The Economic Times

Why Africa's richest king is betting big on gold 47 years after 'Gold River' victory

Morocco's King Mohammed VI is backing a $750 million expansion of Managem Group's gold mining operations across Africa. The company aims to increase annual gold production from 2,13,000 ounces in 2025 to 5,00,000 ounces by 2030, as rising gold prices and growing African demand for domestic reserves make the continent increasingly important to the global gold market.