According to Gabonews, in an article dated 18 October 2025 and carried by AllAfrica, President Brice Clotaire Oligui Nguema received Imad Toumi, chief executive of Moroccan mining group Managem, which already operates the Bakoudou gold mine in Gabon. The discussion focused on strengthening cooperation and advancing mining projects, notably the Iteke gold project.
According to the article, Managem committed to supporting the implementation of this project, whose launch is described as planned for the near future. No precise timetable or investment figure is mentioned.
Gabonews reports that the Head of State announced that mining revenue will from now on be recorded in the state budget, for the sake of transparency. He is quoted as saying that gold is a state's sovereign exclusive right and that its exploitation must benefit the Gabonese state.
