Phosboucraa was established in 1962 by the Spanish state-owned company INI with mining operations at Boucraa starting in 1972. OCP Group acquired a 65% ownership share of Phosboucraa in 1976 and became the sole owner in 2002. Its activity consists of mining, processing and marketing phosphate rock. Phosboucraa represents approximately 4.6% of OCP Group’s total revenue, 3.7% of EBITDA, 8.2% of its extracting capacity in 2016.
Phosboucraa’s activities are located in 3 different places :
With an installed mining capacity of 2.6 million tons per year, Phosboucraa operates the smallest phosphate ore deposit owned by OCP Group, since it represents approximately 2% of Morocco’s Phosphate reserves, according to the US Geological Survey and the International Fertilizer Development Center.
Phosboucraa is a major contributor to the local and regional economy: The OPEX and the industrial investments both contribute to actively sustain a growing network of 50 local SMEs, suppliers, and service providers employing over 1 000 people. Direct and indirect employment opportunities to employees in the Region and from the Region has always been one of Phosboucraa’s main contribution especially since 2002. With an average annual revenue of USD 200 Million, Phosboucraa is engaged in a development program of approximately USD 2.2 Billion to move Phosboucraa’s operations up the value chain from raw materials to intermediate products and phosphate fertilizers by 2022. (including mining expansions, phosphoric acid units, fertilizer units, new storage capacity, port construction, etc.), will build upon the strengthening, in the process, of the local business ecosystem and the share of local content creation. This will generate substantial local value adding activities just as the other OCP Group site-specific investments programs have boosted their respective local economies and Regions. For the local communities and businesses, the benefits of this strategy are immediate and transformational in the long run.
Thanks to the vision and means put forward by OCP Group, Phosboucraa, its employees, their families and all of the Region will reap the benefits of a productive and localized mining and industrial value chain. Such a value chain will sustainably generate jobs and add value for the regional economy and its inhabitants for many more generations.