Morocco’s Tin Boom: A World-Class Deposit Near Meknes

The financial operation, worth approximately 1.83 billion dirhams, represents one of the largest dollar-denominated bond issues by a private Chinese mining company in the past five years. The funds will be allocated exclusively to developing infrastructure and constructing the Achmmach tin deposit.

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This strategic project is now entering its effective operating phase following the completion of the engineering plans. Achmmach is considered one of the world’s most significant high-quality tin discoveries, located in an area classified as a “low-risk jurisdiction” by international investors.

The financing follows the Chinese group’s acquisition of Atlantic Tin Ltd in June 2025, a transaction approved by more than 90% of shareholders. Until then, the project was 75% owned by Atlantic Tin, alongside Japan’s Toyota Tsusho (20%) and Nittetsu Mining (5%).

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To justify this investment, the group’s management praised the Kingdom’s business climate, stressing that the country offers “a stable political environment and a highly favorable regulatory framework for foreign investment.” Morocco’s geographical position is also considered strategic for facilitating access to global markets.