

Bouskour project
The Bou Skour copper deposit is situated in the eastern part of the Anti-Atlas belt about 50 km East of the city of Ouarzazate. The first discoveries of this mining district date back to medieval times and subsequently was mined by “la Société Minière de Jbel Sarhro” in the 1940’s. Mining activity was continued in 1948 by “la Société Minière d’Issougri” and then by “la Société Minière de Bou Skour”, which in 1950 revealed interesting anomalies through geophysical prospecting.
After several years of closure, starting in 2008, Reminex, a subsidiary of Managem Group, began extensive exploration programs, including geophysical survey and more than 100,000 m of core drilling, leading to the discovery of 19 million tons of M&I Mineral Resources at 1,44% Cu and 12 g/t Ag. The inferred mineral resources are 5.4 Mt grading 0.98% Cu, 10 g/t Ag. The Feasibility Study completed in 2018 reported proven and probable reserves of 9 million tons at an average copper grade of 1.61%. Owing to its Transformational Strategy and the criticity of copper for Green Energy , Managem has invested in an exploration program supported by new technologies to increase the Tier size of the project and improve its economic fundamentals. This strategy is supported by the ready-made Brownfield targets and the potential of the Saghro province.
Tizert project
Located in the Western Anti Atlas, 65 km from Taroudant City, Tizert Deposit is among exploration success stories of Managem as a Cu-Ag world Class deposits discovery.
Exploration initiated in 1969 by BRPM (Bureau de Recherche et de Participations Menieres), led to identification of the Cu-Ag mineralizing system and potential for a copper deposits in the district.
Since 2016, Managem has undertaken sustainable exploration works that consist of airborne and ground-based geophysics, geochemistry, hyperspectral and more than 200,000 m of core drill holes. This multidisciplinary approach supported by new technologies of exploration deliver successive resources and reserves growth. Currently, Measured and Indicated Mineral Resources are estimated at 100 million tons, with an additional 30 million tons classified as Inferred Mineral Resources with a very prospective Brownfield targets for sustaining growth.
For the project's feasibility studies, expertise was sought from globally recognized engineering firms alongside Reminex Engineering, a subsidiary of Managem. These studies estimated the reserves to hold 590,000 tons of copper metal and 1,190 tons of silver metal, with a projected phase 1 annual production of 120,000 tons of copper concentrate over a 17-year operational lifespan.
Additionally, Industrial Valorization Plan (IVP) studies were carried out, aiming to position the project as a benchmark in technological and digital advancement within the industry.
In terms of infrastructure, the project plans include the construction of:
• 148 km of pipelines and 8 pumping stations
• 70 km of new 60kV power lines
• 40 km of new 22kV power lines
Bou-Azzer mine
The Cobalt, Nickel, and Gold Deposit of Bou Azzer
Located 120 km southwest of the famous Ouarazazat touristic city, the cobalt-nickel -gold deposits of Bou Azzer are associated with the Elgraara Panafrican greenstone belt extending over 30 Km.
With a century of fascinating memories, the history of Moroccan cobalt born in the famous Jama Lfna square in Marrakech at 1928. A geologist, visiting the square as a tourist, recognized erythrite mineral of cobalt valued by its crystallographic structures unique in the world, and that led to the discovery of the first cobalt deposit in the Bou Azzer-Elgraara inlier.
The economic potential of Bou Azzer's Cobalt began to be exploited as early as 1929, through visual prospecting that cataloged the main outcropping occurences, followed by artisanal mining in 1932. Industrial-scale mining was initiated in 1934 by SMAG (Société Minière de Bou Gaffer) on the central deposits in Bou Azzer and on the Ightem deposit to the east of the district. The operation was suspended during World War II, resumed, and improved in 1944 with the installation of a pneumatic industrial plant.
From 1969 to 1971, the Russian group Technoexport conducted a comprehensive research program that led to the discovery of the Taghouni, Bou Azzer East, and Tamdrost deposits, the mine was put back into production and closed again in 1983 due to depletion of mineral reserves.
In 1987, spurred by rising market prices, the geological team of CTT resumed work and discovered the Méchoui deposit. Production thus recommenced, and the group simultaneously embarked on an ambitious research and development program, resulting in the development of two beneficiation processes enabling the production of cobalt cathodes, cobalt derivatives, nickel, and gold ingots.
