Rabat – Morocco continues to attract strong interest from global mining investors, earning a solid position in the latest Annual Survey of Mining Companies by Canada’s Fraser Institute.
According to the recently released 2024 report, Morocco ranked 18th out of 82 jurisdictions worldwide in terms of overall investment attractiveness. This ranking combines both the country’s mineral potential and the impact of government policies on mining exploration and development.
Morocco surpassed countries like Botswana (20th), Zambia (28th), and Namibia (30th).
“Morocco’s Policy Perception Index score decreased by 15.69 points this year compared to last, placing it 28th (of 82) in 2024 after ranking 12th (of 86) in 2023 on policy,” reads the report.
This index acts like a “report card” on how welcoming a country’s policies are for mining investment. It looks at issues like regulations, taxes, infrastructure, political stability, and access to skilled labor.
Morocco also ranked 14th out of 58 jurisdictions in the Best Practices Mineral Potential Index, which measures the attractiveness of a country’s geology assuming ideal government policies.
The country ranked 27th in 2023 and 16th in 2022 on the overall investment index. This means it has shown consistent performance and investor confidence in its mining sector.
The latest survey, conducted between August and December 2024, collected responses from 350 mining executives and managers worldwide. Together, their companies reported spending over $6 billion on exploration activities in 2024.
The Fraser Institute noted that jurisdictions with both strong geology and clear, stable mining policies tend to attract more investment. Morocco’s combination of rich mineral resources and relatively favorable policies places it among the most attractive destinations for mining investment, not just in Africa, but globally.
