Oman: The chief executives of the major gypsum mining companies have endorsed new regulations issued by the Public Authority for Mining (PAM) calling for a minimum export price for gypsum. The company leaders also agreed to establish the Oman Gypsum Association (OGA), an organisation intended to support the industry, according to the Oman Daily Observer newspaper. The decision follows the intervention by the PAM in December 2016 when it set minimum export freight on board (FOB) price for raw gypsum at US$12.50/t.
Following the intervention, local gypsum exporters are barred from exporting raw gypsum below this price. Those found in breach of this regulation will be denied export permits, while repeat offenders could have their mining licences removed.
