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Morocco's energy minister said at the Marrakech Mining Convention that the country will soon launch a new mining strategy. The plan targets 30,000 new jobs, a higher exploration budget and 15 billion dirhams in additional revenue over six years.
Phosphates made up more than 90% of Morocco's 2017 mining output of 35.11 million tonnes.
A planned expansion of Morocco's phosphate sector would support long-term supply, which is a key source of global phosphate fertiliser. The strategy has no immediate price effect.
miningconnection.comApr 23, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
