Managem
From Wikipedia, the free encyclopedia
 | |
| Company type | Public |
|---|---|
| CSE: MNG | |
| Industry | Mining |
| Founded | 1930 |
| Headquarters | , Morocco |
Number of employees | 5,660 (2016) |
| Website | managemgroup.com |
Managem Group is a Moroccan mining company established in 1930. The company is involved in the extraction, production, and marketing of base metals, precious metals, cobalt, and other minerals in Morocco and across Africa. It operates 13 mines and holds numerous exploration permits.[1]
The origins of Managem trace back to 1928 when cobalt deposits were discovered in Bou-Azzer, Morocco. This led to the establishment of the Compagnie de Tifnout Tighanimine (CTT) in 1930, marking the beginning of mining activities in the region. In 1934, the Omnium Nord-Africain (ONA) holding company was created, operating in various sectors, including mining. Managem was formally established in 1996 to consolidate all mining activities of ONA, which later became Al Mada in 2018.[1]
Operations
Managem operates a diverse portfolio of mining assets, including:
- Base metals: Copper, zinc, and lead
- Precious metals: Gold and silver
- Cobalt and derivatives: Cobalt cathodes and chemical products
- Industrial minerals: Fluorite and others
The company has expanded its operations beyond Morocco, with projects in Gabon, the Democratic Republic of Congo (in partnership with Wanbao Mining of China), Sudan, and Guinea.[2]
In January 2024, Managem announced a capital increase of 3 billion dirhams (around $300 million) to support its expansion strategy in gold, copper, and cobalt. The company aims to double its earnings to 9 billion dirhams by 2025.[3]
