The government of Morocco is targeting US $1.7billion revenue from non-phosphate mining by 2030 by facilitating investments and tax incentives.
With 72% of global reserves, Morocco is the world’s largest phosphates exporter and last year its state-owned phosphates company OCP reported revenue of 56.1 billion dirhams. The Moroccan energy and mining ministry said in its 2025-2030 mining development plan that it is also aiming for a tenfold increase in investment in mine prospecting and research to 4 billion dirhams.
Energy and Mining Minister Aziz Rebbah said the government would put particular focus on “strategic metals” such as those used in the renewable energy sector. The country is a major producer of renewable energy but also relies on gas imports, including through a pipeline running from natural gas producer Algeria through Morocco to Spain.
According to the US Geological Survey, Morocco accounts for 16% of global arsenic output, 10% of barite, 2% of cobalt and 1% of fluorspar. Silver mining activity is also expected to accelerate. As the mining industry grapples with a drop in prices of metals and minerals, a new mining code has been passed with the aim of attracting foreign investment, increasing capacity, and spurring upstream and downstream activity in a more diverse range of strategic commodities.