Managem, Wanbao Mining Group acquire Gabgaba gold mine in Sudan

SUDAN – Managem, a Moroccan mining company, has signed a previously announced partnership with the Wanbao Mining Group, for the development of gold extraction projects in Sudan. According to a press statement from Managem, the mining company has acquired 65% stake in Block 15, also known as the Gabgaba gold mine in Sudan. The Chinese Wanbao will hold the remaining 35% of shares. In addition, Managem will hold a 35% stake in additional six exploration blocks currently owned by Wanbao Mining. The new partnership gives Managem and Wanbao rights for…

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