The pan-African mining group Managem continues its ascent on the African continent through new acquisitions. He signed an agreement with the Canadian mining company Iamgold Corporation for strategic investments in three African countries (Senegal, Mali and Guinea). The total amount of the operation is approximately 280 million dollars.

Imad Toumi, CEO of Managem, said he was pleased to have signed this agreement. “We are pleased to have reached this agreement with Iamgold, concerning “Bamboo Assets”. This transaction will enrich our already solid asset portfolio, strengthen our role as a regional leader in the gold business in Africa, and consolidate our position of top-performing within the African mining industry,” he announced.

Maryse Bélanger, Chairman of the Board of Directors and, acting, President and CEO, declared her joy in her words: “We are delighted that the development of “Bambouk Assets” is assured. eacute; by the Managem group, which has decades of expertise in the development and exploitation of mines in Africa, and which intends to advance these assets in a responsible manner, for the benefit of all stakeholders. Iamgold and its management will ensure a smooth transition of ownership.”