(Ecofin Agency) - Morocco is working on a new mining code. According to the Fraser Institute, the country, already recognized as one of Africa's most attractive mining jurisdictions, has significant copper, cobalt, and phosphate reserves. Mining contributes between 8% and 10% of Morocco's GDP, as reported by ONHYM.

Moroccan authorities recently launched public consultations to draw a draft bill to amend the country’s mining code from 2015. This process allows stakeholders to provide input on the proposed changes, to attract more investment in the mining sector.

Key features of the new mining code include plans to digitize the management of mining titles through a national cadastre. This system will provide real-time access to information about mining licenses. Additionally, license holders may now receive an extra three-year extension on their exploration permits. The draft law also permits exploration companies to subcontract some of their activities.

The new code aims to improve governance in mining operations, increase transparency, facilitate access to information and investment opportunities, and foster research in mineral extraction and processing. In 2022 and 2023, the Fraser Institute ranked Morocco Africa’s most attractive country relative to mining.

Despite these advancements, some industry representatives have concerns. For example, the Federation of Mining Operators (Fédération Nationale des Opérateurs Miniers) supports letting investors set up processing units without mining permits. Stakeholders can submit feedback on the draft law until February 15, 2025.

Emiliano Tossou