What Mawarid Mining does

Mawarid Exploration & Mining LLC is a privately held, Oman-based mining company and a wholly owned subsidiary of Mohammed Al Barwani LLC (MB Group). Incorporated in 2000 and operating across four countries (Oman, Namibia, Rwanda, Papua New Guinea), Mawarid explores, develops, and operates mineral projects targeting four commodity classes: copper, marine phosphate, potash (MOP), and 3T minerals (tin, tantalite, tungsten). Its revenue-generating core is the Ghuzayn underground copper mine in Al Khaboura, Oman — the only operating underground mine in the country — which feeds the refurbished, automated Lasail Copper Concentrator (130tph, >92% Cu recovery, 80-100k WMT concentrate annually, 20,000t Cu contained) for export under a Trafigura PTE Ltd offtake.

Beyond producing copper, Mawarid is positioning itself as a diversified, multi-jurisdiction critical-minerals platform. The pipeline includes the Manajem JV (60/40 with Minerals Development Oman) exploring 541 km² of VMS Cu-Au ground, the Sandpiper and Rocky Point marine phosphate assets offshore Namibia (1.6 Bt of pelletal phosphate at Sandpiper), the Umm As Samim potash concession (40-year tenure in Oman's Rub Al Khali), the Bisesero 3T exploration project in Rwanda, and a 50% interest in Deep Sea Mining Finance Ltd developing Solwara 1 in Papua New Guinea — positioned as the world's first commercial deep-sea mine for Seafloor Massive Sulphide deposits, targeting Q1 2027 production.

Name

Mawarid Mining

Legal name

Mawarid Exploration & Mining LLC

Website

https://mawaridmining.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Short description

Mawarid Mining is a privately held, Oman-based subsidiary of MB Group operating underground copper mining at Ghuzayn and a refurbished Lasail Concentrator, while advancing a multi-country portfolio of phosphate, potash, 3T mineral, and pioneering deep-sea SMS mining projects.

Ownership category

akta.pro rank

Product category

Mineral Mining and Processing

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Nonmetallic Mineral Mining and Quarrying (2123), Other Nonmetallic Mineral Mining and Quarrying (212390)

SIC

Metal Mining (1000), Miscellaneous Metal Ores (1090), Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)

akta.pro primary industry

Copper Ore Mining (Open-Pit & Underground) (IMAKADAB)

akta.pro secondary industries

Copper Exploration & Resource Development (IMAKADAA), Phosphate Rock Mining (IMAKAGAA), Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Mining & Mineral Processing Facility Construction (IMAFADAE)

Keywords

• Copper mining
• Mineral exploration
• Deep sea mining
• Marine phosphate mining
• Underground mining operations

Headquarters

HQ city

Ruwi

HQ country

Oman

HQ region

Middle East

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Copper Concentrate Sales: Mawarid generates revenue through copper mining operations at Ghuzayn underground mine, processing ore at the Lasail Concentrator, and selling copper concentrates to international commodity traders. First bulk shipment of 7,500 WMT copper concentrates exported to China under offtake agreement with Trafigura PTE Ltd. Produces 20,000t of Cu contained in concentrate annually.
2. Phosphate Concentrate Sales (Sandpiper): Sandpiper Marine Phosphate Project aims to produce phosphate concentrate from marine phosphorite deposits. Project designed to support 20-year initial mine plan with annual recovery of approximately 5.5 Mt per annum, with potential 100+ year resource life.
3. Tin/Tantalum/Tungsten (3T Minerals): Bisesero Project in Rwanda targets tin, tantalite, and tungsten minerals through exploration and eventual production. Project is in early exploration stage with gravity separation processing typically used for 3T minerals.
4. Potash/MOP Sales (Umm As Samim): Umm As Samim Potash Project aims to produce Muriate of Potash (MOP) for Middle East markets. Project in exploration phase with concession agreement valid up to 40 years (10 years exploration, 30 years exploitation).
5. Deep Sea SMS Mining Revenue: Solwara 1 Project targeting high-grade SMS deposits with commercial production scheduled Q1 2027. Project holds first mover's advantage to access significant deep-sea mining pipeline with over 400 SMS systems worldwide as prospective targets.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Mawarid Mining explores, develops, and operates mineral projects focused on copper, marine phosphate, potash (MOP), and 3T minerals (tin, tantalite, tungsten) across Oman, Namibia, Papua New Guinea, and Rwanda. The company operates the only underground copper mine in Oman (Ghuzayn) and a fully automated copper concentrator (Lasail) that produces copper concentrate sold to international commodity traders. It is also developing the world's first commercial deep-sea mine for Seafloor Massive Sulphide (SMS) deposits through the Solwara 1 Project in Papua New Guinea.

