Morocco Surges to Top Spot in African Mining Attractiveness

Leila benali energy-Morocco/Image NorthAfricaPost

Fraser Institute Ranks Morocco 18th Globally, Ahead of Ghana, South Africa, and Brazil

By MiningFocus Africa Editorial Team

Morocco has emerged as Africa’s most attractive mining jurisdiction in 2024, according to the Fraser Institute’s latest Annual Survey of Mining Companies—cementing its status as a rising force in global mineral investment.

Released in July 2025, the Canadian think tank’s survey assessed 82 jurisdictions worldwide, evaluating both geological potential and policy environments. Morocco scored an impressive 89.9 out of 100, placing it 18th globally and ahead of traditional mining heavyweights such as Brazil (56th), Ghana (46th), South Africa (68th), and Colombia (66th).

This marks a dramatic leap from Morocco’s 27th position in 2023, reflecting a surge in investor confidence and a robust uptick in exploration and development activity. The country now ranks just behind Western Australia (17th) and Ontario (15th)—regions long regarded as benchmarks for mining excellence.

Africa’s New Investment Magnet

Within Africa, Morocco leads the pack, followed by Botswana (74.0) and Zambia (72.0). The ranking consolidates Morocco’s reputation as a credible and competitive hub for mineral investment, bolstered by its diversified geology, strategic location, and expanding infrastructure.

The Fraser Institute’s index is built on two pillars:

• Best Practices Mineral Potential Index: Measures geological attractiveness and exploration potential.
• Policy Perception Index: Evaluates the impact of government regulations, permitting, and political stability on investment decisions.

While Morocco experienced a slight dip in policy perception, its overall rise is driven by strong geological fundamentals and an active investment climate. The country’s mining reforms, streamlined licensing, and focus on critical minerals have resonated with global investors seeking stable, high-yield jurisdictions.

 Implications for Africa’s Mining Landscape

Morocco’s ascent sends a clear signal to African peers: competitiveness in mining is no longer defined solely by resource abundance—it hinges on policy clarity, investor engagement, and infrastructure readiness.

For countries like South Africa and Ghana, the rankings underscore the urgency of regulatory reform and exploration incentives. Meanwhile, Zambia’s steady performance suggests potential for upward mobility, especially with its renewed focus on copper and green minerals.

As global demand for critical minerals intensifies, Morocco’s positioning offers a blueprint for African nations aiming to attract sustainable, high-impact investment. The continent’s mining future will be shaped not just by what lies beneath—but by how effectively it’s governed above ground.