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Elcora receives manganese production license in Morocco

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This license allows Elcora to mine, extract, process and sell manganese from its 16 km² mining concession in Morocco. The Atlas Fox Deposit had been mined until the mid-1950s (when the French colonial rule in Morocco came to an end), leaving on-site about 40 extracted manganese ore piles and numerous surface veins and pits.

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Fusion Fuel Green partners with CCC to develop green hydrogen demonstrator plants in Middle East

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Commenting on the news, Richard Thompson, Editorial Director at MEED, part of GlobalData, said: For nearly a century, the Gulf’s abundant supplies of accessible hydrocarbons has put it at the center of a gas-guzzling global economy. Territories that were largely desert in the middle of the 20th century are now thriving oil economies.

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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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Overall, declining costs for solar and wind played a considerable factor in the fall in absolute dollar investment in emerging economies. Most notably, Vietnam, South Africa, Mexico and Morocco led the rankings with a combined investment of $16 billion in 2018. —Luiza Demôro, project manager for BloombergNEF.

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Nissan Forecasts US$2.9B Loss for Fiscal Year; Cuts Planned Production by 20%

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“In every planning scenario we built, our worst assumptions on the state of the global economy have been met or exceeded, with the continuing grip on credit and declining consumer confidence being the most damaging factors. FY2009 labor costs in high-cost countries will be reduced by 20% from ¥875 billion to ¥700 billion.

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