The Bou-Azzer mine supplies the hydrometallurgical plants of Guemassa for most of their supply of cobalt concentrate.
Furthermore, CTT holds a portfolio of permits along the ophiolitic series and the Pan-African suture known as the major Anti-Atlas fault, extending over 100 km. In addition to cobalt, the suture is renowned for its deposits of silver, gold , copper , and manganese . The Group is investing in a Greenfield exploration program across the entire province, supported by airborne geophysics, spectrometry, and remote sensing.
- Type of mine : Underground mine
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Product : Cobalt
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Geology of the deposit : Hydrothermal vein-type deposit
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Working : by cut-and-fill stoping
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Processing : The rock is processed by a gravimetric process
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production
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XXXX (in 2017)
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Certifications:The Bou-Azzer mine is certified compliant with ISO 9001, ISO 14001 and OHSAS 18001 standards.
Imiter mine
The Société Métallurgique d’Imiter (SMI) is a subsidiary of Managem, which works the silver deposit at Imiter, situated in the eastern Saghro, 150 km from Ouarzazate. The silver deposit at Imiter stands out in the quality of its ore and is among the few mines in the world where silver occurs in its free elemental form and it produces ingots of Silver metal with a purity of 99.5%
Le gisement argentifère d’Imiter se distingue particulièrement par les qualités de son minerai et compte parmi les rares mines au monde où l’argent peut s’exprimer sous sa forme native et produit des lingots d’Argent métal d’une pureté de 99,5%
In late 2017, Managem completed work to extend the Imiter silver production plant, boosting the annual processing capacity by 30%. This new investment aims to prolong our mining activities and support our industrial production.
In 2018, Managem invested in the project to recycle the Imiter mine processing waste, thus promoting the environmental responsibility of its subsidiary and improving its operational performance with an 18% increase in silver production capacity as of 2019.
- Type of mine : Underground mine
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Product : Silver
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Geology of the deposit : Epithermal veins deposit
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Working : By fully mechanised cut-and-fill stoping .
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Processing : The rock is processed by gravimetric concentration
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production
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222 Tonnes metal in 2017
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Certifications:
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The SMI is certified compliant with ISO 14001 standards.
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The SMI is among the “Best Performers Emerging Markets” of the Vigeo Eiris ranking, in recognition of our commitment to social responsibility.
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Bleida mine
The Bleïda copper mine is located in the SE of the Bou Azzer-El Grâara inlier, in the Central Anti-Atlas, about fifteen kilometers as the crow flies from the village of Bleïda and 160 km from Ouarzazate City. In addition to the famous cobalt mine of Bou Azzer, the Bleïda copper deposit has greatly contributed to the strong mining reputation of the Bou Azzer-El Grâara inlier. This site has attracted attention since the Middle Ages, as evidenced by the numerous trenches, slag, traces of ancient furnaces, and the ruins of the Guelb Tassawt mining village, east of Bleïda.
The first research works supported by modern technologies date back to 1971. The mining operations were halted in 1997 due to the depletion of sulfide ore reserves. Following the development of an innovative oxide treatment process by the R&D Center of the group, the site was reopened in 2008 and serves as a platform for processing copper oxides from several deposits of the Infracambrian carbonate cover.
Oumejrane mine
Oumjrane District is located in the Eastern Anti-Atlas of Morocco called Draa-Tafilalt Region, 90 kilometers North East of Zagora city. This Region is one of the prospective provinces in the Mediterranean Geology that revealed numerous mineral deposits and has always been famous with a historical mining vocation.
Several MVT (Missispi Valley Type) and Hydrothermal Veins mineralizations with base metals, Copper-Silver and barite are inventoried in the Region and have been the subject of artisanal mining and small scale mining activities.
In the past few decades, the district has been the focus of successive prospecting works, particularly by the BRPM (Bureau of Mining Research and Participation).
