Managem Group
- Company typePublic
- Founded1996
- HeadquartersCasablanca, Morocco
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
Managem Group firmographics
Firmographics- Name
- Managem Group
- Legal name
- Groupe Managem
- Website
- https://managemgroup.com
- Company type
- Public
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
Managem Group industry classification
Industry- Product category
- Mining and Metals
- NAICS
- Copper, Nickel, Lead, and Zinc Mining (212230), Other Metal Ore Mining (212290)
- SIC
- Metal Mining (1000), Miscellaneous Metal Ores (1090), Primary Smelting & Refining Of Nonferrous Metals (3330)
- akta.pro primary industry
- Battery & Critical Minerals Trading (Lithium, Cobalt, Graphite, Manganese, Rare Earths) (IMAKAJAE)
Keywords
Where Managem Group is headquartered
LocationHeadquarters
- HQ city
- Casablanca
- HQ country
- Morocco
- HQ region
- Africa
Offices1 record
Markets served
Managem Group business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Mining Commodities Production: Managem extracts, processes and sells mining commodities including copper, silver, gold, cobalt, zinc, and lead. The company operates mines across Africa and processes minerals into concentrates or refined products for industrial buyers. Revenue is generated through spot sales and long-term contracts with commodity traders and industrial customers.
- Natural Gas (New): Following the acquisition of Sound Energy Morocco East Ltd and Sound Energy Meridja Limited, Managem has entered the upstream natural gas sector. The company plans to produce LNG by 2025 from the Tendrara concession, with production targeting 100 million cubic meters annually initially, scaling to 280 million cubic meters.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Commodity sales at market prices |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
Managem Group product offering
Product offeringCore offering
Managem Group is a pan-African mining operator that explores, extracts, processes, and markets mineral commodities — gold, silver, copper, cobalt, zinc, and lead — from 13 mining operations and 20 industrial units across Morocco and sub-Saharan Africa. The company also markets cobalt cathode under the patented CMBA brand via its Manatrade subsidiary and, through recent acquisitions, sells upstream natural gas/LNG from the Tendrara concession.
Product overview
Managem Group is a pan-African mining company operating 13 mining sites and 20 industrial units across 8 African countries. The company extracts, processes, and supplies precious metals (gold, silver), base metals (copper, cobalt, zinc, lead), and has recently diversified into natural gas/LNG through the Tendrara concession. The product portfolio includes: Gold (41.8% of revenue, with mines in Sudan, Senegal, Guinea, Gabon), Copper (15.9% including Tizert project in Morocco and Pumpi in DRC), Silver (11.8% from Imiter mine in Morocco), Zinc & Lead (4.3%), Cobalt (3.6% from Bou-Azzer in Morocco), and Natural Gas/LNG (recent acquisition for energy transition). The company also provides integrated mining services including exploration, hydrometallurgy, engineering, R&D, drilling, and trading/marketing through its subsidiaries.
Differentiator
Problem solved
Functional benefit
Products and services
- Gold Gold produced from mines across Sudan, Senegal, Guinea, Gabon, and the DRC, accounting for 41.8% of 2024 consolidated revenue (5,326 kg). Sold to industrial buyers and commodity traders.
- Copper Copper concentrate (92,612 tonnes in 2024, 15.9% of consolidated revenue excluding Lamikal) sourced from Morocco (Tizert project) and the DRC (Pumpi mine); sold to industrial metallurgical buyers.
- Silver Silver metal at 98.5% Ag purity in anode form from the Imiter mine in Morocco (127,675 kg in 2024, 11.8% of consolidated revenue). Managem is one of the leading primary silver producers in Africa and globally.
- Cobalt High-purity cobalt cathode marketed under the patented CMBA brand (1,286 tons of cobalt metal in 2024, 3.6% of consolidated revenue). Managem is one of the world's top 5 producers of cobalt cathode, used in EV batteries and super-alloys for the aeronautical sector.
- Zinc & Lead
Quantifiable outcome
- Gold production increase of 134% from 213,000 ounces in 2025 to 500,000 ounces annually by 2030
- +4 more outcomes
Companies that use Managem Group
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
Managem Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Managem Group partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- KGHMcoreKGHM, one of Europe's largest copper producers with annual output of 710,000 metric tons, signed a memorandum of understanding with Morocco's National Office of Hydrocarbons and Mines and Managem Group to explore copper mining development in Morocco. The initiative aims to reduce reliance on transcontinental concentrate sourcing from Chile and the United States by securing regional supplies closer to KGHM's primary Polish smelting facilities.
- Norin MiningcoreStrategic agreement for the sale of an additional 45% stake in the Gabgaba-Block 15 gold project for USD 420 million based on 100% project valuation. Norin Mining will increase its participation to 80%, while Managem retains 20% with strengthened minority rights. This agreement accelerates WG03 phase development, adding 120,000 ounces of gold per year.
- EEM (subsidiary of NAREVA)corePartnership for wind-powered medium-voltage supply to Managem's Bleida and Bou-Azzer sites. This innovative project covers 90% of the energy needs of these sites through wind farms, making Managem the first Moroccan company to implement this medium-voltage wind solution.
- Barrick Gold CorporationcoreManagem and Barrick Gold Corporation announced a strategic alliance to boost gold exploration in Senegal, across three permits covering 820 km². Barrick will invest $7.5 million over two years, followed by $15 million between the third and seventh year, with a goal of confirming a potential of 2 million ounces of gold.
