Morocco's Managem retrieves gold seized by Sudanese authorities

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Moroccan mining firm Managem announced Tuesday that it managed to get back its gold cargo seized by Sudanese authorities earlier in May, Reuters said. 

The 241 kg of gold were seized by the Sudanese Rapid Forces from a plane that arrived in Khartoum on May 8. The Sudanese authorities suspected that the cargo would have been smuggled.

Quoted by the British press agency, Managem said that it had completed all administrative formalities as part of a regular delivery.

In a statement, Managem stressed that the "local authorities have been able to acknowledge our scrupulous compliance with regulatory procedures", adding that the cargo is ready to be exported.

Managem is owned by Moroccan royal family's holding Almada. It started operating in Sudan's Gabgaba gold mine in 2012.

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