Moroccan Mining Firm To Float

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Moroccan mining firm Tousissit Mining Company (CMT) has announced the launch of its initial public offering. The firm will list 33% of its capital - 490,000 shares - on the Casablanca Stock Exchange, with subscriptions open from May 19-23. CMT, which specialises in the extraction, processing and export of lead, zinc and silver ore, hopes to raise around MAD300mn.