Moroccan mining sector posts over $431 mln in sales
Morocco, Economics, 6/25/2003

The mining sector in Morocco achieved in the first quarter of 2003 sales estimated at more than 4.31 billion Dirhams (US $431 million), the mining and energy ministry announced.

The sales includes phosphate derived products and other mining processed products.

Exports, estimated at over US $333 million, represent 77.4 percent of the turnover. Phosphate and its by-products represent 87 per cent of the exports, the source went on.

The overall sales of phosphate reached 5.7 million tons for a value estimated at US $162 million. Morocco exported 2,810 million tons of phosphates for a value of over US $ 92.9 million, that is a drop by 1.1 percent in volume and 18.3 percent in value, compared to the same period of 2002.

The production of phosphoric acid reached 688,000 T, that is a 3.5 percent rise compared to the same period last year. The sales of phosphoric acid- entirely for exports- dropped by 16.4 percent in volume (321,000 Tons compared to 384,000 T in 2002), and by 30.2 percent in value (over US 85.1 million compared to US $121 million last year).

The production of solid fertilizers increased by 3 percent (675,000 T compared to 655,000 T in 2002). Sales of fertilizer reached 727,000 T for a value of US $114 million, including 637,000 T destined for exports for a value of US $100 million. Exports increased by 30.5 percent in volume and 18.9 percent in value, the source added.

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