Product overview

Mawarid Mining is a global exploration and mining company operating as a wholly owned subsidiary of Mohammed Al Barwani LLC, based in the Sultanate of Oman. The company's portfolio consists of eight distinct projects across four countries: Oman (Ghuzayn underground copper mine, Lasail Copper Concentrator, Manajem JV, Umm As Samim potash), Namibia (Sandpiper and Rocky Point marine phosphate), Papua New Guinea (Solwara 1 deep sea SMS mining), and Rwanda (Bisesero 3T exploration). The integrated operations span the mining value chain from exploration and development through processing and concentrate production, with the Ghuzayn mine feeding ore to the Lasail Concentrator for copper concentrate output.

Differentiator

Problem solved

Functional benefit

Products and services

• Ghuzayn Underground Copper Mine Operating underground copper mine located in Wilayat of Al Khaboura, Oman. The only operating underground mine in Oman, using mechanized mine development through a main decline, with longhole open stoping and backfill mining methods, and ore reserves of 6.4 Mt at 2.04% Cu.
• Lasail Copper Concentrator Fully refurbished and automated copper processing facility located 105km from the Ghuzayn mine in Sohar, Oman, with throughput of 130tph (1.05mtpa) and over 92% Cu recovery, producing 80-100k WMT of copper concentrate annually (about 20,000t Cu contained).
• Manajem JV Project Joint venture exploration project (60% Mawarid, 40% Minerals Development Oman SAOC) targeting Volcanogenic Massive Sulphide (VMS) copper-gold mineral resources in Block 11B-1 covering 541km² in the Northern Batinah region of Oman.
• Umm As Samim Potash Project Wholly-owned exploration project for Muriate of Potash (MOP/KCl) in Block 53B at the eastern edge of the Rub Al Khali desert in Oman, held through subsidiary Mawarid Mining Potash LLC.
• Sandpiper Marine Phosphate Project World-class marine phosphate deposit located 120km offshore southwest of Walvis Bay, Namibia, at water depths of 180-300m, covering 2,334 km². Planned to use Trailing Suction Hopper Dredger (TSHD) technology to produce approximately 5.5 Mt per annum of phosphate concentrate over an initial 20-year mine plan.
• Rocky Point Project Offshore marine phosphate exploration project with surficial phosphate concentration across approximately 4,000 km² on the Namibian continental shelf north of Walvis Bay, operated through a joint venture with Tungeni Investments CC (Mawarid 70%, Tungeni 30%).
• Solwara 1 Deep Sea Mining Project Deep-sea mining project in the Bismarck Sea, Papua New Guinea, developing the world's first commercial mine for Seafloor Massive Sulphide (SMS) deposits at depths around 1,600m, using novel seawater-powered excavation grabs and ROV seafloor mapping. Held through 50% equity in Deep Sea Mining Finance Ltd.
• Bisesero 3T Minerals Project Early-stage exploration project for Tin (Sn), Tantalite (Ta), and Tungsten (W) located southwest of Kigali in the Western Province of Rwanda, covering approximately 9,625 hectares. 100% owned through wholly-owned subsidiary Tri Metals Mining Rwanda Limited (TMMRL).

Quantifiable outcome

• >92% Cu recovery at Lasail Concentrator
• +4 more outcomes

Named customers3 records

Segments3 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

Ten partnerships are on record, tiered core and minor.

