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The mining industry of Morocco is important to the national economy. Morocco is the world's largest producer of phosphate , and contains about 75% of the world's estimated reserves. [ 1 ] Mining contributed up to 35% of exports and 5% of GDP in 2011. [ 2 ]
The OCP Group (OCP S.A.) (formerly Office Chérifien des Phosphates) is a Moroccan state-owned phosphate rock miner, phosphoric acid manufacturer and fertilizer producer. [2] [3] Founded in 1920, the company has grown to become the world's largest producer of phosphate and phosphate-based products and it is one of the largest phosphate, fertilizer, chemicals, and mineral industrial companies ...
The mining sector is one of the pillars of Morocco's economy. It represented a turnover of US$2.7 billion in 2005, including MAD 2.17 billion in exports and 20% of energy consumption. It also employs about 39,000 people with an estimated MAD 571 million in salaries (2005).
The entire energy sector was due to be liberalized by 2007. The Moroccan Office of Hydrocarbons and Mining (ONHYM) has become optimistic about finding additional reserves – particularly offshore – following discoveries in neighboring Mauritania. [8]
The Ministry of Energy, Mines and Environment supervises many institutions related to the Ministry's responsibilities: [3] National Office of Electricity and Drinking Water
Mining companies of Morocco (4 P) M. Mines in Morocco (1 C, 1 P) ... Mining industry of Morocco This page was last edited on 23 January 2020, at 05:11 (UTC). ...
More than 250 companies that manufacture cars or their components currently operate in Morocco, where the auto industry now accounts for 22% of gross domestic product and $14 billion in exports.
The Compagnie Générale de Transport et de Tourisme was created in 1919 by Jean Épinat. In 1928, it became an exclusive agent of General Motors in Morocco until 1945. [4] In 1934, it was rebranded into Omnium Nord Africain. During the same year, the ONA became a holding as it entered the mining sector. [4]