Company: Managem
Country: Morocco
Sector: Mining (Other Metals/Minerals)
CEO: Imad Toumi
Website: https://www.managemgroup.com
Careers Page: Not publicly listed
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Casablanca, Morocco
Founded: 1930 (roots in early 20th-century Moroccan mining concerns); reorganized under its current Managem structure in 1996
Valuation/Revenue: $6,185.0m market value (African Business Top 250, 2025)
Managem is a Moroccan mining group that explores, extracts, processes and markets base metals, precious metals (notably gold and silver) and cobalt from a portfolio of roughly 13 mines in Morocco and several other African countries, and is listed on the Casablanca Stock Exchange.
What Does Managem Do?
Managem’s operations span the full mining value chain: exploration, extraction, ore processing, and hydrometallurgical refining. Its core commodities include silver, cobalt, copper, gold, and industrial minerals such as fluorspar, produced from mines in Morocco as well as growing operations in Guinea, Sudan, Gabon and other African jurisdictions. The company began commercial gold production at a new mine in Guinea, part of a strategic push to diversify beyond its historically Morocco-concentrated asset base. In January 2025, Managem completed the sale of its Oumejrane mining subsidiary for $30 million, part of ongoing portfolio optimization, and its CEO has signalled plans for roughly $300 million of further investment in expansion projects.
Is Managem Legit?
Yes. Managem is a long-established, publicly traded mining company listed on the Casablanca Stock Exchange and also cross-listed on Canada’s CSE, subject to standard securities disclosure requirements. It is majority-owned by Al Mada, the Moroccan royal family’s investment holding company (formerly ONA Group), one of the largest and most established conglomerates in the country.
How Big Is Managem?
With a market value of roughly $6.2 billion as of the African Business Top 250 2025 ranking, Managem is one of the largest mining companies headquartered in North Africa and one of the continent’s most significant diversified metals producers outside South Africa. It operates 13 mines and holds numerous additional exploration permits across several African countries, giving it a geographic footprint well beyond Morocco’s borders.
Who Is the CEO of Managem?
Imad Toumi serves as Chairman and Chief Executive Officer of Managem. He has more than two decades of experience in industrial project management, including a prior role as Managing Director of AREVA South Africa, before joining the Managem leadership team.
Who Owns Managem?
Managem is majority-controlled by Al Mada (formerly ONA Group), the diversified investment holding company linked to the Moroccan royal family, which consolidated the country’s various mining interests under the Managem banner when the company was formally established in its present form in 1996. The remaining shares trade freely on the Casablanca Stock Exchange and the Canadian Securities Exchange.
Is Managem Publicly Traded?
Yes. Managem trades on the Casablanca Stock Exchange (its primary listing) and is also cross-listed on Canada’s CSE under the ticker MNG, giving it exposure to North American mining investors alongside its Moroccan shareholder base.
How Does Managem Compare to Its Competitors?
Within Morocco, Managem is the dominant diversified metals miner, distinct from state phosphate giant OCP, which focuses on phosphates and fertilizers rather than base and precious metals. On a continental level, Managem competes with other pan-African miners in cobalt, gold and copper, and has increasingly positioned itself as a growth-oriented gold and battery-metals producer as it expands into Guinea, Sudan and other frontier mining jurisdictions.
What Has Managem Been in the News For Recently?
Managem has been in the news through 2025-2026 for beginning gold production at its new mine in Guinea, part of a broader African expansion strategy, as well as for the $30 million sale of its Oumejrane subsidiary in January 2025 and CEO commentary on roughly $300 million in planned growth investment. Rising global gold prices through 2025-2026 have also been credited with fuelling the company’s push to ramp up African project development.
Links
Website: https://www.managemgroup.com
Careers Page: Not found
LinkedIn: Not found
Email: Not publicly listed
FAQ
Is Managem a legit company? Yes, it is a long-established, publicly listed Moroccan mining group majority-owned by Al Mada.
Who is the CEO of Managem? Imad Toumi, who is also Chairman.
Where is Managem headquartered? Casablanca, Morocco.
Who owns Managem? Al Mada (formerly ONA Group), the Moroccan royal family’s investment holding company, holds a majority stake.
Is Managem publicly traded? Yes, on the Casablanca Stock Exchange and Canada’s CSE.
How much is Managem worth? Its market value was approximately $6.2 billion per African Business’s 2025 Top 250 ranking.
How Old Is Managem?
Managem’s roots trace back nearly a century to early 20th-century Moroccan mining ventures, but the company in its present form was formally established in 1996, when Morocco’s ONA Group (predecessor to today’s Al Mada) consolidated its various mining interests under a single entity. This history gives Managem a much longer institutional track record in Moroccan mining than most of its regional peers, and the company has used that base to expand into new commodities — particularly cobalt and gold — and new countries, moving well beyond its historical Moroccan silver and base-metals operations into Guinea, Sudan and Gabon.
How Do I Apply for a Job at Managem?
As a large multi-country mining employer, Managem recruits mining engineers, geologists, metallurgists, safety and environmental specialists, and corporate functions across its Moroccan and international operations, with vacancies typically posted through its corporate website and standard Moroccan and pan-African mining recruitment channels, alongside partnerships with Moroccan technical and engineering schools given the specialized nature of much of its workforce.