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Oman lines up uranium investments and antimony debt

Oman’s efforts to diversify its economy have been taking it into some unusual new areas. On 30 August, mining company Berkeley Energia announced that the State General Reserve Fund (SGRF) was investing up to $120m in its business. The deal is being structured as an interest-free, unsecured loan of $65m; which can be converted into 28% of the company’s shares; and three further tranches of convertible options worth up to $55m in total, which would give Oman a further 9% holding in the business.

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