AMG (Luc Gerard Nyafe) finally takes control of CMT, the leading producer of lead and silver in Morocco, with a $25 million acquisition
The very profitable Compagnie minière de Touissit (CMT) generated €26.5 million in dividends in 2018. According to information shared with Jeune Afrique Business+, the Congolese businessman, who accumulated his immense wealth in Columbia and advises President Tshisekedi of the DRC, is counting on using the mining company’s expertise to develop his Peruvian subsidiary, BGPP (Brexia Gold Plata Peru).
Someone shares this article with you
▪ AMG (Luc Gerard Nyafe) finally takes control of CMT, the leading producer of lead and silver in Morocco, with a $25 million acquisition
▪ The very profitable Compagnie minière de Touissit (CMT) generated €26.5 million in dividends in 2018. According to information shared with Jeune Afrique Business+, the Congolese businessman, who accumulated his immense wealth in Columbia and advises President Tshisekedi of the DRC, is counting on using the mining company’s expertise to develop his Peruvian subsidiary, BGPP (Brexia Gold Plata Peru).
▪ https://www.africabusinessplus.com/en/803140/amg-luc-gerard-nyafe-finally-takes-control-of-cmt-the-leading-producer-of-lead-and-silver-in-morocco-with-a-25-million-acquisition/
Negotiations for the acquisition of the remaining 49% stake in Osead Maroc Mining (OMM), which controls 37% of Compagnie minière de Touissit (CMT), have been ongoing for nearly a year, as we predicted in an article published on 10 July 2019. The whole process has been laborious since it took the Auplata Mining Group (AMG), headed by Luc Gerard Nyafe (CEO), some time to see things eye to eye with Jean François Fourt, who controls the remaining 49% interest in OMM.
This article is for subscribers only. To read more, subscribe with a special offer.
You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
Recommended articles
Mines
14/11/2023 at 15h48, by Africa Business+, updated 15/11/2023
Gold in the DRC: how Luc Gérard Nyafé is reviving Banro’s former assets
The businessman now operates the gold sites in eastern DRC through Strategos Mining & Exploration.
Construction & Infrastructure
22/06/2022 at 15h40, by Africa Business+
Kinshasa relaunches Malaku SEZ with Guangdong Provincial Changda Highway Engineering and Ray Group
After ousting Luc Gérard Nyafé’s group from the project, the Congolese authorities decided to continue...
Mines
15/03/2022 at 14h33, by Africa Business+
Mbuyisa Moleele and Leigh Day revive class-action lawsuit against Anglo American in Zambia
Supported by the litigation fund Augusta Ventures, the two law firms will bring new evidence to a South...
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : customer.care@africabusinessplus.com
Add AB+ to your home screen
1. Click on 
at the bottom of your screen.
2. Click on 
to add AB+ on the home screen.
3. Enter the name of the shortcut and confirm.