Mining market in Morocco

Morocco has a long history of mining, with the country consistently producing a variety of mineral resources, including phosphates, lead, zinc, copper, silver, cobalt, manganese, fluorine, and barite. In 2023, the Canadian Fraser Institute ranked Morocco as the second most attractive mining investment destination in Africa, and 16th globally.

Key opportunities for Canadian mining companies in Morocco

• Water treatment and wastewater reuse
• Cleantech mining solutions
• Engineering projects for mine construction
• Deep mining techniques
• Hydromettalurgy

Notable challenges for Canadian mining companies in Morocco

• A 10% withholding tax (WHT) imposed by the Moroccan government on services
• A price-sensitive market with fluctuating buyer prices
• Procurement and purchasing decisions are often made by site operators

Morocco's business landscape

Morocco has a business-friendly environment and free trade agreements with the U.S., European Union (EU), and other countries. Two major Moroccan companies, OCP Group and Managem, are expanding their operations in Africa and need support for both open-pit and underground mining operations. Canadian companies have opportunities to get involved in project engineering, industrial engineering, and hydrometallurgy for copper, cobalt, potassium, tin, and fertilizers. New mines for copper, potassium, and tin are expected to open in 2025, with some being deep underground mines. Morocco has also launched a new 2025-2030 mining plan with a focus on sustainability, including energy efficiency, reducing greenhouse gas emissions, and improving water use, as part of its commitment under its agreement with the EU.

Summary

Morocco has a strong mining history, producing a range of minerals including phosphates, lead, zinc, copper, and more. In 2023, the Canadian Fraser Institute ranked Morocco as the second most attractive mining investment destination in Africa. Key opportunities for Canadian mining companies include water treatment, cleantech mining, mine construction engineering, deep mining techniques, and hydrometallurgy. Challenges include a 10% withholding tax, a price-sensitive market, and procurement decisions often made by site operators. Morocco offers a business-friendly environment and two major companies, OCP Group and Managem, are expanding their operations, creating new opportunities for Canadian involvement in various mining projects.

For more information on mining market in Morocco, please contact Zouhair Kanouni, Trade Commissioner (zouhair.kanouni@international.gc.ca).