contributing approximately 15% of global annual antimony production. SPMP is the first western-world minor metal primary smelter in nearly 40 years and Oman's first antimony and only gold doré exporter.

Differentiator

Problem solved

Functional benefit

Products and services

• Antimony Metal (Sb) Strategic minor metal produced from primary sulphide concentrates at SPMP's Sohar facility. Sold to global industrial manufacturers for use in flame retardants, lead-acid battery grids, PET polymer catalysts, PVC heat stabilisers, glass decolourising, ceramic enamels, and metallurgical alloys.
• Antimony Trioxide Antimony oxide form produced at SPMP's facility, primarily used as a flame retardant in plastics, textiles, foams, household goods, wood products, printed circuit boards, and electrical/electronic equipment.
• Gold Doré Cu-Au alloy bars with high gold content produced as a byproduct of antimony ore processing. Sold to refiners for further refinement before use in gold production. SPMP is Oman's only gold doré exporter with a capacity of 50,000 ounces per annum.
• Industrial Gypsum Byproduct gypsum generated from flue gas desulfurisation during antimony ore conversion. Sold to manufacturers of gypsum panel products, cements, wallboards, and glass for its sustainability profile and high purity.

Quantifiable outcome

• 20,000 tonnes per annum antimony product capacity (metal and trioxide)
• +4 more outcomes

Segments7 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Tri-Star Resources PLCcoreStrategic or Co-development Partner · 1 January 2014Tri-Star Resources PLC is a UK-based integrated antimony and gold mining and mineral processing company, listed on the London AIM Stock Market. It co-founded SPMP alongside the Omani government and Dutco Group in 2014. The company was founded by persons with a long history and involvement with antimony, minerals engineering, mining, and finance industries.
• Dutco Group / DNR Industries LtdcoreStrategic or Co-development Partner · 1 January 2014Dutco Group is a Dubai-based diverse, multi-faceted organisation with interests in Construction, Trading & Manufacturing, Oil & Gas, and Hospitality sectors. Established in 1947, it employs 20,000 people. DNR Industries Ltd, part of Dutco Group in Dubai, is the third co-founder of the SPMP joint venture established in 2014.

Scale indicators6 records

Recent moves6 records

Expansion highlights2 records

Broad incumbents

• Newmont Corporation: World's largest gold mining company, producing gold doré globally and a major buyer/seller of antimony-containing concentrates. Comparable as a large-scale gold doré producer with downstream refining reach that dwarfs SPMP's 50,000 oz/yr.
• Aurubis AG: Europe's largest nonferrous metals smelter and refiner, primarily copper but also processes multi-metallics and byproducts including precious metals. Comparable as a major Western incumbent in nonferrous smelting with strong environmental compliance, though not specialized in antimony.
• Boliden AB: Swedish nonferrous metals miner and smelter producing copper, zinc, lead, and precious metals from integrated European facilities. Comparable as a regulated, environmentally compliant Western nonferrous metals processor with by-product recovery capabilities.
• Glencore plc: Global diversified mining and commodity trading major with extensive nonferrous smelting operations and a significant antimony trading book. Operates at a vastly larger scale than SPMP but competes in the same physical antimony supply chain.
• Dundee Precious Metals Inc. Canadian-listed precious metals producer with smelting and processing operations producing gold doré and by-metals. Comparable as a mid-tier integrated precious metals processor with by-product metal exposure.

Regional players

• Yunnan Tin Group (YTC): China's largest tin producer and a major regional player in antimony and other minor metals, headquartered in Yunnan province. Comparable in antimony end-products but operates in a different geography and competes on cost rather than Western regulatory compliance.

Others

• Anglo American plc: Global diversified mining major with platinum group metals, diamonds, copper, and crop nutrients. Comparable as a large Western diversified miner with by-product precious metals exposure and significant regulatory/compliance infrastructure; not a direct antimony competitor.

Direct peers

• Mandalay Resources Corporation: Canada-listed mining company producing both antimony (Costerfield operation in Australia) and gold. A direct comparable in the antimony-plus-gold co-production model that defines SPMP's revenue structure.
• Tri-Star Resources PLC: UK-based integrated antimony and gold mining and mineral processing company listed on the London AIM Market. Co-founder and minority shareholder of SPMP itself, providing direct strategic and technical overlap in antimony concentrate supply and processing.
• United States Antimony Corporation: US-listed antimony mining and processing company producing antimony metal, oxides, and sulfide products. Most direct Western antimony peer to SPMP, though smaller in scale; competes for the same critical-minerals customer base seeking non-Chinese supply.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCF9TVCPBYXRF6bXAWkAJCwA
• LinkedInlinkedin.com/company/spmp
• Xx.com/spmpoman

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Strategic & Precious Metals Processing