Yukon may assume Victoria Gold accident cleanup
Officials said Victoria must increase holding ponds and boost its treatment of cyanide-contaminated water from the landslide.
Morocco’s largest mining company Managem has taken control of the Boto gold project in Senegal under a deal worth $197 million, it said on Wednesday.
The deal is part of a transaction last year to buy the assets of Canada’s Iamgold, which also include mines in Mali and Guinea, for a total of $282 million.
Managem said the Senegal mine would strenghten its position in West Africa and its near-term gold production growth.
The company expects to close the acquisition of other gold assets in Guinea and Mali in the third quarter, it said.
Casablanca-listed Managem, which operates in six African countries, is controlled by the Morocco royal family holding company Al Mada.
The company reported a profit up 88% to 1.615 billion dirhams ($160m) last year on the back of higher sales of precious metals.
(By Ahmed Eljechtimi; Editing by David Goodman)
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