Centamin PLC - Market update
October 30 2012 - 9:47AM
Marketwired
TSXV: IEA
Centamin plc ("Centamin" or "the Company")
(LSE: CEY, TSX:CEE)
Market update
Centamin notes media reports this morning that its Concession
Agreement to extract gold from the Sukari mine has been
annulled.
Comments reportedly made by an Egyptian administrative court
this morning have given rise to speculation that parts of the
Concession Agreement may have, in fact, been suspended. However at
this time, no details of a final decision are availableand no
written judgement has been given.
Centamin confirms that it is not a party to this case, repeats
its view that the concession as law 222 of 1994 remains valid and
that the court does not have jurisdiction to cancel it.
The Company will inform the market further as soon as more
information is available. In the meantime normal mining operations
continue.
For more information please contact:
Centamin plc Buchanan
Josef El-Raghy, Chairman Bobby Morse
+44 207 569 1670 Cornelia Browne
Andy Davidson, Head of Business Gabriella Clinkard
Development and Investor Relations + 44 (0) 20 7466 5000
(andy.davidson@centamin.co.uk)
+44 (0) 20 7569 1671
This information is provided by RNS
The company news service from the London Stock Exchange
END
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