Stolen gold retrieved

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Morocco’s leading mining firm Managem said it retrieved gold cargo seized by Sudanese authorities earlier this month.

Sudanese Rapid Support Forces took 241 kg of gold from an aircraft that landed in Khartoum on May 8 in an investigation into possible smuggling.

The cargo is part of regular deliveries and the company completed all administrative formalities in accordance with regulations, Managem said in a statement.

“Local authorities have acknowledged our scrupulous compliance with regulatory procedures,” said Managem, adding the cargo was now cleared for export.

Managem, controlled by the Moroccan royal family’s holding company Almada, started production in the Gabgaba gold mine in 2012 through its MANUB subsidiary.

Managem produces gold, silver, cobalt and copper.

Apart from Sudan the company operates in Democratic Republic of Congo, Ethiopia, Gabon, Guinea Conakry, Ivory Coast, Mali, Morocco and Sudan.