RABAT Oct 11 Morocco's biggest miner Managem
has bought a 40 stake in Avocet Mining Plc's
Tri-K gold mines in Guinea for an undisclosed amount, a
statement from the Moroccan company said on Tuesday.
Managem said it will raise its stake to 70 percent of the
Tri-K project, located near Kankan in the northeast of the
country, if confirmed reserves reach 30 tonnes in a second
phase. The company will only raise it to 60 percent stake if
confirmed deposits are less than 30 tonnes of gold.
(Reporting by Aziz El Yaakoubi; editing by David Clarke)