With the government expected to pass a new set of laws in 2013 that will replace the current 62-year-old mining code, Morocco is making a bid to spur new investments throughout the North African kingdom’s currently under-exploited mining sector.
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Articles & Analysis | A bright future: Tapping domestic potential to become a regional pioneer in solar power from The Report: Morocco 2013
tium for a €400bn project launched in 2009 to establish solar plants across North Africa, and projected to produce 125 GWh of electricity by 2050. Financial issues for solar energy mirror difficulties faced by renewable energies in general within the context of a global economic slowdown, with international investment in clean energy falling to €41.6bn in third-quarter 2012,...
Articles & Analysis | In a strong position: Phosphates continue to lead the sector from The Report: Morocco 2013
Like most sectors, the mining industry is sensitive to changing economic conditions, with its overall performance fluctuating significantly as demand from China and elsewhere tightens and regulatory burdens become more onerous. But despite this short-term volatility, the trend for phosphate prices is likely to be more stable in the longer run due to...
Articles & Analysis | A long wait: The new mining code should bring about big changes from The Report: Morocco 2013
For at least 20 years, there has been talk about how modern laws would turn Morocco’s mining industry around. This now looks increasingly like reality. Authorities say the kingdom’s 62-year-old mining code could finally be retired in 2013. Industry players and authorities agree that its longevity has stifled investment in a kingdom historically...
Located in the westernmost region of North Africa, Morocco has an impressively diversified economy and in recent years has benefited from steady growth. The country has strong trade links with the EU and has a young population – with the median age of its roughly 32m people at 27.3 years – which in turn provides the country with a large supply of available and comparatively skilled labour.
As a rapidly growing country with only modest energy resources, Morocco’s dependence on external power supplies continued to increase over 2012, with the value of energy imports jumping 11.9% year-on-year from 2011 to 2012. With 96% of energy needs met by fossil fuel imports, especially oil and coal, the country is in a precarious fiscal position as government budgets grapple with elevated oil...