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Elcora options to purchase existing manganese mine in Morocco; additive to Atlas Fox

Green Car Congress

Elcora Advanced Materials has signed , through its Ermazon SARL wholly owned subsidiary, a binding agreement with exclusive long-term mining production rights and option to purchase a 16 km² manganese mining concession in Morocco. The artisanal production run rate at the deposit was then approximately 2,500 metric tonnes / month.

Morocco 199
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Elcora receives manganese production license in Morocco

Green Car Congress

Canada-based battery materials company Elcora Advanced Materials has received , through its Ermazon SARL wholly owned subsidiary (purchased in December 2021), a manganese exploitation license from the Moroccan government for the Atlas Fox Deposit in the country. Manganese ore 37% sells at about US$331 / metric ton on the international market.

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Ricardo study predicts that BRIC automotive markets will be eclipsed by the “Rising-15”

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A study by Ricardo Strategic Consulting has concluded that while sluggish automotive demand in Europe, Japan and North America will be balanced by the BRIC (Brazil, Russia, India and China) markets through 2020, thereafter the ‘Rising-15’ nations become the engine for profitable growth—assuming political stability.

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

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The loss is driven by the severe downturn in the global economy in the second half of calendar year 2008 and, in particular, the negative impact of the strong yen, the sharp decline in consumer confidence in all major markets and product mix deterioration, the company said. compared with last year.

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