Managem Group, a prominent player in the global mining industry, has taken a bold step to solidify its presence in West Africa. The group announced the full acquisition of the Karita gold exploration project in Guinea from the Canadian company IAMGOLD. This strategic move aligns with Managem’s vision to capitalize on the rich mining potential of the region.
The Karita project, strategically located in Guinea, underscores Managem’s commitment to increasing its investments in West Africa’s gold resources. This milestone is further bolstered by the recent acquisition of two additional exploration permits—Doumou and Diagana—adjacent to the Karita site. These permits broaden Managem’s operational scope, reinforcing its ambitions in a highly competitive sector.
Managem has a long-standing presence in Guinea, with its flagship Tri-K project positioning the group as a significant contributor to the local mining industry. This latest acquisition strengthens its role in driving economic development and job creation within the region.
Managem’s expansion into Guinea is part of a broader regional growth strategy. In April 2023, the group finalized its acquisition of IAMGOLD’s assets in Senegal, including a 90% stake in the Boto gold project and other exploration assets in the country. These acquisitions reflect Managem’s ambition to become a leader in West Africa’s mining industry while diversifying its operations across the continent.
Beyond its strategic goals, Managem places significant emphasis on sustainable development. The company is dedicated to responsible mining practices and local community engagement. By supporting economic, social, and environmental initiatives, Managem ensures that its projects benefit not only the company but also the communities where it operates.
With the Karita acquisition and the new exploration permits for Doumou and Diagana, Managem continues to turn mining opportunities into sustainable growth drivers. This latest move reaffirms the group’s capacity to identify and capitalize on opportunities in a rapidly evolving industry, reinforcing its position as a key player in West Africa.
