First Independent Mena Newspaper
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 […]
Morocco’s mining company Managem said it has resolved the obstruction that has affected one of its gold shipments in Sudan and that the cargo is now cleared for export. On May 8, Sudanese authorities seized a Managem gold shipment causing an obstruction to the company’s gold exports in Sudan despite “ having completed all the […]
King Mohammed VI of Morocco participated Thursday in the inauguration ceremony of the new president of Mali Ibrahim Boubacar Keita, along a number of other heads of state, including France’s François Hollande. The presence of the Moroccan King at this ceremony did not go unnoticed because it was the first time that the king attended […]