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EBRD loans over $14 million to Moroccan mining sector for its green transition

Image Credit: European Bank for Reconstruction and Development

Published on 5th July 2024

The European Bank for reconstruction and Development (EBRD) announced that it is providing $14,635,368 loan to Morocco’s mining sector to help set up its transition to carbon emissions-reduced operations.

The loan is being offered to PROCANEQ, a subsidiary of PROCAN Group, which serves the mining industry.

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EBRD loans over $14 million to Moroccan mining sector for its green transition

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