Centamin to sponsor Egyptian Mining Forum

Centamin PLC

16 July 2024

 

16 July 2024

Centamin plc

("Centamin" or "the Company")

(LSE:CEY, TSX:CEE)

CENTAMIN TO SPONSOR EGYPTIAN MINING FORUM AS REGION ATTRACTs major GLOBAL INTEREST & INVESTMENT

As part of Centamin's commitment to assist in the development of the Egyptian mining sector, the Company is delighted to announce that it will be partnering with the Egyptian Mining Forum this week as the events primary sponsor. The event is set to celebrate the increasing prominence of mining in Egypt and highlight the role that innovative technologies and sustainable practices are playing throughout the sector, whilst promoting the exciting untapped mineral and exploration opportunities in the region.

Hosted by the Ministry of Petroleum and Mineral Resources with support from the Egyptian Mineral Resources Authority (EMRA), the 2024 Mining Forum is occurring as Egypt emerges as an exciting destination for global mining investment. With over 4,000 attendees set to attend the Forum between 16-17 July, the event will facilitate collaboration between senior government officials, industry thought leaders, emerging exploration companies, financial institutions and investors. With an impressive schedule of events and speeches, discussions will explore the opportunities and challenges of accelerating Egypt as a leading global mining destination. 

As the operators of the Sukari Gold Mine, the first large scale modern gold mine in Egypt and one of the world's largest producing mines, Centamin is committed to the ongoing development of Egypt as a premier global mining destination through its continued work and investment in country. The Company will be represented at the Forum by CEO Martin Horgan, Country Manager Amr Hassouna and Head of Exploration Howard Bills who look forward to the various stimulating conversations that are set to take place around investment into the region, innovation, talent and exploration amongst many other topics.

If you are present at the Forum, please do take time to go visit the Centamin stand and meet the team.

Speaking at the Forum in Cairo this week, Centamin CEO Martin Horgan reflects on the burgeoning industry in Egypt: "Gold mining has a rich history in Egypt that dates back to the Pharaohs. As the joint-owner and operator of the Sukari Gold Mine, in partnership with the Egyptian government, we have seen first-hand the growth of the industry over recent decades as well as the many economic and social benefits that mining can provide to a country. We look forward to celebrating the sector with all those attending the Forum in Cairo this week and to continuing the strong relationships we have with all our various Egyptian partners well into the future."

Centamin Egypt Country Manager Amr Hassouna commented: "Egypt is considered to be one of the most prospective destinations for major global companies operating in the mining sector. With distinctive advantages ranging from its geologically rich mineral resources, stable political environment with strong support for foreign direct investment, good security and infrastructure networks and deep pool of human capital, there is an abundance of opportunities for mining in Egypt.

About Centamin

Centamin is an established gold producer, with premium listings on the London Stock Exchange and Toronto Stock Exchange. Following a period of 'reset' including a significant refresh of the Board and management team, the Company is now entering a growth phase, balanced with stakeholder returns. The Company's flagship asset is the Sukari Gold Mine ("Sukari"), Egypt's largest and first modern gold mine, as well as one of the world's largest producing mines. Since production began in 2009 Sukari has produced over 5.7 million ounces of gold, and today has 6.0Moz in gold Mineral Reserves. Through its large portfolio of exploration assets in Egypt and Côte d'Ivoire, Centamin is advancing an active pipeline of future growth prospects, including the Doropo project in Côte d'Ivoire, and has over 3,000km² of highly prospective exploration ground in Egypt's Nubian Shield.

Centamin practices responsible mining activities, recognising its responsibility to deliver operational and financial performance and create lasting mutual benefit for all stakeholders through good corporate citizenship, including but not limited to in 2024, achieving new safety records (8 million hours LTI-free), commissioning of the largest hybrid solar farm for a gold mine (Sukari 36MW_DC solar plant), sustaining a 96% Egyptian workforce and a 68% Egyptian supply chain at Sukari.

FOR MORE INFORMATION, please visit the website www.centamin.com or contact:

Centamin plc Michael Stoner, Head of Corporate [e-mail]

FTI Consulting Ben Brewerton / Sara Powell / Nick Hennis [phone] [e-mail]

 

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