The Moroccan mining group Managem continues its conquest of Africa, with a particular focus on gold. Recently, the company finalized the acquisition of the Karita gold project in Guinea, previously owned by the Canadian company IAMGOLD, thus strengthening its presence in this region rich in natural resources. This acquisition is part of a broader strategy aimed at diversifying its activities and consolidating its position as one of the leaders in the sector on the continent. In fact, Managem already has the Tri-K project in Guinea, which produces more than 130,000 ounces of gold annually. With Karita and adjacent exploration permits (Doumou et Diagana), the Moroccan group now has significant growth potential in the region. This expansion is accompanied by a desire to create synergies between its different projects, in order to optimize its operations and strengthen its competitiveness.
Alongside its development in Guinea, Managem also acquired gold assets in Senegalthus consolidating its presence in West Africa. This region is considered a mining El Dorado, offering numerous opportunities for exploration and exploitation. However, Managem is not limited to West Africa. The group is also present in the Democratic Republic of Congo and Sudan, demonstrating its desire to geographically diversify its activities. This strategy allows it to reduce the risks linked to concentration in a single region and to benefit from the specificities of each country.
Beyond its economic ambitions, Managem undertakes to develop responsible mining activities. The group implements social and environmental programs to improve the living conditions of local populations and minimize the impact of its operations on the environment. In Guinea, for example, Managem creates jobs, supports local infrastructure and promotes environmentally friendly mining practices. A responsible approach that allows it to ensure the sustainability of its activities and strengthen its reputation with stakeholders.
Artisanal gold panning
Faced with the environmental damage caused by artisanal mining, in particular the massive use of toxic products such as mercury, the Guinean government has decided to temporarily suspend, from June 1, 2024, all artisanal gold panning activities. This measure, which also concerns diamond mining, aims to protect soil and water resources, essential to agriculture, while allowing ecological restoration of degraded areas. Although artisanal gold panning represents a significant part of the country's gold exports, the authorities have deemed it necessary to prioritize the health of populations and the preservation of the environment. Three months later, artisanal mining resumed under the authority of the Ministries of Mines and Geology, Environment and Sustainable Development and Territorial Administration and Decentralization.
