Saturday, 20 May 2017

Useful Information About Moroccan Minerals And Fossils

By Joshua Rogers

Many countries depend on mineral deposits. These facilitate economic growth and social progress. The richest countries have huge mineral reserves. Qatar is the largest producer of natural gas and it has the largest per capita income. Morocco also depends on Moroccan minerals and fossils. These are found everywhere in the country. Morocco produces more than one type of mineral. It is also home to one of the largest fossil populations in the world. Many tourists usually visit Morocco every year to see its fossil collections. Every year, new fossil types are discovered in this country.

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 needs money. In any economic endeavor, cash has to be invested. When talking about exploring or extracting a mineral, the sum in question can be millions or billions of dollars. In some cases, it is hard to raise the entire capital amount locally. Thus, there has to be the involvement of foreign investors and international financial institutions like IMF.

People from other countries love to invest in Morocco. This is because this is one of the few countries in Africa that has a good investment climate. It is easy to open a company in Morocco. The whole affair can take a number of days. There is also a fairly developed banking system. Moroccan financial markets are very stable and advanced.

This Northern African country is also an oasis of peace. It has never been affected by war or post election violence as has been the case with many other African countries. When there was the Arab spring in most Arab countries, Morocco was peaceful. Because of the relative political stability, the Moroccan mining industry has greatly thrived over the years.

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.

The phosphate of Morocco is one of the best in the world. It is extremely high quality phosphate that can be used for a wide range of applications. Morocco is the third largest phosphate producer after United States and China. Morocco does not only export raw phosphate. It also exports finished phosphate products because there are a number of manufacturers.

Morocco is found in North Africa. It is one of the leading economies in the African continent. Most of Morocco is a desert. Thus, this country has little agricultural activity. Morocco was not blessed with fertile soils and a good climate. However, it was blessed with mineral deposits. In Africa, Morocco is the largest producer of lead and silver. Also, it produces a lot of phosphate.

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