News Agencies Feed :

    Canada’s Elcora plans to start manganese mining in Morocco by year-end-

    Atlas Fox Deposit license covers existing mine that ceased operations in the 1950s

    21 Nov 2022

    Elcora Advanced Materials Corporation is working on a comprehensive mining plan for manganese under the ‘Atlas Fox Deposit’ licence in Morocco, the Canada-based mining company said in a press statement.

    Heavy machinery and production equipment are already being shipped on-site, the statement said, adding the plan will be based on detailed maps of the former French mine located on its concession allowing for faster and more efficient production.

    The Atlas Fox Deposit was mined until the mid-1950s when the French rule in Morocco ended, leaving about 40 extracted manganese ore piles and numerous surface veins and pits on-site, the statement stated.

    Following negotiations with mining company Gold Lion, Elcora will retain 100 percent ownership of the manganese concession. In September, Gold Lion bought a 25 percent stake in the manganese permit under a $75,000 cash deal, among other terms.

    Elcora’s local Moroccan team is working on getting the last government requirements with plans to start production before the end of 2022, the statement said.

    zawya

    Stock Market

    Index

    Value

    Change

    Open

    MADEX

    9 209,87

    0,82 %

    9 135,23

    MASI

    11 329,76

    0,81 %

    11 238,86

    FTSE CSE

    10 269,41

    0,50 %

    10 218,62

    Contact US | © 2020 All Rights Reserved