At 2010 Managem improved the exploration and geological models and conducted a regional mapping combined which IP ground Geophysics uncovered reserves estimated at about 2 million tons, with an average copper grade of 2.7%. At 2023, aligned with the Transformational Strategy centered on new Tier projects, Managem consolidated the portfolio with The Boukerzia district, situated to 8 km East of the Central deposit and underwent multidisciplinary exploration, revealing the potential for over 10 million tons of material, some of which could be Open Pit Mineable.
Commencing production in 2014, the Oumjrane mine, operated by CMO (a subsidiary of the Managem Group), marks a significant development in the area.
Four operational sites feed the Oumejrane mine's processing unit, extracting primarily sulfide ores, mainly composed of chalcopyrite. The processing of these ores involves a conventional flotation concentration technique. The Oumejrane mine boasts a substantial reserve portfolio, projected to last for the next 10 years. The demonstrated potential of the Boukerzia district lays the foundation for ambitious, intensive exploration, driving towards organic growth and expansion of the mining operations.
Akka mine
The AKKA mining site is located in the Copper Belt of the Western Anti-Atlas in Morocco, 280 km southeast of the city of Agadir. This metallogenic province, with a strong mining vocation, has since antiquity attracted the interest of the Phoenicians and then the Carthaginians for precious metals, and the Portuguese for copper in the 16th century. Managem's history in the province dates back to 2001 when its subsidiary AGM was created to exploit the Inlioua gold deposit in the same site. With the depletion of the gold deposit reserves in 2007, and in order to maintain activity in the region, Managem initiated an ambitious exploration program supported by R&D projects to develop innovative processes for treating slag from 16th-century artisanal foundries and dumps from semi-industrial operations of the early last century. The success of these efforts and the discovery of new Cu and Ag deposits allowed Managem to convert the gold processing plant to valorize the entire spectrum of copper-silver ores of the province and to sustain mining activity in the region.
Owned by AGM, a subsidiary of the Managem Group, which holds more than tow thounsand sqrKm of exploration permits and mining licenses. Following an integrated mineral system approach, the group has invested in multidisciplinary exploration programs that led to the discovery of a world-class Cu-Ag deposit in the construction phase. This Tizert project and the additional mineral resources discovered after the feasibility study fuel the Group's ambition to create a hub for copper production and silver as a by-product in the region.
mine of Draa Sfar
Draa Sfar mine is located in the Moroccan Meseta VMS Province (Volcanogenic Massive Sulfide), 13 km in The North West of Marrakesh.
The history of the Draa Sfar mine goes back to 1949, when Jean Routier was the first to apply for the permit covering the Iron Gossan above the deposit. In 1953, SMZ (Société des Mines des Zenaga) started mining the deposit, and produced 5,000 tons of iron ore as hematite with an ore grade of 51% iron.
The first exploration work began in that same year, when the SEGM (Service d'Etude Géologique Marocain) awarded the CPGNA (Compagnie de Prospection Géophysique Nord Africaine) a ground geophysical survey in the area of Sidi Mbrak, which includes the Draa Sfar zone. Several exploration surveys were carried out for Sulphur and iron, and base metals were discovered in a relatively small thikness by 1962. In 1984, BRPM agreed a research agreement with SOMIFER and REMINEX, both subsidiaries of the Managem Group. The work performed under this agreement led to the discovery of the deposit, which then started up production in 2004 to take over from the Hajjar deposit, which had been running out of reserves.
The Jbilets area north of Marrakech hosts many deposits, the most important of which are the Draa Sfar and Koudiat Aicha orebodies. These two deposits generate polymetallic ore with high concentrations of zinc, lead, copper and silver. These polymetallic mines are mined by CMG, subsidiary of Managem Group.
With the aim of making a long-term sustainable mining industry in the Region, Managem implemented an integrated multidisciplinary Strategy using robust mineral system model and New Airborne as well as Remote Sensing Technologies. Machine Learning Data Processing highlights more than 20 advanced Targets.
Draa Sfar deposit
Draa Sfar deposit has a significant reserve of polymetallic ore with economical concentrations of Zinc, Copper, Lead and Silver. The ore reserve stretches over a depth of 1.5 km and runs 1.6 km North South, and still Open both laterally and in the depth. Draa Sfar Modern Shaft is the deepest mine in North Africa, reaching a depth of 1,200 metres.