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Morocco Mining Report Q4 2012 - Product Image

Morocco Mining Report Q4 2012

  • Published: November 2012
  • Region: Morocco
  • 57 pages
  • Business Monitor International

FEATURED COMPANIES

  • Company Profiles
  • Kasbah Resources
  • Maya Gold & Silver
  • MORE

In Q412, we are sticking with our existing forecasts for Morocco's mining sector. By the end of 2012 we project the value of the country's mining sector to have reached MAD11.65bn (US$1.35bn), representing an increase of 7.1% year-on-year (y-o-y) in real terms. Growth is expected to quicken in 2013, rising to 8.2% y-o-y. We expect growth to average 4.7% y-o-y over the course of our 2012-2016, medium-term forecast period, with the sector reaching a value of MAD13.91bn (US$1.58bn) by the end of the period.

BMI notes that the relative value of Morocco's mining sector is set to remain low, with the total value of the industry estimated at 1.26% of the country's GDP in 2011 and expected to rise to 1.44% in 2013,
before returning once more to the 1.26% level in 2016.

Phosphates Faring Well

Moroccan exports of phosphates look to be a bright spot in the country’s export landscape. According to a report released by the Moroccan Central Bank in August 2012, the country recorded a trade deficit of 7.1%, or MAD100bn (US$10.3bn), in H112. The bank attributed the deficit to an increase in import costs,
relating to higher prices for energy and raw materials, coupled READ MORE >

Executive Summary 5

SWOT Analysis 7

Morocco Political SWOTs 7

Morocco Economic SWOTs 8

Morocco Business Environment SWOTs 9

Global Mining Outlook 10
Table: Recent Tax Increases 14
Table: Largest Coal Projects 16
Table: Major Frontier Mining Projects 17

Africa Mining Sector Outlook 18
Table: Recent Government Intervention 19

Industry Trend Analysis 23
Table: Morocco – Mining Industry Value & Phosphate Production, 2009-2016 25

Industry Forecasts 26

Phosphates: Export Diversification Bears Fruit 26
Table: Morocco - Phosphate Production, 2009-2016 27

Regulatory Developments 28

Africa Risk/Reward Ratings 30
Table: African Government Intervention 30
Table: Africa – Risk/Rewards Ratings 31

Competitive Landscape 35
Table: Key Players In Morocco's Mining Sector 35

Company Profiles 36

Kasbah Resources 36

Maya Gold & Silver 38

Metals Commodity Price Forecasts 40

Monthly Metals Update 40

Aluminium: Support At US$1,800/tonne Likely To Hold 41

Copper: Relative Outperformer But Still Weak 43

Iron Ore: Don't Bet On A Sustainable Recovery 45

Lead: Potential For Short-Term Rally 47

Nickel: No Turnaround Coming 48

Steel: More Pain Ahead 49

Tin To Outperform 50

Zinc: Little Room For Optimism 52
Table: Select Commodities – Performance & BMI Forecasts 53

Business Environment Ratings Methodology 54
Table: Mining Business Environment Indicators 55
Table: Weighting Of Components 56

Company Profiles
Kasbah Resources
Maya Gold & Silver

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