Managem, a Pan-African and fully integrated mining group, agreed to acquire Boto Gold Project, an exploration and development projects in Senegal, Mali and Guinea, from IAMGOLD, a mid-tier gold mining company, for $282m. "We are very pleased to have reached a deal with IAMGOLD on the Bambouk assets. This transaction will add to our solid portfolio of assets, reinforce our role as a Gold regional leader in Africa and contribute further to our position as a top-tier performer in the African mining industry. We are looking forward to work with the teams at Boto, Diakha and Karita to advance these projects within the framework and focus that is characteristic of Managem's responsible and dynamic approach," Imad Toumi, Managem Chairman and CEO.