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Morocco was recognized as the African nation with the most attractive mining sector in 2024 and the 18th globally, according to Fraser Institute.
The Canadian think tank’s Annual Survey of Mining Companies, released in July 2025, evaluated 82 jurisdictions based on their geological potential and policy environment.
Morocco scored 89.9 out of 100, placing it ahead of established mining economies such as Brazil (56th), Ghana (46th), South Africa (68th), and Colombia (66th).
This marks a notable improvement from Morocco’s 27th position in 2023, reflecting growing investor confidence and a sustained momentum in exploration and development activities.
The country now ranks close to traditionally high-performing regions like Ontario (15th) and Western Australia (17th).
In Africa, Morocco was followed by Botswana (74.0) and Zambia (72.0). The ranking consolidates Morocco’s status as a credible hub for mineral investment and development.
The Fraser Institute’s index combines two key metrics: the Best Practices Mineral Potential Index, which assesses geological attractiveness, and the Policy Perception Index, which evaluates the impact of government policies on investment decisions.
Despite a slight decline in policy perception, Morocco’s overall rise in the rankings is attributed to its strong geological potential and active investment climate, positioning the country among the world’s most attractive jurisdictions for mining investment.
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