|
Morocco Mining Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
The Morocco Mining Report provides industry strategists, service companies, company analysts and consultants, government departments, trade associations and regulatory bodies with BMI's independent, 5-year mining industry forecasts and competitive intelligence on leading mining companies in Morocco.
Each Report has been researched at source, and features latest-available data and forecasts to end- covering all headline indicators for mining; company rankings and competitive landscapes covering mining exploration and production; and analysis of latest industry developments, trends and regulatory issues.
Key Benefits
- Use BMI’s independent 5-Year industry forecast on Morocco
to test other views - a key input for successful budgeting and planning in this strategic mining market. - Target business opportunities and risks in Morocco's mining sector
through our reviews of latest mining industry trends, regulatory changes, and major deals, projects and investments in Morocco. - Exploit latest competitive intelligence & company SWOTS
on your competitors and peers in Morocco through our mining company rankings.
|
Morocco Mining Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
Chapter - Executive Summary |
| Industry Trends And Developments |
| Overview |
| Table: Mines In Morocco |
| Latest Developments |
| Regulatory Structure And Developments |
Chapter - Key Projects |
| Gold |
| Copper |
| Tin |
| Uranium |
| Diamonds |
Chapter - Business Environment |
| Regional Overview – Africa |
| Table: Africa Mining Business Environment Ranking |
| Limits Of Potential Returns |
| Risks To Realisation Of Returns |
Chapter - Political Environment |
| Domestic Politics |
| Foreign Policy |
Chapter - Industry Forecast Scenario |
| Metals Price Outlook |
| Table: Stock Levels At London Metals Exchange Warehouses (tonnes) |
| Global Industry Overview |
| Regional Analysis |
| Morocco – Mining Industry Forecast |
| Table: Morocco's Mining Industry, 2005-2012 |
Chapter - Competitive Landscape |
| Table: Morocco Mining – Key Players |
Chapter - Company Monitor |
| Managem |
| Odyssey Resources |
| Metalex Ventures |
| Kasbah Resources |
Chapter - Appendices |
| Appendix A: Global Assumptions |
| Global |
| Table: Global Assumptions, 2007-2013 |
| Economic Activity |
| Table: Global And Regional Real GDP Growth, 2006-2012 (% change y-o-y) |
| Table: Developed States' Real GDP Growth, 2008-2010 |
| Table: Emerging Markets' Real GDP Growth, 2008-2010 |
| Monetary Policy |
| Table: Developed Market Exchange Rates, 2006-2010 (average) |
| Table: Emerging Market Exchange Rates, 2006-2010 (average) |
| Commodities |
| Appendix B: Regional Demographic Data |
| Table: The Long View – Data Over The Economic Cycle, 2000-2007 |
| Table: Population |
| Table: Household Spending Per Capita, US$ |
| Table: Private Consumption Per Capita, US$ PPP |
| Table: Market Size, GDP, US$bn |
| Appendix C: Business Environment Methodology |
| Ratings Overview |
| Table: Mining Business Environment Indicators |
| Table: Weighting Of Components |
|
Morocco Mining Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
The Kingdom of Morocco, with coasts on the Atlantic as well as the Mediterranean, is home to over 90 mining companies producing 20 different mineral products. The economically vital mining sector is dominated by phosphates, which account for 92% of mineral production. Other metals and minerals – including lead, zinc, copper, iron, fluorine, silver, manganese, cobalt, antimony and salt – are also beginning to grow in significance. Silver is produced in substantial amounts and is primarily sourced from the Imiter mine located in the Oriental Anti Atlas. Morocco also hosts cobalt at the Bou Azzer deposit, which is the world’s only primary cobalt deposit.
Meanwhile, a wave of new investment should result in significant improvements to Morocco's physical infrastructure over the coming years which will benefit the mining sector. The new government, which came into power in October 2007, has announced plans for a high-speed rail link connecting the northern city of Tangier with the commercial capital Casablanca. The MAD20bn project should be completed by 2013, with the possibility of an extension to Marrakech by 2015. Meanwhile, there are plans to develop the deepwater port located on the south bank of the Strait of Gibraltar
However, the falling prices of commodities are having a negative impact on the Moroccan mining sector. In January 2009, Reuters reported that Managem – a subsidiary of industrial conglomerate ONA - was expecting a net loss for 2008. According to the company, it will lose approximately MAD600mn (US$69.3mn) for the year. The primary cause has been the steep decline in prices for Cobalt. Prices for the metal fell by approximately three-quarters in 2008, causing Managem to lose MAD350mn (US$40.6mn). Meanwhile, costs of raw materials such as sulphuric acid also hit company profits. As a result of the performance, the company is looking to cut production costs at all of its businesses in 2009, which is estimated to bring in an additional MAD200mn (US$23.3mn).
The Office National des Hydrocarbures et des Mines (ONHYM) is the primary agency responsible for the exploration and promotion of national mineral resources. The other major state-owned organisation governing the mining industry is the Bureau de Recherches et de Participations Miničres (BRPM), which is responsible for the development of most minerals found in Morocco. All mineral resources are the property of the state, which issues permits and licences for the exploration and exploitation of the resources. The current mining legislation in Morocco is based on the Mining Law (1951) and is enforced through executive orders and the Directorate of Mines. Under the law, a mining company may set up a tax-exempt reserve fund of up to 50% of the fiscal profits for exploration and development investment.
Industry Forecast
Morocco’s zinc mining output is expected to decline in the coming years. Lead and silver outputs are also expected to go down. However, there is a strong opportunity for tin, with demand coming from the expanding electronics industry. The sector has also been helped by a ban on lead solder by the US and EU, increasing demand for tin solder. Also, current global production levels of tin are declining, while there are few new developments of any scale. Morocco with its Achmmach site has some of the largest untapped reserves of tin in the world.
Despite the declining prices for commodities and falling output on a local level, BMI expects the Moroccan mining sector to grow at a slow but solid pace over the forecast period. Between 2008-2013 we expect the compound annual growth rate (CAGR) to stand at 2.49% in local currency terms, although we forecast a slight decline in US dollar terms. The industry value is expected to be worth over US$1.03bn in 2013, contributing around 1.03% to the nation’s GDP.
|
Morocco Mining Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
Africa |
| Angola, Botswana, Congo, Dem. Rep., Ghana, Mozambique, Namibia, South Africa, Tanzania, Zambia and Zimbabwe |
Asia |
| Australia, China, India, Indonesia, Japan, Malaysia, Philippines and South Korea |
Europe |
| Bulgaria, Czech Republic, Germany, Kazakhstan, Mongolia, Poland, Romania, Russia, Slovakia and Ukraine |
Latin America |
| Argentina, Brazil, Chile, Mexico, Peru and Venezuela |
Middle East |
| Turkey |
North America |
| Canada and United States |
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