The Moroccan Managem group, owned by the royal family, is investing $750 million to boost its gold production by 134%. The goal is to reach 500,000 ounces per year by 2030, taking advantage of historically high global prices.
Morocco stands out in the 2026 ranking of the 100 most valuable companies in the Middle East and North Africa, with nine companies placed. The kingdom thus ranks fourth in terms of the number of representatives.
The production of metals necessary for the manufacture of batteries or motors for electric cars requires a lot of water. A resource that is becoming increasingly scarce in countries like Morocco, already hit by severe drought.
An investigation reveals the significant pollution of certain Moroccan villages where mining residues are discharged. BMW, Renault and Managem, a large Moroccan mining company, are being pointed out.
The Moroccan mining group Managem has just strengthened its position in West Africa by taking control of the Boto gold project in Senegal.
The 241 kg of gold blocked by the Sudanese authorities in early May have been released, according to a press release from the Moroccan company Managem . The local authorities had prevented the transfer operation due to a permit issue.
It is due to the absence of a gold transfer permit (and not for any accusation of smuggling) that a cargo of 84 kilos of gold belonging to the Moroccan company Managem was intercepted in a helicopter in Sudan.