First Independent Mena Newspaper
Moroccan mining group Managem said it has officially commenced gold production at its Boto mine in southeastern Senegal, in an investment that totalled 350 million euros. Located in the Kédougou region, the Boto mine is expected to produce an average of 160,000 ounces of gold annually over its first three years, with total reserves estimated […]
Reminex SA, a subsidiary of Morocco’s largest mining company Managem, signed a partnership agreement with global engineering company China Electronics Corporation on a cobalt sulfate factory. “This strategic and know-how sharing partnership represents a major opportunity to build an industrial cluster and contribute to the Moroccan-Chinese alliance,” Reminex said in a statement. The new plant […]
Morocco’s largest mining company, Managem, categorically rejected allegations spread by German newspaper Süddeutsche Zeitung regarding its Abou Azzer cobalt mine. The allegations were related to arsenic levels due to mine operations and labor standards. “At Bou-Azzer, the ore is handled in full compliance with mining employee protection rules, from the moment it is mined through […]
Renault Group will buy Moroccan cobalt from Managem starting from 2025 as it seeks to bolster battery production for its electric vehicles. A memorandum of understanding was signed between the two companies amid higher demand for low carbon cobalt from carmakers. Under this deal, Managem will supply 5000 tons of sulfate cobalt annually for a […]
Morocco is currently searching for cobalt, a key commodity for rechargeable batteries and renewable energy transition, in tandem with an increasing demand on the metal, a Moroccan official told Reuters. Secretary General of Morocco’s hydrocarbons and Mines office, Abdellah Mouttaqui said that the office and Moroccan mining company are prospecting for cobalt in the area […]
Morocco’s mining leader Managem said it has produced a first gold bar at its Tri-K mine in Guinea, where it started gold production on June 23. Managem expects to produce 130,000 ounces of gold annually. The company has announced earlier this year that it will start production at the mine where reserves exceed 1.56 million […]
Managem plans to expand the share of gold in its portfolio from 20% to 50% as it expects an increase in production from the mine it operates in Sudan, CEO Imad Toumi said. Managem also plans to start production in its Tri-K gold mine in Guinea in the second half of this year, Toumi told […]
Morocco’s mining company Managem completed its partnership with China’s Wanbao to acquire 65% of Gabgaba gold mine in Sudan. The deal is in line with Managem strategy to develop its investments in Africa and develop its activities in Sudan, Managem said in a statement. Managem together with Wanbao will expand the Gabgaba mine […]
The German automaker, BMW, said Thursday that it plans to buy cobalt for the production of its electric vehicles from Moroccan mining company Managem Group as part of a five-year contract worth around €100 million ($113 million). The deal follows a memorandum of understanding on the direct purchase of cobalt signed between the two parties […]
Moroccan mining firm, Managem, announced, Tuesday, that it acquired the remaining 30% stake in the joint venture with West African-focused gold mining and exploration company Avocet Mining, for $21 million. In 2016, Managem acquired 40% of this project in partnership with Avocet Mining before increasing this share to 70% in 2018. With this […]