Morocco’s mining expects a 1.4 billion Euro as revenue

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The Minister of Energy and Mining has revealed an expectation towards Morocco’s new
Morocco’s mining expects a 1.4 billion Euro as revenuemining strategy revenue to be about 1.4 billion Euros by 2025 with the aim to also invest 364 million Euros in mining research. The mining strategy excludes phosphates but intends to double job opportunities by 2025 (30,000). Besides phosphates which the Kingdom holds three quarters of the world’s reserves, Moroccan sub-oil offers no less
than twelve mining resources including manganese, iron, barite, cobalt, pewter, silver, copper, etc.
In 2012, the mining sector made geological and geochemical maps for an investment of about 1.4 billion Euros. The minister revealed that over 4,000 research permits have been granted, focusing essentially on oil and gas exploration for an investment of 31.8 million Euros in 2011 as speculated in the research.
At present, Morocco’s mining sector is regulated by the Mining regulations called dahir, implementing its provisions and involving to the filing as well as registration of research permits. Another mining regulation is now being prepared to be adopted by the fourth quarter of 2013 or the start of 2014. It will in corporate a few of the principles included in current legislation and should introduce new provisions.
The 2nd quarter of 2013 noted a positive forecast for Morocco’s mining sector expecting a growth up this year as a result of new phosphate fertilizer plants in the country rising to 8.2% year-on-year. A growth of 3.6 per cent year-on-year from 2012 to 2017 reaching $ 1.61 billion is expected by the end of the period.