Morocco Ranks Among Top Global Mining Destinations in Fraser Institute’s 2024 Survey
Rabat, The Gulf Observer: Morocco has solidified its position as one of the most attractive global destinations for mining investment, according to the 2024 Annual Survey of Mining Companies published by Canada’s Fraser Institute.
In the latest rankings, Morocco placed 18th out of 82 jurisdictions worldwide in overall investment attractiveness. This composite score reflects both the country’s mineral potential and the impact of government policies on exploration and development activities.
The North African country outperformed notable mining jurisdictions such as Botswana (20th), Zambia (28th), and Namibia (30th), further asserting its competitive edge in the mining sector.
Despite a drop in its Policy Perception Index (PPI) score—falling by 15.69 points and moving from 12th in 2023 to 28th in 2024—Morocco continues to attract investor confidence. The PPI serves as a benchmark for how conducive a country’s legal, regulatory, and political environment is for mining operations, evaluating factors such as taxation, infrastructure, political stability, and access to skilled labor.
Notably, Morocco climbed to 14th place out of 58 jurisdictions in the Best Practices Mineral Potential Index, which assesses a country’s geological attractiveness assuming ideal regulatory conditions. This marks a significant rise from 27th in 2023, highlighting increasing optimism about Morocco’s resource potential.
Over the past three years, Morocco has consistently performed well on the overall investment index—ranking 16th in 2022, 27th in 2023, and now 18th in 2024—demonstrating the sector’s resilience and investor trust.
The Fraser Institute’s survey, conducted from August to December 2024, compiled insights from 350 global mining executives and managers, whose companies collectively spent over $6 billion on exploration during the year.
The report emphasizes that jurisdictions combining strong geological potential with stable, transparent mining policies are more likely to attract international capital. Morocco’s blend of rich mineral resources and relatively favorable regulatory environment makes it a leading destination for mining investment in both Africa and the global arena.
