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Morocco’s Managem Presents Gold Mining Feasibility Study to Gabon

Morocco’s Managem Presents Gold Mining Feasibility Study to Gabon

Rabat – The Moroccan mining group, Managem, has presented a feasibility study to Gabon’s government for the Eteke gold mining project.

The Gabonese Minister of Equipment, Infrastructure, and Mines Christian Magnagna received Managem-Gabon corporation officials on Wednesday to examine the Eteke gold deposit project and the renewal of the Bakoudou deposit mining agreement.

During the meeting, Toumi hoped for a quick launch of the project under a win-win partnership between Managem and Gabon.

“We have finalized the feasibility study and we hope that the project will start in the coming years,” said Toumi. “We discussed the next stages with the government member to finalize the last discussions around the partnership in order to move toward its realization,” he added.

For Magnagna, the government is building high expectations on the attractive project in terms of rentability for both the Moroccan mining corporation and Gabon as well as developing the Eteke area.

“The government wanted to ensure that in the feasibility of this project, all dimensions have been taken into account,” said Magnagna.

Read also: Moroccan Mining Sector Ranks 2nd in MENA Region: Report

The Eteke deposit has a five-year production capability estimated between 1 ton and 1.5 tons of gold annually.

For the Bakoudou deposit, Managem’s grant was renewed for three additional years. However, the group is pledged to finance projects, as part of its social responsibility, for the Bakoudou population.

“Even if the mining stops today, the corporation’s social responsibility is still engaged. It is this responsibility that [Managem board members] wanted to reaffirm this morning to the government member, with the presence of Lekoko department population,” said the Bakoudou population.

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