Market Update - EGPC Resumes Fuel Supply

RNS Number : 5371T

Centamin PLC

14 December 2012

 



For immediate release

14 December 2012

Centamin plc ("Centamin" or "the Company")

(LSE:CEY, TSX:CEE)

Market Update - EGPC Resumes Fuel Supply

Centamin advises that its fuel supplier Chevron has received notification from Egyptian General Petroleum Corporation (EGPC) that fuel supply to Sukari may be resumed and that no retrospective payment is currently due.  The escalation in diesel pricing that the company experienced from local to international in January 2012 is currently before the courts and has been for some months.  This case will also deal with any retrospective claim.

A further update on the status of gold exports will be provided in due course as this will determine when operations at Sukari may resume.

For more information please contact:

Centamin plc Josef El-Raghy, Chairman Andy Davidson, Head of Business Development and Investor Relations ([e-mail]) [phone]

Buchanan Bobby Morse Cornelia Browne Gabriella Clinkard + 44 20 7466 5000

 

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