Morocco's OCP posts 58% profit leap 2016-03-22Moroccan fertiliser company Office Cherifien de Phosphate (OCP), the world's leading phosphate exporter, reported 2015 net profit up 57.8% year-on-year to 8.01 billion dirhams ($825.8-million) on Tuesday, attributing the rise to higher output. State-run OCP, a major earner of foreign currency for Morocco, has been increasing production in recent years to help to offset a slide in prices.
General 2015-05-10Only the Boucraa deposit is currently being mined, due to its reserves and content. These reserves, of sedimentary type, offer 2 phosphate layers. For the time being, only the first one is mined. Production capacity stands at about 2.4 million tons per year. Opencast mining is carried out by means of 2 walking draglines, and shovels to load trucks. The deposit is divided into several panels approximately 800 m wide and 3,000 m long. Each panel is cut out in 40-meter wide trenches. After screening, phosphate ore is carried from Boucraa to the treatment plants located at Laayoune-Plage on a 100-km long remote-controlled conveyor belt system. There, the ore is washed with sea water, then rinsed with fresh water (from a desalination plant) and dried. This process is mainly intended to increase the BPL content of the product and reduce its water content. Phosphate rock is then carried to the ship loading dock and exported all over the world.