• Manajem Mining LLCcoreStrategic or Co-development Partner · 1 January 2018Joint venture between Mawarid Mining LLC (60%) and Minerals Development Oman SAOC (40%) established in 2018. Manajem Mining LLC aims to obtain exploration license for Concession 11B-1 covering 541km² in Northern Batinah Coast of Oman, exploring for VMS Cu-Au mineral resources.
• Namibian Marine Phosphate Pty Ltd (NMP)coreStrategic or Co-development PartnerNMP is a Namibian registered JV company 85% owned by Mawarid's Namibian subsidiary and 15% owned by Havana Investments (Pty) Ltd. NMP holds 100% interest in the world-class Sandpiper Marine Phosphate Project.
• Mawarid Mining Tungeni Joint Venture (Pty) LtdminorStrategic or Co-development PartnerJoint venture for Rocky Point Project with Mawarid owning 70% and Tungeni Investments CC owning 30%. Manages exploration of surficial marine phosphate concentration across 4 tenements covering approximately 4,000km².
• Tri Metals Mining Rwanda Limited (TMMRL)minorStrategic or Co-development PartnerWholly owned Rwandan registered subsidiary of Mawarid holding 100% ownership of the Bisesero Project for exploration of Tin, Tantalite, and Tungsten (3T minerals) in Rwanda.
• Deep Sea Mining Finance Ltd (DSMF)coreStrategic or Co-development PartnerMawarid Offshore Mining Limited holds 50% equity interest in DSMF. DSMF acquired Nautilus Minerals Inc assets in 2019 through Canadian courts. DSMF aims to become the first company to mine SMS deposits commercially.
• SM2 LimitedcoreTechnology or IntegrationPartner in Sustainable Mining Solutions (SMS) joint venture with DSMF. Through affiliate Magellan Limited, provides offshore contracting and geotechnical survey capabilities with extensive ROV operations experience for deep-sea mining operations.
• Gulf Rock Engineering LLCcoreImplementation/ SI/ Consulting PartnerMining contractor for Ghuzayn Underground Copper Project, executing decline development and mining operations. Successfully completed over 500 meters of decline development without any Lost Time Injuries.
• Andam InternationalminorImplementation/ SI/ Consulting PartnerContractor for Umm As Samim Potash Project during exploration phase. Managing surface geophysics and exploratory drilling operations for potash brine extraction.
• Trafigura PTE LtdcoreChannel Partner/ Reseller/ DistributorGlobal commodity trading house purchasing copper concentrates from Mawarid under offtake agreement. First bulk shipment of 7,500 WMT copper concentrates exported to China through this partnership.
• Minerals Development Oman SAOC (MDO)coreChannel Partner/ Reseller/ DistributorProcessing agreement signed for MDO to utilize Mawarid's Lasail Copper Concentrator for processing MDO's copper ore. Expected to begin production in 2024.

Scale indicators14 records

Recent moves9 records

Expansion highlights6 records

Emerging players

• Trigon Metals: Trigon Metals is an emerging copper producer with operations in Africa (Namibia, Morocco). Mawarid's Namibia phosphate portfolio and Oman copper assets share African operating geography and emerging-producer development profile with Trigon.
• Adriatic Metals: Adriatic Metals is a developing base and precious metals miner with operations in Bosnia and Herzegovina. Comparable as a multi-jurisdictional, mid-stage miner focused on base/strategic metals (zinc, lead, copper, silver) with similar stage portfolio development.

Broad incumbents

• First Quantum Minerals: First Quantum is a global copper producer with major operations producing copper concentrate. Comparable as a copper-concentrate-focused producer with similar offtake dynamics to global commodity traders; significantly larger scale than Mawarid.
• Saudi Arabian Mining Company (Ma'aden): Ma'aden is the GCC's largest diversified mining company, operating phosphate, aluminum, gold, and copper assets. Mawarid is a comparable regional mining platform with diversified minerals and government alignment, though at a smaller scale.

Direct peers

• Sandfire Resources: Sandfire Resources is a copper-focused mid-tier miner producing copper concentrate (originally from Degrussa in Australia, now expanding into Spanish and Botswanan assets). Comparable mid-tier copper concentrate producer profile to Mawarid's Ghuzayn/Lasail operations.
• The Metals Company: The Metals Company is the most direct deep-sea mining peer, focused on commercializing polymetallic nodule mining in the Clarion-Clipperton Zone. Both Mawarid (via Solwara 1) and TMC target first-mover commercial production from seabed mineral resources.
• Capstone Copper: Capstone Copper is a mid-tier pure-play copper producer with operating mines in the Americas. Mawarid's Ghuzayn underground copper mine and Lasail Concentrator produce copper concentrate at a similar mid-tier scale, with comparable cost-recovery and offtake dynamics.
• PhosAgro: PhosAgro is one of the world's largest integrated phosphate fertilizer producers. Mawarid's Sandpiper Marine Phosphate Project is a direct upstream comparable, as both target the same end market (phosphate for fertilizer/food security) with large-scale resources.
• Hudbay Minerals: Hudbay is a copper-focused mid-tier miner producing copper concentrate from underground mines in the Americas. Comparable to Mawarid's underground copper mining profile, with similar concentrate-of-sale model and exposure to copper price cycles.
• Atalaya Mining: Atalaya is a mid-tier European copper producer (Proyecto Riotinto in Spain) producing copper concentrate. Highly comparable in scale and operational model to Mawarid's Lasail Concentrator, both selling concentrate into European/Asian commodity markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mawarid-mining-co-llc---mb-holdings-group-oman

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries6 records

Funding overview

Funding rounds1 record

Investors1 record

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 Mawarid Mining