Many countries depend on mineral deposits. These facilitate economic growth and social progress. The richest countries have huge mineral reserves. Qatar is the largest producer of natural gas and it has the largest per capita income. Morocco also depends on Moroccan minerals and fossils. These are found everywhere in the country. Morocco produces more than one type of mineral. It is also home to one of the largest fossil populations in the world. Many tourists usually visit Morocco every year to see its fossil collections. Every year, new fossil types are discovered in this country.
Apart from having minerals, another important thing in a country is manpower. If the workforce is not big, a country will have to import skilled labor from another country and that will cost a lot of money. Luckily for Morocco, a good percentage of the population is educated. Thus, there are sufficient engineers, finance professionals and others, for the mining sector.
Mining needs money. In any economic endeavor, cash has to be invested. When talking about exploring or extracting a mineral, the sum in question can be millions or billions of dollars. In some cases, it is hard to raise the entire capital amount locally. Thus, there has to be the involvement of foreign investors and international financial institutions like IMF.
It is easy for Moroccan mining companies to raise capital. This is because many foreign investors trust the economic climate of Morocco. This country has good ratings with the largest financial institutions in the world such as Paris Club, International Monetary Fund, and World Bank. Most banks in Morocco do not fail. Thus, deposits in such banks are very safe.
This Northern African country is also an oasis of peace. It has never been affected by war or post election violence as has been the case with many other African countries. When there was the Arab spring in most Arab countries, Morocco was peaceful. Because of the relative political stability, the Moroccan mining industry has greatly thrived over the years.
The economy of Morocco depends on the sale of minerals. Mining contributes 35% of the exports of this country and 5% of her GDP. As a result of the wealth of Morocco, her citizens are able to enjoy a relatively high quality of life. That is because of a high per capita income that has led to the growth of a thriving middle class and also the increase of millionaires.
One of the largest producers of phosphate in the world is Morocco. This nation is number three globally in terms of phosphate production. Most of the phosphate produced is exported to other countries. Exports can be in the form of raw phosphate or finished phosphate products. Raw products usually fetch a lesser price than the goods considered complete.
Morocco is an economic power house in North Africa. It has a thriving economy. This country is well managed and has relative political stability. Morocco is an important player in the global economy. This is because of various important Moroccan mineral exports. There are minerals that are only found in Morocco. The largest mineral exports of Morocco are phosphate, silver, lead and copper.
Apart from having minerals, another important thing in a country is manpower. If the workforce is not big, a country will have to import skilled labor from another country and that will cost a lot of money. Luckily for Morocco, a good percentage of the population is educated. Thus, there are sufficient engineers, finance professionals and others, for the mining sector.
Mining needs money. In any economic endeavor, cash has to be invested. When talking about exploring or extracting a mineral, the sum in question can be millions or billions of dollars. In some cases, it is hard to raise the entire capital amount locally. Thus, there has to be the involvement of foreign investors and international financial institutions like IMF.
It is easy for Moroccan mining companies to raise capital. This is because many foreign investors trust the economic climate of Morocco. This country has good ratings with the largest financial institutions in the world such as Paris Club, International Monetary Fund, and World Bank. Most banks in Morocco do not fail. Thus, deposits in such banks are very safe.
This Northern African country is also an oasis of peace. It has never been affected by war or post election violence as has been the case with many other African countries. When there was the Arab spring in most Arab countries, Morocco was peaceful. Because of the relative political stability, the Moroccan mining industry has greatly thrived over the years.
The economy of Morocco depends on the sale of minerals. Mining contributes 35% of the exports of this country and 5% of her GDP. As a result of the wealth of Morocco, her citizens are able to enjoy a relatively high quality of life. That is because of a high per capita income that has led to the growth of a thriving middle class and also the increase of millionaires.
One of the largest producers of phosphate in the world is Morocco. This nation is number three globally in terms of phosphate production. Most of the phosphate produced is exported to other countries. Exports can be in the form of raw phosphate or finished phosphate products. Raw products usually fetch a lesser price than the goods considered complete.
Morocco is an economic power house in North Africa. It has a thriving economy. This country is well managed and has relative political stability. Morocco is an important player in the global economy. This is because of various important Moroccan mineral exports. There are minerals that are only found in Morocco. The largest mineral exports of Morocco are phosphate, silver, lead and copper.
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