Mineral deposits are a source of wealth. They are what have built great civilizations and countries. Ancient empires like Roman and Babylonian empires owe their success to mineral wealth. The same also applies to leading world powers such as USA, Russia, China, and Qatar. Russia has large natural gas reserves. In Africa, successful countries have minerals. The story of the success of Morocco is all about Moroccan minerals and fossils. This country has varied types of minerals in different parts of the country. There are also remains of ancient creatures such as dinosaurs. Morocco is blessed with natural resources.
The mining industry is highly complex. It needs people who have brains. For this industry to thrive there has to be a highly skilled workforce. There is also need for some non-skilled labor. Both these types of manpower are abundantly available in Morocco. This country has a world class education system that usually produces very skilled graduates every year. Morocco has many engineers, accountants and health practitioners.
Mining is a technology intensive affair. Some of the technologies involved cost billions of dollars. More than one million dollars can be paid just to use a particular patent. Financing a mining project is not the easiest thing to do. There will be need for a number of local investors to team up. There might also be need for foreign monies.
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.
Morocco is also loved world over because of its political stability. In some African countries, violence and chaos are the order of the day. That is not the case in Morocco because there is a high level of peace, order and stability. In this nation, elections have never been rigged. The good political climate has greatly helped mining companies.
In Africa, Morocco is a rare country from an economic standpoint. This is because most African countries depend on agriculture. However, for the case of Morocco, most of her chief exports are minerals. In fact, more than 30% of the exports of this country are minerals. They also make up 5% of the Gross Domestic Product. Morocco has good per capita.
Phosphate is the number one Moroccan export. This country has one of the largest phosphate reserves in the world. Other phosphate producers are USA and China. Morocco produces raw phosphate and exports it to other countries. It also has industries that transform raw phosphate into useful products that are later exported. Finished goods usually make more profits than unfinished ones.
At the northern tip of Africa, there is Morocco and Western Sahara. A good percentage of the lands of these countries is made up of the Sahara desert. This makes it hard if not impossible for these countries to engage in agricultural production. The economy of Morocco does not depend on agriculture because of lack of rains. It depends on the production and sell of minerals.
The mining industry is highly complex. It needs people who have brains. For this industry to thrive there has to be a highly skilled workforce. There is also need for some non-skilled labor. Both these types of manpower are abundantly available in Morocco. This country has a world class education system that usually produces very skilled graduates every year. Morocco has many engineers, accountants and health practitioners.
Mining is a technology intensive affair. Some of the technologies involved cost billions of dollars. More than one million dollars can be paid just to use a particular patent. Financing a mining project is not the easiest thing to do. There will be need for a number of local investors to team up. There might also be need for foreign monies.
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.
Morocco is also loved world over because of its political stability. In some African countries, violence and chaos are the order of the day. That is not the case in Morocco because there is a high level of peace, order and stability. In this nation, elections have never been rigged. The good political climate has greatly helped mining companies.
In Africa, Morocco is a rare country from an economic standpoint. This is because most African countries depend on agriculture. However, for the case of Morocco, most of her chief exports are minerals. In fact, more than 30% of the exports of this country are minerals. They also make up 5% of the Gross Domestic Product. Morocco has good per capita.
Phosphate is the number one Moroccan export. This country has one of the largest phosphate reserves in the world. Other phosphate producers are USA and China. Morocco produces raw phosphate and exports it to other countries. It also has industries that transform raw phosphate into useful products that are later exported. Finished goods usually make more profits than unfinished ones.
At the northern tip of Africa, there is Morocco and Western Sahara. A good percentage of the lands of these countries is made up of the Sahara desert. This makes it hard if not impossible for these countries to engage in agricultural production. The economy of Morocco does not depend on agriculture because of lack of rains. It depends on the production and sell of minerals.
About the Author:
If you are looking for information about Moroccan minerals and fossils, visit our web pages online here. More details are available at http://majainc.com now.