- AGEM (Managem Group subsidiary)minorAGEM, a Managem Group subsidiary, finalized approximately 59% beneficial interest in Senegal's Senala project.
- ONHYM (National Office of Hydrocarbons and Mines) and BRGM (Bureau de Recherche Géologique et Minière)coreStrategic partnership for the development of strategic metals including copper and rare earths necessary for energy transition and Morocco's industrial sovereignty. Seminar held in Dakhla with multidisciplinary team from France's BRGM providing external expertise for key projects.
- GlencorecorePartnership with Glencore for the production of cobalt from recycled batteries, supporting Managem's position in the electric vehicle supply chain and sustainable battery materials.
- RenaultcorePartnership with Renault concerning the supply of low-carbon cobalt sulfate for electric vehicle batteries, positioning Managem as a key supplier to the automotive industry's EV transition.
- Wanbao MiningminorAgreement with Wanbao Mining for copper projects in the Democratic Republic of Congo.
- Avocet Mining PLCminorPartnership with Avocet Mining PLC around the Tri-K Gold mine in Guinea, which reached production in 2021.
Scale indicators17 records
Recent moves6 records
Expansion highlights6 records
Managem Group competitors and assessment
Company assessmentBroad incumbents
- Glencore: Global diversified miner and major commodity trader; Managem's partner on cobalt recycling and through Manatrade for cobalt marketing. Glencore's trading and metals businesses are direct comparables for Managem's vertically integrated marketing arm.
- Sibanye-Stillwater: Diversified precious and battery-metals miner with African gold and PGM operations. Comparable in multi-commodity African exposure and in downstream battery-materials positioning relevant to Managem's cobalt and copper portfolio.
- Barrick Gold Corporation: World's largest gold miner and Managem's Senegal exploration alliance partner (Barrick investing $7.5M-$15M+ in three permits covering 820 km²). Direct overlap in African gold and a strategic partner/competitor for high-quality African gold assets.
Direct peers
- KGHM Polska Miedź: Europe's largest copper producer (710,000 t/yr) and Managem's Moroccan copper exploration partner via 2026 MOU with ONHYM. Direct peer in copper mining and refining with shared interest in regionalizing European copper supply chains.
- Eurasian Resources Group (ERG): Diversified private miner with major African cobalt and copper exposure (DRC). Highly comparable to Managem's cobalt/copper profile, particularly the LAMIKAL and Pumpi operations in DRC, and competes for similar battery-metal offtake.
- AngloGold Ashanti: Global gold major with significant African production footprint (Ghana, DRC, Tanzania, Guinea). Competes with Managem for African gold resources and is a natural benchmark for African gold unit economics and capital allocation strategy.
- IAMGOLD Corporation: West African gold producer whose Bambouk assets (Senegal, Mali, Guinea) were acquired by Managem in 2022-2023. Highly comparable asset portfolio and operating geographies; both target similar gold ounces and share African country exposure.
- First Quantum Minerals: Major copper producer with African operations (Zambia, DRC). Directly comparable in copper mining scale and African operating exposure; relevant benchmark for Tizert-style large copper project economics.
- Endeavour Mining: West African-focused gold producer operating multiple mines across the same regional jurisdictions as Managem (Senegal, Côte d'Ivoire, Burkina Faso). Directly comparable in commodity exposure, geographic mix, and growth profile among mid-tier African gold miners.
Regional players
- OCP Group: Moroccan state-affiliated phosphate and fertilizer giant; the other flagship Moroccan natural-resource major alongside Managem. Comparable as a Moroccan-listed (or Morocco-domiciled) extractive multinational with pan-African ambitions, though in a different commodity.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Managem Group social profiles
Digital presenceManagem Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Managem Group leadership team
Management profileNumber of profiles
Profiles8 records
Managem Group subsidiaries and ownership
Company hierarchySubsidiaries8 records
Managem Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Managem Group M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Managem Group
What does Managem Group do?
Managem Group is a pan-African mining operator that explores, extracts, processes, and markets mineral commodities — gold, silver, copper, cobalt, zinc, and lead — from 13 mining operations and 20 industrial units across Morocco and sub-Saharan Africa. The company also markets cobalt cathode under the patented CMBA brand via its Manatrade subsidiary and, through recent acquisitions, sells upstream natural gas/LNG from the Tendrara concession.
Is Managem Group a public or private company?
Managem Group is a public company. It is classified as public and is currently operating.
When was Managem Group founded?
Managem Group was founded in 1996. It employs 1,001 to 5,000 people.
Where is Managem Group based?
Managem Group is headquartered in Casablanca, Morocco, in the Africa region.
How does Managem Group make money?
Two revenue lines are on record. Mining Commodities Production is the primary driver. The others are natural Gas (New).
Who are Managem Group's main competitors?
Broad incumbents on record are Glencore, Sibanye-Stillwater and Barrick Gold Corporation. Direct peers are KGHM Polska Miedź, Eurasian Resources Group (ERG), AngloGold Ashanti, IAMGOLD Corporation, First Quantum Minerals and Endeavour Mining. OCP Group is listed as a regional player.
Does Managem Group have an API?
No public API is recorded for Managem Group.
What industry is Managem Group in?
Managem Group's product category is Mining and Metals. Its primary akta.pro industry code is IMAKAJAE, Battery & Critical Minerals Trading (Lithium, Cobalt, Graphite, Manganese, Rare Earths). Its NAICS code is 212230 and its SIC code is 1000.